Lobel Corporation entered into a consent order with the CFPB last week requiring it to pay $1,345,224 to car loan borrowers and a civil money penalty of $100,000 for unfair practices related to the Loss Damage Waiver agreement it requires borrowers to agree to.

This episode reviews a recent sweep by the Consumer Financial Protection Bureau that resulted in 8 mortgage companies agreeing to enforcement orders. The companies were targeting veterans and military service-members with mailers that contained false and deceptive information. Listen for moee details!

Congress has extended the foreclosure moratorium on federally backed mortgage loans contained in the CARES Act to December 31, 2020. This episode explains what that means, how to find out if your mortgage is covered and also how to get a forbearance of the payments during the moratorium.

Find out if you qualify and what you need to do NOW to get the benefit of the CDC’s moratorium on evictions if you can’t pay your rent right now.

This episode describes the scam where you get a call from a utility threatening to cut off service if you don’t pay within an hour using store bought debit cards or gift cards. If this happens to you, ask yourself- - does the power company operate this way? The answer is NO! They don’t call and demand payment this way. They send a cutoff notice and, if you don’t pay, they cut off the service. Beware the scammers! Also know that during the pandemic Duke Energy has suspended cutoff for nonpayment.

Predatory lenders target people who are already in difficult financial situations. In this episode we list 12 scams, ripoffs and loan abuses that can take a bite out of your financial transactions.

Rules about credit reporting under the CARES Act when a creditor provides you with an accommodation on payment

TRACED The Telephone Robocall Abuse Criminal Enforcement and Deterrence Act.

It’s the season of giving and many of us give gift cards. Watch out for the other use of gift cards. Ways that gift cards are used in scams where scammers demand payment by gift cards are examined.

On October 2,2019 the FTC announced a 150 million dollar settlement w/Advocare in which the company, its CEO and 2 top promoters are permanently banned from multilevel marketing and “distributors” may get some of their money back.