Tuesday, August 1, 2017

Lawsuit claims Portland State debt collector violated state, federal law with ‘excessive fees’

“here is an example of a collection agency with a name thaty sounds like a law firm.  but remember even if they are a law firm, if they are engaging in the practice of debt collection, they are a debt collector.  therefore, they must adhere to the FDCA and other regulations just like any collection agency.  Another lesson why you cant just assume that because a debt collector sends you a bill, that it is valid and compliant.”
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Thursday, July 20, 2017

LexisNexis® RiskView™ Liens & Judgments Report Delivers New Confidence for Home Mortgage Lenders and Limits Risk


“As we are all aware, as of July 1st, the 3 Credit Bureaus were purging most public record info. Anything that did not contain a SS# and DOB, was being deleted. However, you may be noticing that Public Records, some that were not even reporting previously, are now showing up on your mortgage reports. You may also notice that they are not showing as reported by any of the 3 Credit Bureaus, which would be indicated by a TU, EF, EQ, BX, BQ, TU or some variety of that. They are showing as being reported by “BL”, or some variation of that. The “BL” is code for “Borrower” and “Lexis” See below:

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Tuesday, June 27, 2017

IRS Private Tax Collectors Are Accused Of Illegal Tactics

The New York Times reports that Pioneer Credit Recovery is urging people who owe taxes to raid their 401(k), get employer loans, increase credit card debt, etc.

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Tuesday, June 20, 2017

‘Debt relief’ companies prey on students

Fraudulent “debt relief” companies are preying on the most vulnerable of the 44 million people with student loans, as federal officials dispute who’s to blame and what to do, a NerdWallet investigation has found.

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Tuesday, June 13, 2017

Why It Matters House Voted to Squash Banking Reforms

The House of Representatives took a step toward wiping out Dodd-Frank banking reforms Thursday by passing the Financial Choice Act of 2017. Here’s a look at what the bill is, where it stands and how it could affect your wallet.

Why It Matters House Voted to Squash Banking Reforms



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