Those who remember the Great Recession of 2008 (quite a hefty economic collapse second only to the Great Depression) will recognize names like the Consumer Financial Protection Bureau, or CFPB, and the Dodd-Frank Wall Street Reform and Consumer Protection Act.
In the face of a coming Trump administration, the New York Times writes that Richard Cordray, director of the Consumer Financial Protection Bureau, "braces for a reckoning" amid Republican lawmakers' calls for a change in leadership structure - or outright elimination of the young federal agency altogether.
Last month, two professors wrote an article for the New York Times about federal lawmakers' "bankruptcy-for-banks" bill, in which they opine that the bill is sound but needs fine-tuning.
Don't feel bad. Bankruptcy happens everywhere, not just here.
Here's the bad news: Tennessee has the worst bankruptcy record in the U.S., according to a report produced by finance website NerdWallet.
Getting a fresh start from debt obligations is one of the top concerns voiced by our new clients. Yet a bankruptcy filing offers much more, including a host of protections.
Filing for bankruptcy is a serious, complicated process and one that is often considered quite intimidating. Because of this, myths and misinformation can form and spread quite easily.
Unmanageable debt can leave you feeling suffocated by financial burdens and obligation. Thankfully, options like bankruptcy can provide considerable relief.
When it comes to filing for bankruptcy, there are several common misconceptions about what bankruptcy is and what it does. In this post, we will address some of the most common misunderstandings.
Dealing with the possibility of foreclosure can be hugely stressful for you. This is especially true if you are already dealing with other monetary hassles, which is highly likely if foreclosure is an issue that you are facing. So what can you do when you are being threatened with foreclosure?
Maintaining a credit card can be a lot of hard work. A person has to monitor their spending, keep track of their bills, meet the minimum payment every month, and be timely with payments. However, some people may fall behind on their payments. This is called delinquency.