Current News Articles-
Debt-settlement firms face new rules -Fri, 30 Jul 2010
WASHINGTON, July 30 (UPI) -- The U.S. Federal Trade Commission said companies helping consumers dig out of debt would be barred in the future from accepting payment in advance. Federal Trade Commission - Debt settlement - Business - Federal government of the United States - Financial Services
Some debt settlement services are scams -Fri, 30 Jul 2010
Credit counseling and debt settlement services are a booming business. But some companies are scamming desperate consumers, making a bad situation even worse. Chris Oaks this week spoke to Gail Cunningham, vice president of the nonprofit National Foundation for Credit Counseling.
Small businesses: Measuring their power and their problems -Sat, 31 Jul 2010
Edmund L. Andrews works for The Fiscal Times, an independent news organization that specializes in fiscal and economic matters. It is funded by Peter G. Peterson, who separately supports groups that advocate for long-term debt reduction. Small business - Business - Business and Economy - United States - Ed Schultz
New Restrictions for Debt Settlement Firms -Thu, 29 Jul 2010
The Federal Trade Commission on Thursday announced restrictions on companies that purport to help borrowers get rid of crippling amounts of debt. The effort aims to address complaints about lenders that charge huge fees but fail to reduce the obligations of customers in debt.
Fund balance tops 7%, debts headed down -Sat, 31 Jul 2010
The Ridgefields fund balance is looking a little fatter. And its long-term debt is headed down slowly, but down. Ridgefields undesignated fund balance a surplus thats carried from year to year and functions informally as the towns savings account is about $8.5 million.
Record emerging debt issuance a sign of caution -Thu, 29 Jul 2010
Emerging market governments and investors have issued near-record amounts of debt this month and cash-loaded investors, afraid to bet on stocks, have flocked to the relative safety of bonds.
Feds crackdown on debt settlement companies -Fri, 30 Jul 2010
Upfront fees no longer allowed in many cases New restrictions are being placed on companies that purport to help borrowers get rid of crippling amounts of debt. The Federal Trade Commission's effort aims to address complaints about lenders that charge huge fees but fail to reduce the obligations of customers in debt.
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