What Are Loopholes Some Debt Relief Companies Are Using Get Around The New FTC Regulations? In 2010 the Federal Trade Commission (FTC) altered existing regulations and added others in an effort to better protect consumers by reducing abusive practices among the debt relief industry. In a nutshell, the new rules are aimed at preventing debt […]
CARD Act Loopholes That Can Hurt Consumers
The Credit CARD Act of 2009 was created to be a sweeping piece of consumer-friendly legislation that targeted unfair credit card practices. Prior to the CARD Act, credit card companies could charge outrageously high fees if you went over your credit limit, apply your payments to lower interest balances first and include all sorts of […]
Loopholes to Look Out for in the New FTC Debt Settlement Rules
The New FTC Debt Settlement Rules -Loopholes To Be Aware Of Before You Sign Anything Since 2010, the FTC has updated the rules that debt relief companies are expected to follow. Many of the changes have been positive. Debt relief companies are no longer allowed to charge up-front fees according to the FTC. They are forbidden from […]
