The Consumer Financial Protection Bureau (CFPB) is proposing new rules to restrict high-cost payday and car-title loans that often leave borrowers in worse financial shape.
Ace Cash Express, one of the nation's largest payday lenders, has agreed to pay a $10 million settlement over its collection practices.
Here's some good news for people hounded by relentless debt collectors and hauled into court. Two of the nation's biggest debt collection companies have agreed t o stop lawsuits against borrowers and drop collections on some $16 million in judgments.
Rafael Lee is 82, it's true. But the New Yorker's energy and attitude revealed itself when he hired a lawyer to protest a law firm's attempt to evict him from his rent-controlled apartment - and won.
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