| Volume 142 Number 90 |
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The People’s Lawyer’s Tip of the Day
If you’re thinking about upgrading to a new phone, make sure you remove your personal information before you trade it in. Why? Click here for more.
Consumer debt reaches record-high of $14 trillion
U.S. consumers’ total debt crossed the $14 trillion mark in the third quarter to a record high, according to the latest report from the Center for Microeconomic Data, part of the Federal Reserve Bank of New York. The debt includes mortgages, credit cards, student loans, personal loans, auto loans, and all other forms of consumer debt. The total has been rising for 21 straight quarters and has now surpassed the previous high reached in the third quarter of 2008, just as the financial crisis hit. Click here for more.
Your Money
During the final stretch until Black Friday, most major retailers have announced their deals via their Black Friday ads, which are advance advertisements of all their Black Friday deals (either in physical or electronic form). Retailers generally release these in the weeks before Black Friday. Most stores price-match each other closely on popular products. But each one has a little something special to offer shoppers. Here are the highlights from major stores' Black Friday 2019 ads, so you can plan your holiday shopping strategy. Click here for more.
For the Lawyers
Dunning letter’s use of the word may could be misleading. The Seventh Circuit held that a debt collector’s reference to the possibility of issuing a 1099-C was materially misleading, at the pleadings stage. Click here for more.