In recent years, countless private student loan borrowers have found themselves placed in automatic default – even if they were up-to-date on payments – when their co-signer died or filed for bankruptcy. Federal regulators now appear poised to rein in this often devastating practice, warning student loan lenders and servicers that they could soon face enforcement action if they continue the practice. [More]
Skirting The Law
Woman Claims Lucille Roberts Gym Accused Her Of “Trespassing” For Working Out In A Skirt
By 10.2.15
Should you be able to wear whatever you want when you exercise? A New York City woman says that employees of the Lucille Roberts gym chain were so upset about her insistence on wearing a skirt while working out that they harassed her and even threatened to call the cops on her. [More]
Pennsylvania Man Charged With Racketeering Related To Massive Payday Loan Scheme
By 6.24.15
A life of stealing started with the snatching of a candy bar and transformed into an illegal multi-million dollar online payday lending scheme that allegedly defrauded thousands of people. At least that’s what federal prosecutors say led to charges against a Pennsylvania man recently. [More]
Loophole Allows Auto-Title Lender To Charge Triple-Digit Interest Rates Despite Law
By 7.25.14
Consumer advocates have long claimed that usury caps are the best way to protect borrowers from predatory lenders offering payday or auto title loans. But even those protections aren’t surefire. A title loan company in Florida has been skirting the state’s cap for the past three years. [More]
