According to the Educational Credit Management Corp. (ECMC), a guarantor of federal student loans, "portable media" containing the names, addresses, Social Security numbers and dates of birth of 3.3 million people was stolen from the company sometime during the weekend...
March 2010 Archives
Next week, on Tuesday, April 6th from 4:00 - 4:45 pm (EST) Americans for Fairness in Lending and Americans for Financial Reform are hosting a special discussion with Professor of Law and Chair of TARP Congressional Oversight Panel, Elizabeth Warren...
Soon consumers will be cashing checks with their smart phones. The latest applications would offer consumers the option to take a cell phone pic of a check and deposit it into their bank account. My friend Shawn Mosch, co-founder of...
Image by Getty Images via @daylifeThe days of credit card companies hounding students in the student lounge are over. Prior to passage of the Credit Card Accountability Responsibility and Disclosure Act (CARD), individual universities and colleges were the gatekeepers to...
There is a new site on the block and it's one that will make many of you (not all) extremely happy to hear about it. The site is ShameTheBanks.org and it aims to continue to do what we've been passionate...
Image via WikipediaConsumers think they are acting responsibly when they seek out loan help--especially when it is the government that is offering the assistance. However, for many consumers, acting responsibly these days is beginning to feel like lying down on...
A whistle-blowing Vice President at one our nation's biggest banks spoke to ABC News on the condition that ABC News not show his face or name him, because he feared stepping up to say the right thing would cost him...
Think you know just how ridiculous the big banks are? Test your bank knowledge by taking part in this latest project from Americans for Fairness in Lending and Americans for Financial Reform. "What the B@nk?!" is their new weekly trivia...
Last week's press conference by the FTC and 35 Attorneys General launched a media frenzy over the FTC vs. LifeLock settlement. The news and findings reported left some of us shaking our heads and some others confused. Now, the truth is,...
Shawn and Jeff Mosch, became victims of a Nigerian counterfeit cashier's check scam. In their search for support, resources and assistance for victims of this crime, like many of us, they found that there was no such assistance available.Once the...
(UPDATED below) When I heard the news that the Federal Trade Commission was going to begin regulating the way identity theft prevention is advertised, my mind flashed on all the deceptive advertising about free-but-not-so-free credit reports and I was hopeful. ...
My friend and fellow consumer advocate, John Watts, attorney with Watts Law Group has recently posted an article about Portfolio Recovery Associates, a debt collector they are suing for repeatedly (and illegally) calling their client's cell phone while using an...
To help Americans for Financial Reform kick off of the National Senate Call-In Week that ends tomorrow, March 4th, Ron Howard created the below skit that reunites all the actors who portrayed "Presidents" on "Saturday Night Live" including Will Ferrell...
In a world where people don't always play fair -this short film reminds us just how good it feels when we watch people who do. Maybe it will inspire others to do the same. This is a true story that...
Join the National Call-In Week and Call Your Senator Today!The process is easy and the message is clear: Congress must rein in the reckless greedy behavior of Wall Street and create an independent Consumer Financial Protection Agency! More than a...
A memoir exposing the steep price consumers pay when facing mortgage servicing errors, inaccurate credit reporting, illegal debt collection practices, identity theft and weak consumer protection laws. THE BOOK » DENISE'S STORY »