Today, the Consumer Financial Protection Bureau (CFPB) released a report raising new concerns about costly fees and risky features often related to certain college-sponsored accounts. The Bureau’s analysis of roughly 500 marketing deals between these schools and large banks found that many deals allow for risky features that can lead students to rack up hundreds […]

Increasingly, consumers are leaving traditional banking avenues and moving towards alternative sources of money management such as prepaid cards. According to Nilson, “the top 50 largest US Banks and credit union issuers of general purpose prepaid card accounted for $118.09 billion in spending at merchants in 2013.” Additionally, the Mercator Advisory group found that from 2008 […]

Buying a home is one of the biggest financial transactions most people will ever enter into.  Because of the complexity and size of these transactions, however, many homebuyers lack the information they need to successfully navigate the home-buying process.  Unfortunately, mortgage lenders often take advantage of homebuyers’ lack of information, with the result that many […]

A few weeks ago my colleague Mary Sue Greenleaf wrote a post about filing consumer complaints with the Colorado Attorney General’s office. This post is intended as a supplement to her post and will include some additional places to file a complaint for different types of consumer problems.   First, some general tips for filing […]

  If you are struggling to make payments on your home, then you should know about HAMP.   One of the federal government’s flagship programs to help struggling homeowners is the Home Affordable Modification Program (HAMP).   HAMP, which took effect in 2009, helps homeowners who are facing default by modifying the terms of their […]

Internet payday lending has increased significantly over the last decade and the industry continues to evolve to skirt state regulations. Payday lending is a predominately state regulated field and the federal government has not widely addressed the issue. However, a new development in internet lending poses significant risks to consumers.  It has been referred to […]