CFPB Shuts Down Debt Relief Provider Over Fraudulent Student Loan Practices – The National Law Review

On May 20, the CFPB settled an enforcement action against a California-based telemarketing firm for practices related to student loan debt relief services. The Bureau has ordered the firm to permanently halt operations and pay a $400,000 civil money penalty, in addition to ordering the recission of all the firms existing contracts with consumers. The Bureaus investigation…

Debt and generational money cycles: How this debt relief group suggests getting your coins together – Reckon

“This type of debt cycle can also change how someone is able to make ends meet.” (Illustration/Alexis Wray) Whether tucking cash under the mattress or hiding bills under mountains of more bills, each seen and unseen financial decision has the power to create generational money cycles. Generational money cycles impact everything from debt to mental…