| Volume 64 Number 8 |
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The People’s Lawyer’s Tip of the Day
The Consumer Financial Protection Bureau ("CFPB") is officially open for business! The agency is charged to "promote fairness and transparency for mortgages, credit cards, and other consumer financial products and services." How can the CFPB help you? Click here for more.
Small Car Prices to Drop This Fall
If you have been on a car lot this year, you've likely noticed that small car prices have been extremely high. Why? As Japan continues to recover from the disastrous effects of the earthquake, Japanese automakers have been fighting to catch up with the demand for small-line vehicles. The average price for a new compact car in June was a record $20,500. By the end of the year, as supply catches up with demand, compact car prices are expected to be as low as $19,300. Have you been thinking about purchasing a small car? Find out why you should wait. Click here for more.
Banks Continue to Use Robo-Signing
Earlier this year, mortgage lenders promised to eliminate the poor business practices that harmed so many consumers and lead to the unlawful foreclosure of homes across the nation. So much for promises! Despite the national scandal that unfolded in March, some lenders are resorting to the same shortcuts that got them in trouble to begin with. How are lenders cutting corners? Who will hold them accountable? How can you protect your home? Click here for more.
CFPB Accepting Credit Card Complaints
Do you have a problem or dispute with your credit card company? The Consumer Financial Protection Bureau is available to help you untangle your credit card problems. To take advantage of the agency's powerful tools, you need to type up your complaint, disclose the amount at controversy, and give the agency any details about the dispute you want it to forward to the credit card company. According to representatives at the agency, it generally takes ten days to resolve a dispute. Click here for more.
Your Money
Auto Loan: How an accelerated payoff schedule can greatly reduce your interest expenses. Click here for more.
For the Lawyers
Proof of valid chain of title is required before foreclosure. The Nevada Supreme Court decided two cases that recognize the requirement that there must be a valid assignment of the deed of trust and note to support a foreclosure. The court noted that "[v]alid assignments are needed when the beneficiary of a deed of trust seeks to foreclose on a property. Click here for more.