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 […]

The Dodd-Frank Wall Street Reform and Consumer Protection Act created the Consumer Financial Protection Bureau (CFPB) to monitor and supervise fringe creditors, study fringe markets, and promulgate rules relating to fringe banking transactions. Under these powers, the CFPB can regulate the fringe banking industry which includes payday lending. Here are some of the arguments for […]