There is No Way I Can Ever Afford My Private Student Loans. What Can I Do?

Question: Dear Steve, I have a total student loan debt of $ 140,000. Out of that total amount, about $ 131,000 is Private Student Loans. I have a bachelor’s degree that I received in 2012. I have been working since the day I graduated making decent money, but not enough to live on my own…… Continue reading There is No Way I Can Ever Afford My Private Student Loans. What Can I Do?

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FTC Seeks Public Input in Review of Holder Rule

As part of the Federal Trade Commission’s systematic review of all current FTC rules and guides, the FTC is seeking public comment on the efficiency, costs, benefits, and impact of the Holder Rule, which protects the rights of consumers who make a purchase using credit obtained through a merchant. The Rule, formally called the “Trade…… Continue reading FTC Seeks Public Input in Review of Holder Rule

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Alabama Resident Indicted for Stolen Identity Tax Refund Fraud Scheme

An Alabama resident was arrested today after being indicted on Dec. 9 by a federal grand jury sitting in Montgomery, Alabama, on 15 counts of wire fraud, 15 counts of aggravated identity theft and two counts of passing U.S. Treasury checks with a false endorsement, announced Acting Assistant Attorney General Caroline D. Ciraolo of the…… Continue reading Alabama Resident Indicted for Stolen Identity Tax Refund Fraud Scheme

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Tommie Copper to Pay $1.35 Million to Settle FTC Deceptive Advertising Charges

Company Made Claims That Its Copper-Infused Clothing Would Relieve Pain Athletic apparel company Tommie Copper, Inc. and its founder have agreed to pay $ 1.35 million to settle Federal Trade Commission charges that they deceptively advertised the company’s copper-infused compression clothing would relieve severe and chronic pain and inflammation caused by arthritis and other diseases.…… Continue reading Tommie Copper to Pay $1.35 Million to Settle FTC Deceptive Advertising Charges

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Deceptive car ads give consumers a bum steer

Sign & Drive Leases: ZERO DOWN!!!!!! ALL LEASES ARE Zip, Zero, Zilch — Nothing Down Sound appealing? That’s exactly what some people around Massillon, Ohio thought when they read those claims in full-page newspaper ads from two local car dealers. But the FTC says ads for Progressive Chevrolet and Progressive Motors didn’t properly disclose restrictions…… Continue reading Deceptive car ads give consumers a bum steer

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FTC Action: Scammers Banned from Mortgage Relief Business, Telemarketing

Four mortgage modification scammers, Brian Pacios, Chad Caldaronello, Justin Moreira and Derek Nelson will be banned from selling debt relief products and services under settlements resolving Federal Trade Commission charges that they deceived homeowners facing foreclosure. The settlements stem from a complaint the FTC filed against Pacios, Caldaronello, Moreira, Nelson, Denny Lake, and relief defendant…… Continue reading FTC Action: Scammers Banned from Mortgage Relief Business, Telemarketing

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Sixteen Named in Racketeering Indictment Alleging Money Laundering Schemes Orchestrated by Former President of Orange County Bank

Two Other Money Laundering Indictments Unsealed as Part of Operation “Phantom Bank” Federal authorities today arrested 11 defendants named in a sweeping racketeering indictment alleging a series of money laundering schemes that revolved around the former head of Saigon National Bank, based in Westminster, California, announced Assistant Attorney General Leslie R. Caldwell of the Justice…… Continue reading Sixteen Named in Racketeering Indictment Alleging Money Laundering Schemes Orchestrated by Former President of Orange County Bank

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The stuff of schemes

You’ve heard of the “right stuff” — the mix of bravery and brass that author Tom Wolfe told us powered the nation’s first astronauts to conquer space. Well, here’s the wrong stuff — a work-at-home envelope-stuffing scheme that bilked more than 50,000 people out of over $ 7 million. In a case announced today, the…… Continue reading The stuff of schemes

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Oregon Man Indicted for Failure to File Tax Returns

A federal grand jury sitting in Portland, Oregon, returned an indictment yesterday charging a Hillsboro, Oregon, resident with six counts of willfully failing to file an income tax return, announced Acting Assistant Attorney General Caroline D. Ciraolo of the Justice Department’s Tax Division. According to the indictment, Winston Shrout received gross income for the years…… Continue reading Oregon Man Indicted for Failure to File Tax Returns

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