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Blog Posts in May, 2019

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  • Can I Close My Bank Account and Try to Make Reasonable Payments on a Tribal Payday Loan Without Being Sued? Should I pay the loan back at all?
    Can I Close My Bank Account and Try to Make Reasonable Payments on a Tribal Payday Loan Without Being Sued? Should I pay the loan back at all?

    Question: Can I close my bank account and try to make reasonable payments without being sued? I have taken out 2 Internet payday loans through a tribal lending company. Answer: Tribal lenders are not ...

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  • Auto loan defaults rise
    Auto loan defaults rise

    According to a study released on February 12, 2019 by the Federal Reserve Bank of New York, a record 7 million Americans are at least 90 days behind on payments for automobile loans and retail ...

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  • Consumer Watchdog’s Proposed Debt Collection Rule Bites Consumers: Authorizes Harassment by Debt Collectors
    Consumer Watchdog’s Proposed Debt Collection Rule Bites Consumers: Authorizes Harassment by Debt Collectors

    FOR IMMEDIATE RELEASE: May 7, 2019 National Consumer Law Center contact: Jan Kruse ( jkruse@nclc.org ) or (617) 542-8010 Washington – The Consumer Financial Protection Bureau (CFPB) released a ...

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  • Nissan of St. Charles; alleged failure of car dealer to pay off trade-ins
    Nissan of St. Charles; alleged failure of car dealer to pay off trade-ins

    The Illinois Secretary of State Police, which regulates car dealers in Illinois, has shut down a large suburban Chicago car dealership, Nissan of St. Charles, for failing to pay off loans on ...

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