Consumer Watchdog Readies to Bare Its Teeth The Consumer Financial Protection Bureau is entering 2013 poised to flex its muscles as it finishes up a list of studies and rules required by the law. They will have wide latitude to … Continue reading
A new movement is using donations to buy debt on order to keep it out of the hands of debt collectors. Rolling Jubilee is more than charity for those in debt. Rather, it is a protest against the debt system. Rolling Jubilee is … Continue reading
Credit Card Settlement Could Stymie PayPal's Retail Plans A provision within the hotly-contested settlement between merchants and credit card networks could potentially slow PayPal's bid to become more widely accepted at grocery stores, restaurants and other retailers. Retailers that choose to … Continue reading
Beginning January 2, 2013, the Consumer Financial Protection Bureau will be supervising large debt collectors. Any firm with more than $10 million in annual receipts from consumer debt collection will be subject to CFPB supervision. This includes 175 debt collectors … Continue reading
Hidden Good News on Credit Cards In a sign that consumers are getting back on their feet, new data shows that credit card debts are shrinking. Dig deeper into the fine print and there's better news: fewer credit card … Continue reading