| Volume 141 Number 35 |
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Register now for the next session of the People's Law School, Saturday, October 6, 2018 at the University of Houston Law Center.Click here for more.
The People’s Lawyer’s Tip of the Day
The FTC has information to help you prepare for, deal with, and recover from the long-term impacts of a weather emergency. But how about the rest of us ready to help with donations after a hurricane? You should know about how to avoid hurricane relief charity fraud. Click here for more.
Storm and Emergency Preparedness
Proper preparation and smart actions during and after a storm or other natural disaster are essential. The expert advice from Consumer Reports will help you get through an emergency, and their product reviews will help you find the best gear to deal with a winter storm, hurricane, flood, tornado, wildfire, earthquake, and more. Click here for more.
Your Money
U.S. Bank is introducing a small dollar loan product that it calls Simple Loan. It's designed to help consumers deal with those sudden and unexpected bills. Those cash needs often send consumers to payday lenders, where critics say the borrower gets trapped in a never-ending debt cycle. That's because a payday loan has to be repaid in two weeks. If it isn't, the borrower has to take out another payday loan. And then another, paying a fee each time. U.S. Bank says Simple Loan is a different animal. They call it transparent and easy-to-understand. But perhaps more importantly, it's an installment loan. The borrower makes payments until the loan is paid off -- the entire balance is not due in two weeks. Click here for more.
For the Lawyers
The CFPB has released its summer 2018 Supervisory Highlights, which outlines its supervisory and oversight actions in the areas of auto loan servicing, credit card account management, debt collection, mortgage servicing, payday lending, and small business lending. The findings of the report cover examinations that generally were completed between December 2017 and May 2018. Click here for more.