There’s a new bill in congress which would omit the ban on automated calls to cell phones, and you may have to pay for them. This automated robo-calls to a cell phone is illegal. The federal government has prohibited these calls for the last 20 years. Permitting debt collection agencies to make automated calls to cell…
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Welcome relief to the nation’s 14 million unemployed
Recently, FORTUNE ran this: “WELCOME RELIEF TO THE NATION’S 14 MILLION UNEMPLOYED,” it blares. “PROMINENT DEBT COLLECTION AGENCY, CFS II, ANNOUNCES PLANS TO EXPAND NATIONWIDE — WILL ADD 10,000 NEW JOBS IN THE NEXT THREE YEARS.” The company is considering expanding to Florida. The last thing Florida needs is more debt collectors to potentially violate…
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Senate Republicans Block Obama Pick to Lead Consumer Panel
The Senate blocked President Obama’s nominee to head the Consumer Financial Protection Bureau, as filibustering Republicans who oppose the very powers of the new agency successfully challenged one of the administration’s main responses to the financial crisis. The nomination of Richard Cordray was rejected after Democrats failed to achieve the 60 votes they needed to…
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Credit Card Usage Way Up!
At the end of 2008, more consumers were using debit cards than credit cards but now that trend has reversed, according to First Data, card processing company; “They’ve been using their credit cards more and are starting to return to pre-recession buying habits.” First Data also says payments made with credit cards on Black Friday…
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