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Here is another nuance research report to help our CCA’s member consultants become and even sound like an expert in the field. You can download the full report below: Research Paper: WHEN FAITH FALLS SHORT: BANKRUPTCY DECISIONS OF CHURCHES What does a church do when it is about to go

As a credit consultant, you should sound like an expert. This type of information provides the nuances of this industry and gives expert status information when addressing public questions. As of 2015, for the first time, laws providing for insolvency relief to natural persons (consumers) now form an unbroken chain

CFPB Sues Mortgage Lender for False Reverse Mortgage Ads; Orders Others to End Deceptive Advertising WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) is taking action against three mortgage companies for misleading consumers with advertisements implying U.S. government approval of their products. The CFPB is suing reverse mortgage

Two new defendants have been named in a Federal Trade Commission case against a phony debt relief and credit repair scheme that allegedly deceived consumers about non-existent federal programs to pay off their bills and fix poor credit. The case was originally brought in August 2014 against the unnamed operators

Filing for bankruptcy doesn’t necessarily reflect on the person’s moral compass or integrity. In some situations, particularly where there is negative cash flow (more money going out than coming in), declaring bankruptcy may be the wisest strategy for moving forward. In other cases, a single event like a job loss

In the present California residential real estate environment, where current or potential homeowners and/or renters have debt and credit challenges, real estate brokers may and oftentimes do offer and provide credit repair services along with real estate-related work. Advertisements for debt relief and credit repair are plentiful, and include solicitations

The Consumer Financial Protection Bureau (CFPB) ordered Continental Finance Company LLC, a subprime credit card company based in Delaware, to refund an estimated $2.7 million to approximately 98,000 consumers who were charged illegal credit card fees. The agency found that the company’s “fee-harvester” subprime credit cards misrepresented certain fees and

HOEPA loans are super-high-cost loans that qualify for special consumer protections under the Home Owners Equity Protection Act of 1994. (Yes, that’s the one that directed that the Fed “shall” implement a rule on abusive lending, which the Fed understood to be discretionary until 2008.) HMDA data has previously

Click below to read. https://www.ftc.gov/news-events/press-releases/2015/01/ftc-issues-follow-study-credit-report-accuracy According to the study, 121 of 1001 survey participants had an unresolved dispute with a credit bureau. Thirty-one percent (31%) of those with an unresolved dispute simply accepted the credit bureau’s decision and accepted the original information as correct. However, close to 70% of those

It’s easy to see how things can get lost in the shuffle and one accidentally overlook paying a bill.  This question is one of the most commonly asked questions when it comes to credit scores, but it’s also one of the most confusing considering the volume of misinformation perpetuated on