Personal Finance Advice and Commentary

Tuesday, August 20, 2013 5:07 pm
By Janna Herron · Bankrate.com

The CFPB is suing debt-relief firm Morgan Drexen for alleged illegal upfront fees and consumer deception.

Wednesday, October 27, 2010 10:02 am
By Lucy Lazarony · Bankrate.com

Say so long to hefty advance fees for debt┬árelief help. Beginning on Oct. 27, 2010, all for-profit companies that sell debt relief services over the telephone may no longer charge a fee before they settle or reduce a customer’s credit card debt or other unsecured debt. This new rule comes courtesy of amendments to the

Monday, September 27, 2010 4:50 pm
By Leslie McFadden · Bankrate.com

Starting today, for-profit firms that sell debt relief services to consumers over the phone, such as credit counseling, debt settlement or debt negotiation, must comply with new provisions in the Telemarketing Sales Rule, or TSR. Three amendments to the TSR taking effect Sept. 27, 2010, will: Require debt relief companies to make specific disclosures to