Archive for consumer debt
The New Consumer Financial Protection Bureau
Posted by: | CommentsIn July 2010, a new federal agency was created to help protect consumers. It is called The Consumer Financial Protection Bureau. The CFPB’s tasks include:
- Conducting rule-making, supervising, and enforcing Federal consumer financial protection laws
- Restricting unfair, deceptive, or abusive acts or practices
- Creating a center to take consumer complaints
- Promoting financial education
- Researching consumer behavior
- Monitoring financial markets for new risks to consumers
- Enforcing laws that outlaw discrimination and other unfair treatment in consumer finance.
While the CFPB is still gearing up its operations, it has launched a new website full of helpful information for consumers, including information regarding:
- Bank Accounts
- Budgeting
- Credit Cards
- Credit Counseling Agencies
- Credit Reports and Credit Scores
- Debt Collection
- Gift Cards
- Home Foreclosure
- Home Ownership
- Investments
- Student Education Loans
If you are facing a consumer law issue, there is help available! Contact our office for a free consultation with a knowledgable consumer law attorney today!
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Consumers Have Rights Under Fed Law
Posted by: | CommentsIf you are a consumer and you feel that you are being abused or harassed by a debt collector, there is hope! There is a Federal law that governs the way debt collectors can and cannot behave while collecting consumer debts. It is called the Fair Debt Collection Practices Act, commonly referred to as the “FDCPA.”
In general, the FDCPA protects consumers from abusive treatment by debt collectors who are collecting consumer debts as outlined in the FDCPA. Some of the prohibited conduct by debt collectors is as follows*: Read More→
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