I’m An ITT Student, What Are My Options Now?

I’m An ITT Student, What Are My Options Now?

Now that the Department of Education has barred ITT Technical Institutes from enrolling new students who receive federal financial aid, the future is decidedly not bright for the for-profit college chain. With a potential shutdown looming, what are the options available to current ITT students? [More]

Hammerin Man

Servicemembers Twice As Likely To Submit Complaints About Unsavory Debt Collection Practices

While millions of Americans are no strangers to questionable debt-collection practices, a new report from the Consumer Financial Protection Bureau shows that the men and women in the armed forces are twice as likely than their civilian counterparts to file a complaint when a collector crosses the line.
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Lender EZCORP Must Pay $10M In Refunds, Fines For Illegal In-Person Debt Collection Practices

Lender EZCORP Must Pay $10M In Refunds, Fines For Illegal In-Person Debt Collection Practices

A small-dollar lender has been slammed with a top-dollar penalty by federal regulators who say that the company’s debt collection practices violated the law.  [More]

VW Previously Recalled Some Vehicles Over Emissions Standards

VW Previously Recalled Some Vehicles Over Emissions Standards

Five months before Volkswagen was ordered by federal regulators to recall nearly 500,000 sedans that equipped with software that tricked emissions tests, the company sent notices to some owners that their cars were in need of an “emissions service action.” [More]

Operators Of Credit Repair Business Masquerading As The FTC Must Return $2.4M To Consumers

Operators Of Credit Repair Business Masquerading As The FTC Must Return $2.4M To Consumers

Three months after regulators shut down a credit repair company catering mainly to Spanish-speaking consumers for falsely claiming to have a close relationship with the federal government – calling itself “FTC Credit Solutions” – and bilking thousands of dollars from individual consumers with empty promises of boosting their credit scores, the real Federal Trade Commission announced it has reached a settlement that will result in the return of $2.4 million to victims of the scam. [More]

Complaint Alleges LifeLock Violated 2010 FTC Settlement By Continuing To Make False Claims

Complaint Alleges LifeLock Violated 2010 FTC Settlement By Continuing To Make False Claims

Back in 2010, identity theft protection company LifeLock entered into an $11 million settlement with federal regulators and several states regarding its use of allegedly false claims regarding the effectiveness of its services. According to those same regulators, the company has violated that agreement by continuing to make claims that fail the truth test.  [More]

Phil's 1stPix

Regulators Gearing Up To Take Action On Slow-Moving Takata, Jeep Recall Fixes

After months of expressing concern over the slow-moving pace automobile and parts manufacturers have taken to remedy defects associated with nearly 1.5 million Jeeps that can explode following low-speed rear-end collisions and more than 25 million vehicles equipped with defective, shrapnel-shooting airbags, the National Highway Traffic Safety Administration is poised to take aggressive action to better ensure the safety of owners of those vehicles.  [More]

You Have Until Friday To Tell The Fed That Their Proposed New Credit Card Rules Aren't Enough

You Have Until Friday To Tell The Fed That Their Proposed New Credit Card Rules Aren't Enough

The Federal Reserve Board has set this Friday, October 12th, as the deadline for hearing any comments regarding Regulation Z, its proposed set of modified guidelines for the credit card industry. According to experts who aren’t on the credit card companies’ payrolls, the new rules are a weak fix that does little to protect consumers.