| Volume 30 Number 14 |
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The People’s Lawyer’s Tip of the Day
No tip today, just a remembrance. On Tuesday, I lost a good friend, and the people of Texas lost a true consumer advocate. After a short battle with cancer, John Ventura passed away. John was the Director of the Texas Consumer Complaint Center and under his guidance, University of Houston Law Students helped thousands of consumers recover millions of dollars. John was a kind, gentle person, who truly cared about helping others. He will be missed. Click here for more.
Lenders Seek Credit Forgiveness
Consumer advocates and other groups have asked federal regulators to permit lenders to reduce debt by up to 40%. The economic crisis has resulted in an increase in write-offs for lenders. Current rules don't permit lenders to offer reduced repayment plans. Will this new plan help you?
Click here for more.
New Mortgage Plan
U.S. lawmakers are considering a new plan to target the source of the mortgage crisis: bad mortgages and those at risk of foreclosure. The plan includes up to $50 billion to help struggling consumers. Click here for more.
The Federal Reserve Cuts Interest Rates
The Federal Reserve cut interest rates again this week. These interest rates are the lowest since 2003. In the wake of the reduction, Consumer Reports took at look at what the cut means for you. Click here for more.
Your Money
How long should you keep your vehicle in order to maximize value and return? Click here for more.
For the Lawyers
A seat belt suit against an automaker was preempted by National Traffic Motor Vehicle Safety Act. A California court has held that a tort claim against a manufacturer for not installing a combination lap/shoulder belt in a vehicle's middle backseat is preempted by a federal motor vehicle regulation. Click here for more.