After four years of studying high-cost short-term payday and auto-title loans, your BBB® has learned that the Consumer Financial Protection Bureau has released proposed rules intended to prevent borrowers from falling into a costly debt trap, leaving people worse off […]
According to a Boston Globe article, about 70 percent of this year’s college grads will have student loans. For the class of 2014, average student debt was just shy of $29,000. Graduates who go on to work in public service […]
Will you be applying for a loan or shopping around for a credit card in 2016? Your BBB® recently read a Press Release from the Federal Deposit Insurance Corporation (FDIC) that outlines some of the tips they have available in […]
Your BBB occasionally receives calls from people who have entered in to questionable auto loans. Authorities across the nation including in Indiana are on watch for subprime auto loans or so-called, “liar loans.” The alleged practice is being probed in […]
In a press release dated September 13, 2013, the Department of Justice (DOJ) office of U.S. Attorney for the Southern District of Indiana, Joseph Hogsett and the Office of the Inspector General (OIG) of the Social Security Administration (SSA) announced […]
This past week I handled a call from a consumer who was applying for loans online. The consumer received a call from one such lender who said that she needed to go to either Western Union or Wal-Mart and wire […]
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