Consumer Alerts

Befuddled by Student Loan Consolidation

08/03/11

It is a harsh reality of today’s post-collegiate environment – two-thirds of all students now graduate with burdensome debt that can follow for many years to come. Following a recent news story on CBS Evening News, a comment was made that a student CAN have their federal student loans discharged in a Chapter 7 bankruptcy [...]

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Congressional Budget Office Report: National Debt to Exceed GDP

07/26/11

It’s amazing how bad things have gotten. There is real talk of the federal government defaulting on its debts and the rating agencies will very likely downgrade U.S. Treasuries as a result. Just how dire is the economic outlook if we continue on our current deficit spending course? Ask the folks at the Congressional Budget [...]

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Richard Cordray to Lead Consumer Agency – Confirmation Fight Brewing

07/17/11

According to a New York Times story that broke just minutes ago, former Ohio Attorney General, Richard Cordray has been chosen to head the Consumer Financial Protection Bureau (CFPB). Mr. Cordray came to national attention for his aggressive investigations of mortgage foreclosure practices while he was attorney general. President Obama notably chose to pass over [...]

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Elizabeth Warren Ousted at the Consumer Financial Protection Bureau?

07/17/11

Has President Obama Eliminated Elizabeth Warren as a Candidate to Head the Consumer Financial Protection Bureau? This week the Consumer Financial Protection Bureau (CFPB) officially opens for business with Harvard Law Professor and bankruptcy expert Elizabeth Warren at the helm (at least for now). Ms. Warren has been an enthusiastic proponent of increased government oversight [...]

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Pregnant Woman Trampled in Mad Dash for Housing Vouchers

07/14/11

In an event that is being held up as a sad display of the continued effects of the lingering housing crisis, a pregnant woman in Dallas, Texas was trampled after a crowd waiting to apply for housing vouchers got out of control. According to MSNBC: Dallas County residents hoping to secure a Dallas County Health [...]

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Bankruptcy: Keeping the Lights On

07/13/11

Can the Power Company Turn Off My Lights When if I File for Bankruptcy? It’s hot outside and the economy is still in shambles. No one wants to be left without air conditioning in July. If you’re concerned about having the power shut off due to past due bills, it is important to be aware [...]

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How to Protect Yourself From Mortgage Relief Scams

06/30/11

THANKS … to the Federal Trade Commission in Washington, DC, for kindly providing much of the information in this article. The possibility of losing your home to foreclosure can be terrifying. The fact that scam artists are preying on desperate homeowners in financial distress is equally frightening. Many companies say they can change your home [...]

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Depression, Financial Ills and Bankruptcy

06/24/11

Recently in San Diego, two extreme examples of apparent financial woes have led to tragic ends. http://www.signonsandiego.com/news/2011/jun/07/services-held-two-familie... http://www.signonsandiego.com/news/2011/jun/22/court-documents-show/ I am not trained in the matters of the impact of financial burdens on one’s mental health. I am a counselor, however, a counselor at law. As such, one of my primary duties is to listen to [...]

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