Blog

November 19, 2013 - 5:51pm | Filed under: Credit Reporting | Tagged with: Debt Collection

Most people have rented a place to live.  The relationship with the landlord or management company typically extends beyond one month, sometimes for many years or decades.  With good credit, it’s usually easy to enter into a residential rental or lease agreement, with both...

November 6, 2013 - 8:31pm | Filed under: Debt Collection

A pair of bills amending the Fair Debt Collection Practices Act have hit the House Financial Services Committee, chaired by Rep. Jeb Hensarling of Texas. The first, introduced by Rep. Ed. Perlmutter (D-CO7), attempts...

November 4, 2013 - 4:10pm | Filed under: Forced Arbitration
Corporate America doesn’t want to be accountable if they do anything to hurt you. 
 
So how weird is this?  The Daily Grill, a very fancy and pricey steak house, encourages people to buy gift cards and make reservations on line.  (O.k.,...
October 4, 2013 - 12:48pm | Filed under: Small Dollar Loans

Director Richard Cordray of the Consumer Financial Protection Bureau gave remarks and hosted a field hearing in Chicago on Wednesday to release a report...

September 27, 2013 - 2:51pm | Filed under: Other Areas of Interest

National Association of Consumer Advocates’ Lobby Day 2013

November 6, 2013
9:00 a.m.–4:00 p.m. ET

We’re kicking off this year’s Consumer Rights Litigation Conference in Washington, D.C. by joining National Association of Consumer Advocates (NACA) members...

September 18, 2013 - 3:01pm | Filed under: Credit Reporting

Who can forget the discolored and damaged looking teeth of Austin Powers (played by Mike Myers) in the series of comedic movies: “International Man of Mystery,” “The Spy Who Shagged Me,” and “Goldmember”?  It was part of the self-deprecating humor that...

September 10, 2013 - 3:37pm | Filed under: Automobiles | Tagged with: Small Dollar Loans

Each year, over one million motor vehicles are repossessed from consumers who became delinquent in their payments to a lender who holds a purchase money security interest in the motor vehicle.

Section 9-503 of the Uniform Commercial Code authorizes secured lenders to seize possession of...

August 16, 2013 - 3:31pm | Filed under: Bankruptcy | Tagged with: Credit Reporting, Debt Collection

One of my favorite questions I like to ask lawyers is “Why do people file for Bankruptcy?”

The most common answer I get is because they owe money, or they have a lot of debt.

But that is wrong. The truth of the matter is very different.

One time, when I was about 17...

August 8, 2013 - 2:26pm | Filed under: Forced Arbitration

The CFPB is examining consumer awareness of mandatory pre-dispute arbitration (“forced”) clauses. In June, they published a request for information...

August 1, 2013 - 3:04pm | Filed under: Small Dollar Loans

Beginning next month, the city of Chicago will become the first municipality in the nation to offer a prepaid debit card account as part of its regional transit pass. The Chicago Transit Authority (“CTA”) entered into a contract with Cubic Transportation Systems, Inc., to offer...

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