Clik here to view.
Regulation and Prosecution on Wall Street
In my opinion, the growing anger at Wall Street is giving Lloyd Blankfein and Jamie Dimon another chance at misdirection. They are using the current popular angst to steer the debate into whether...
View ArticleClik here to view.
NPR Reports that Debtors’ Prisons Are Alive and Well
Although debtors' prisons are illegal across the country, you can apparently still end up in jail for an unpaid bill. I first came across this reality reading one of Lea Shepherd’s (Loyola Chicago)...
View ArticleClik here to view.
Storage Wars and the Credit Practices Rule
A few times I have caught Storage Wars, a television show on A&E. When storage units customers do not pay their fees, the contents are auctioned off by the storage unit company. The show follows...
View ArticleClik here to view.
FTC Shuts Down Forensic Audit Scam that claims: 95% of mortgages may be...
Just a few days ago, the FTC sent out the press release shown in its entirety below. They shut down a forensic loan audit scam in Los Angeles. Now, this is one of those stories that makes you...
View ArticleClik here to view.
Payday Loans and the Tribal Sovereignty Model
Think about what happens when you pit tribal sovereign immunity against effective consumer protection laws. In my view, no one wins. Yet payday lenders are now very actively seeking tribes with whom...
View Article