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Alexander Soule over at “The Hour” wrote a great piece about the opening of Debt & Credit Lawyer, and about the mixed economic outlook for Connecticut residents. You can read the article here:

According to a recent story in the Washington Post, consumers who have defaulted under the Federal Family Education Loan (FFEL) Program no longer have the protections afforded by an Obama-era directive that prohibited guaranty agencies from charging fees for up to 16 percent of the loans’ principal and interest if, within 60 days of default, […]

In a recent press release, the Federal Trade Commission announced that it had reached a settlement with United Debt Counselors, a national debt relief company, which was accused of exaggerating the amount of money consumers would save by using it services. The FTC said that the company sent official looking documents in direct mail marketing […]

The Consumer Financial Protection Bureau (CFPB) fields consumer complaints about a wide variety of players in the financial industry, including debt collectors, payday lenders, mortgage lenders, and credit reporting companies. The CFPB recently released its monthly complaint report and, according to its data, the three major credit bureaus ranked numbers 2, 3, and 4 in […]

In its press release, the Federal Trade Commission announced that it is distributing more than $148,000 two victims of Payday Support Center, a debt relief scam that focused on consumers who owed payday loans. Payday Support Center offered a “hardship program” to supposedly resolve outstanding payday loans. Allegedly, Payday Support Center had people send money […]

Back in December 2015, Congress passed a law called, “Fixing America’s Surface Transportation Act.” Oddly enough (or maybe not so strange, since legislative bills often have unrelated riders), the bill requires the Internal Revenue Service to use third-party debt collection agencies. The agencies are supposed to collect back taxes from folks the IRS has given […]

Attorneys General from 17 states and the District of Columbia sent a letter to the new Secretary of Education Betsy DeVos and congressional leaders in support of Obama-era federal protections for college students. The Trump Administration and Republican-led congressional education committees have signaled that they’re ready to reverse rules and regulations preventing for-profit colleges from […]

According to a Federal Trade Commission press release, GC Services has agreed to pay a $700,000 civil penalty to the FTC for allegedly revealing consumers’ student loan debt to third parties. The FTC noted that GC Services collects on defaulted U.S. Department of Education loans as well as other types of debt. Under the stipulated […]

The Federal Trade Commission (FTC) issued a report to the Consumer Financial Protection Bureau (CFPB) regarding the FTC’s enforcement of the Equal Credit Opportunity Act (ECOA). The ECOA, which was enacted in 1974, prohibits creditors from discriminating on the basis of protected classes of people. It also prevents creditors from not counting certain sources of […]

Debt & Credit Lawyer issued the following press release today: JANUARY 31, 2017 – NORWALK, CT – Sergei Lemberg, who as a teenager landed at New York’s JFK International Airport as a Russian refugee, has lived the American dream. Now one of the nation’s most prominent consumer attorneys, Lemberg is throwing open the doors of […]