How the Federal Truth in Lending Act Protects Car Buyers

By: Robert J. Nahoum The Federal Truth in Lending Act (TILA) is a federal law that was enacted in 1968 to protect consumers from unfair and deceptive lending practices. TILA applies to a wide range of consumer credit transactions, including car loans. One of the key provisions of TILA is the requirement that lenders disclose certain information to borrowers before […]

Consumer Financial Projection Bureau Issues Report of Debt Collection

By: Robert J. Nahoum Federal debt collection watch dog the Consumer Financial Protection Bureau (called the CFPB for short) has issued a its findings on a survey conducted of consumer experiences with debt collection.  According to the CFPB, “the survey results substantially expand the understanding of debt collection in the United States by providing the first comprehensive and nationally representative […]

What is Arbitration?

By: Robert J. Nahoum As technology has advanced our lives have undoubtedly been made easier.  There is no shortage of companies lining up to provide us with one sort of a service or another.  Some we pay for like our cell phones, cable, internet and Netflix while others are free like Facebook, twitter and Youtube.  One thing these companies all […]