New report blames “Sewer Service,” “Robosigning,” and lack of legal representation Last month the New Economy Project (NEP), a New York-based non-profit advocacy group, released its report detailing abuses in New York courts that are to blame for overburdening the...
Read MoreFor many 20- and 30-somethings, paying off the cost of student loans is a necessary priority, coming before marriage, having a family or buying a house. A recent report titled “Student Loan Affordability” from the Consumer Financial Protection Bureau (CFPB),...
Read More-EMERGENCY PREPAREDNESS ALERT- Emergency preparedness is a catchphrase of late, what with the catastrophic weather and similar events in the news. But along with having enough water and stocking up on non-perishable food, financial preparedness should be considered of nearly...
Read MoreStudy Shows Many Choosing to Pay Off Debts While Sacrificing Needed Health Care to Save Money A recent study conducted by sociologists at the University of Michigan found that people who are ill and do not seek treatment because of...
Read MoreCraig Kimmel of the Kimmel and Silverman law firm joins Hal Donahue for the weekly segment of What Vets Need to Know on The Union Edge, discussing the dangers of Pension Loans. For more information, news and help for...
Read MoreA resident of West Philadelphia is alleging that a debt collector has engaged in unlawful practices. Kimmel & Silverman, P.C. has filed a complaint against national debt collection company Virtuoso Sourcing, Inc., on behalf of Crystal Monroe. The lawsuit was filed on...
Read MoreFederal regulators are widening an investigation into whether the nation’s biggest banks used flawed documents and incomplete records to collect on delinquent credit card debts, according to four people familiar with the probe. The scope of the inquiry is unclear,...
Read MoreSeven years after Congress banned payday-loan companies from charging exorbitant interest rates to service members, many of the nation’s military bases are surrounded by storefront lenders who charge high annual percentage rates, sometimes exceeding 400 percent. The Military Lending Act...
Read MoreThe Massachusetts Office of Consumer Affairs and Business Regulation and the Division of Banks announced a series of cease orders targeting unlicensed lenders and a licensed debt collector that were not adhering to the state’s loan consumer protections. These loans...
Read MoreJudgments against unsuspecting consumers for defaulted loans are being churned out by debt collectors like Midland Funding, using robo-signed affidavits of debt as substitutes for properly investigated, properly documented debt. Robo-signing is the mass-production of “sworn” affidavits used to prove outstanding...
Read MorePhiladelphia Inquirer reporter John Timpane discovered that he was a victim of Identity Theft when a criminal filed a false tax return using his Social Security Number. After dealing with the IRS, FTC, multiple credit agencies and other organizations, he’s...
Read MoreMaking sound financial decisions starts with knowing your rights as a consumer Consumer advocates are hoping this month that April showers also bring May financial flowers for their clients, using National Financial Literacy Month as a springboard to get people...
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