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Monthly Archives: June 2015

New System for Debtors to Receive Electronic Notices and Orders When They are Docketed

flmb.uscourts.gov (U.S. Bankruptcy Court for Middle District of Florida) new system for debtors to receive electronic notices and orders when they are docketed. free Debtor Electronic Bankruptcy Noticing-DeBN Effective Monday, June 29, 2015, the Court will begin implementation of a new beneficial and free program titled, Debtor Electronic Bankruptcy Noticing, also known as DeBN. Debtor’s […]

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Consumer Financial Protection Bureau Publishes Over 7,700 Consumer Complaint Narratives About Financial Companies

From the Consumer Financial Protection Bureau: FOR IMMEDIATE RELEASE: June 25, 2015 CONTACT: Office of Communications Tel: (202) 435-7170 CONSUMER FINANCIAL PROTECTION BUREAU PUBLISHES OVER 7,700 CONSUMER COMPLAINT NARRATIVES ABOUT FINANCIAL COMPANIES Over Half of Consumers Filing Complaints Online Opt In to Share Their Experiences Via the CFPB’s Public Complaint Database WASHINGTON, D.C. — Today […]

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Consumer Financial Protection Bureau Identifies Illegal Practices Uncovered Through Supervision

From the Consumer Financial Protection Bureau: FOR IMMEDIATE RELEASE: June 23, 2015 CONTACT: Office of Communications Tel: (202) 435-7170 CONSUMER FINANCIAL PROTECTION BUREAU IDENTIFIES ILLEGAL PRACTICES UNCOVERED THROUGH SUPERVISION Supervisory Resolutions Across Industries Recover $11.6 Million for More Than 80,000 Consumers WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) released its latest supervision […]

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Cosigning Student Loans Can Be Risky for Parents and Grandparents

From The Wall Street Journal “The use of cosigners has increased in recent years as private student lenders have tightened underwriting requirements and seek to ensure repayment. Some 94% of the undergraduate private student-loan dollars given out during the first three quarters of the 2014-15 school year were cosigned—the highest on record—up from 77% in […]

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CFPB Finds 90 Percent of Private Student Loan Borrowers Who Applied for Co-Signer Release Were Rejected

From the Consumer Financial Protection Bureau: “Parents and grandparents put their financial futures on the line by co-signing private student loans to help family members achieve the dream of higher education,” said CFPB Director Richard Cordray. “Responsible borrowers and their co-signers should have clear information and standards for releasing the co-signer if the time is […]

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Dewsnup Lives – Even for Underwater Mortgages

According to Professor Charles Tabb, “ The Supreme Court … underwater.” “The Supreme Court ruled that mortgage liens are sacrosanct in chapter 7, whether they are partially or totally underwater” Read Prof Charles Tabb’s article

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Bankruptcy Judges Get Tough on Debtors That Don’t Surrender Property

SURRENDER property in BK means “surrender” (relinquish/make available)– no fighting foreclosure allowed! Read article from Tampa Bay Times    

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