As of July 21, 2011, a new agency will be joining the Federal Trade Commission to help investigate the growing number or complaints regarding debt collectors violating the Fair Debt Collection Practices Act. (FDCPA)
This new consumer protection, federal watchdog agency will be named the Consumer Financial Protection Bureau, and was created by a law enacted last year. According to reports, this agency will have the ability to set rules, whereas the FTC can investigate complaints, but not write rules.
Regulations need to be addressed regarding the debt collection industry and communication with debtors using new techology including voice mail, cell phones and e-mail.
The newer technological advancements have brought to the forefront the need for stricter regulation as they create even greater opportunity for harassment and abuse by debt collectors in their efforts to communicate with a debtor. The new
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You’re sitting there one day, off from work due to the stress of your unsecured debts weighing heavily upon your shoulders. Suddenly, in the background noise from the TV you hear a fantastic deal – consolidate your existing debts into ‘one easy affordable loan’. You think wow, just what I need to get my debts under control and you get the sales blurb.
Sounds great doesn’t it?
Debt consolidation in the UK is not a new phenomena these days. It’s been around a while. Lots of people have taken out debt busting consolidation loans. So why is the amount of debt in the UK still rising so fast? And why are
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If you are like many other consumers in the US, you’ve got a facebook page. And, if you are like many other consumers in the US, you’ve got debt. Put the two together and now Creditors and Debt Collectors have found one more way to reach out to you in an effort to collect on money owed.
The Federal Fair Debt Collections Practices Act, the law that protects consumers from debt collector harassment, was enacted long before social media or the internet. Thus
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Newspaper obituaries notify a large number of people in a short period of time about the death of a community member. Unfortunately, they also provide a list of potential victims to scam artists and thieves seeking emotionally vulnerable and, during memorial services, physically absent targets.
In the pain and confusion following a spouse’s death, you can’t be expected to remember websites and phone numbers for organizations that help uncover the unscrupulous. A couple of simple guidelines, however, could help you avoid most of the typical scams.
The most immediate vulnerability will be an empty house. Read full post…
Are you a student? For some students, their primary duty is only to study. Go to campus, listen to the teacher and the lecturer, do some exam, go home, and make some review or papers for the next day school or college class. Are you that kind of student? There is another kind of students. They prefer to do their school or college “normally”. It means that they just go to school, sometimes escaping form class, got some “Ds”, play so much, and another fun stuff. Are you the kind of students?
There is another type of students. They study hard as hard as they works. For them, while they are young, they want to start their own business. They be
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