Month: May 2019

The Consumer Financial Protection Bureau (CFPB) under the Trump administration, has published a Notice of Proposed Rulemaking (NPRM) to amend the Fair Debt Collection Practices Act (FDCPA). The CFPB’s proposal would change Regulation F to direct Federal rules overseeing the activities of debt collectors. The new proposal would allow debt collectors to call consumers as frequently as seven times per week and be permitted to start sending emails and texts.

All the economic shell-gaming that has been happening since the 2008 crash may finally be coming to a head for the American Auto Industry. Interest rates can’t be kept low to no anymore and car loans can’t be extended much more, either. More than 4.2 million new cars are stacked up unsold as of this month – which is an alarming half-million more cars than were stacked up before. Why? Because people can’t afford to buy new cars. For many, the difference between a $399 per month payment and a $475 per month payment (or whatever the amount depending on the buyer/car) is causing people to hesitate where they previously would have signed the paperwork.