Question: Dear Steve, The recent announcement by the AFCC regarding third-party ancillary products has caused a huge divide within the AFCC, with most believing the AFCC has been hijacked and moving over to CDRI (Consumer Debt Relief Initiative). It seems the good old boys are trying to gobble up market share by either putting the … Read more
For years now I’ve written about debt relief companies that have used the personal loan mailers as a way to make the phone ring and then sell them some sort of debt settlement, debt relief, or modification service. Commissioned or otherwise incentivized salespeople get those leads and then attempt to close the sale or manipulate … Read more
The Federal Trade Commission announced a newly updated rule that strengthens the data security safeguards that financial institutions must put in place to protect their customers’ financial information. In recent years, widespread data breaches and cyberattacks have resulted in significant harm to consumers, including monetary loss, identity theft, and other forms of financial distress. The … Read more