201507.17
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Finally! Consumer Reporting Fairness Act:

WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) introduced legislation yesterday that would require banks and debt buyers to notify credit reporting agencies when a consumer’s debt has been extinguished through bankruptcy. “During the financial crisis, more than 50 million people saw their credit scores fall due to foreclosures and financial hardships. Many turned to…

201507.17
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Are sick and tired of trying to correct your credit reports?

Yesterday, NACBA joined with consumer advocates in supporting “The Consumer Reporting Fairness Act,” legislation introduced by Senators Sherrod Brown (D, OH), Richard Blumenthal (D-CT), Dick Durbin (D-IL), Al Franken (D-MN), and Jeff Merkley (D-OR) which would amend bankruptcy law to require creditors to ensure that a debt discharged in bankruptcy shows a zero balance on…

201507.16
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People often ask me what I think about all of the development downtown

I’ve lived here since 1978 and I have seen a lot of ups and downs. In my mind, hurricane Charlie stands out as the beginning of the economic downward turn. I’ll never forget living under a dark wet cloud for months on end.  We had storms, flooding, fires, people living in pods, trailers, property insurance…

201507.13
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Education Department to forgive Student Loan debt for Corinthian students

1.2 Trillion in student loan debt.  After a college filed Bankruptcy, the Government acknowledged the injustice and forgave the student’s loans. Wouldn’t it be nice if this theory existed in other institutions? The students learned a hard lesson early and I am sure there is more for them to deal with after finding out there…