An overlooked way to lower monthly student debt payments “There is no question that we need better information, better loan counseling, outreach after people enter repayment to make sure that borrowers know their options,” said Lauren Asher, president of the Institute for College Access & Success (TICAS), an education nonprofit. (Jens Schlueter / Getty Images)… Read More

FTC: Child ID Theft 50 Times Higher Than Adult CBS News 01/02/2015 02:04 PM 01/02/2015 05:30 PM (CBS News) — Between working two jobs and raising four kids, one with severe ADHD, Neala Elsworth didn’t think things could get more complicated — until her childrens’ insurance claims were unexpectedly denied. “They told me three out… Read More

  Debt Buyer Faces Fine and Loss of Thousands of Court Judgments By JESSICA SILVER-GREENBERG  JANUARY 8, 2015 8:43 PM From New York Times In courtrooms across New York State, lawsuits poured in by the hundreds as if manufactured on an assembly line. Some included generic testimony, others relied on bogus affidavits, churned out so rapidly… Read More

A.G. Schneiderman Obtains Settlement From Major Debt Buyer Who Filed Thousands Of Time-Barred Debt Collection Actions Encore Capital Group Inc. Will Vacate More Than 4,500 Improperly Obtained Judgments Totaling Nearly $18 Million; Reform Practices; And Pay $675,000 In Penalties And Costs Schneiderman: We Will Continue To Pursue Debt Collectors And Lenders Who Improperly Take Advantage… Read More

Consumer Alert: Scammers Claiming to Represent Advance America Target Illinois ConsumersCompany offers tips for avoiding payday loan and debt collection scams   SPARTANBURG, S.C., Jan. 8, 2015 /PRNewswire/ — Advance America, a national provider of payday loans and other financial services, has recently become aware of a new wave of scams targeting consumers in Illinois. These scam artists, posing… Read More

Better Business Bureau of Acadiana is warning consumers to beware of companies that falsely promise quick credit repair, often for high fees. “Local and national companies are claiming to be able to erase bad credit for upfront fees of $250 or more. Some even charge monthly fees after the first fee. The BBB has great… Read More

 The Obama administration has adopted sweeping new rules to discourage nonprofit hospitals from using aggressive tactics to collect payments from low-income patients. Under the rules, nonprofit hospitals must now offer discounts, free care or other financial assistance to certain needy patients. Additionally, hospitals must try to determine whether a patient is eligible for assistance before… Read More

January 15, 2015 Chairman Tom Wheeler Commissioner Mignon Clyburn Commissioner Michael O’Rielly Commissioner Ajit Pai Commissioner Jessica Rosenworcel Federal Communications Commission 445 12th Street, SW Washington DC 20554 Re: CG Docket No. 02-278 Dear Commissioners Wheeler, Clyburn, O’Rielly, Pai and Rosenworcel: The undersigned national, state and community groups write this letter to request that consumer… Read More

Online Payday Lending Companies to Pay $21 Million to Settle Federal Trade Commission Charges that They Deceived Consumers Nationwide Lender Will Waive $285 Million in Other Charges FOR RELEASE January 16, 2015 TAGS: Bureau of Consumer Protection Consumer Protection Credit and Finance Credit and Loans Two payday lending companies have settled Federal Trade Commission charges… Read More