Wednesday, September 5, 2018

Interest-Only Subprime Auto Loans are Too Good to Be True


Interest-Only Subprime Auto Loans are Too Good to Be True

Low-income families can sometimes find themselves desperate to get financing for a new-to-them used vehicle. They may be swayed by low monthly payments or interest-only subprime auto loans. But these lending options come with big strings attached, and sometimes the lenders don’t lay everything on the table.

CFPB Ombudsman Quits Over Student Loan Regulation


CFPB Ombudsman Quits Over Student Loan Regulation

The Consumer Financial Protection Bureau’s (CFPB’s) Student Loan Ombudsman, Seth Frotman has had enough of the political maneuvers affecting the way he does his job overseeing student loan regulation. On August 27, 2018, Frotman resigned from the CFPB. His resignation letter shows how the organization has changed under the Trump administration.

Wednesday, August 29, 2018

Is a Rebuilt Salvage Vehicle Worth the Savings?



You are browsing your favorite online reseller, when you stumble upon a later model car. It looks beautiful and the price seems too good to be true. Buried in the description, you see the words “rebuilt salvage” or “rebuilt title”. But the car looks great. Should you buy it? Is a rebuilt salvage vehicle worth the savings?

Wednesday, August 22, 2018

Mass Tort or Class Action: Know the Difference

Mass Tort or Class Action: Know the Difference

A manufacturer or company’s bad behavior can hurt hundreds, sometimes thousands of people. When those people come together in a lawsuit, it may be as part of a mass tort or class action. The differences between these cases may seem like legalese, but they can significantly affect your rights.
Class actions and mass torts are both lawsuits that can be brought when many people suffer harm because of a similar situation. But the legal differences between a class action and a mass tort could hurt your rights if you don’t know how to respond when notices arrive. 

Wednesday, August 15, 2018

FBI Uncovers $4.5 Million Classic Car Fraud Scheme to Steal from Collectors


FBI Uncovers $4.5 Million Classic Car Fraud Scheme to Steal from Collectors
It’s August in Metro Detroit, and that means it’s time for the Dream Cruise and classic cars. If you are thinking about getting in on the fun with a classic car purchase, you will want to know about a $4.5 million classic car fraud scheme recently uncovered by the FBI, and how to make sure you’re not taken advantage of too.

Wednesday, August 8, 2018

Gym’s Trans-Affirming Policy Violates Michigan Consumer Protection Act, Court Says


Gym’s Trans-Affirming Policy Violates Michigan Consumer Protection Act, Court Says


Would you want to know if your gym was trans-affirming before you paid for your membership? Would it bother you to share a locker room with people whose biological sex was different than yours? One gym’s trans-affirming policy has been up for debate in the courts for years. Now the Michigan Court of Appeals has said that the unwritten policy could have violated the Michigan Consumer Protection Act.

Wednesday, August 1, 2018

Insurance Companies Can Cancel Innocent Third Party Benefits, Michigan Supreme Court Says


Insurance Companies Can Cancel Innocent Third Party Benefits, Michigan Supreme Court Says


After a serious auto accident, should your insurance coverage depend on the honesty of another person? The Michigan Supreme Court recently said that insurance companies are allowed to cancel no-fault benefits paid to an innocent third party if they can prove fraud when the contract was signed.