There is $1.2 trillion in outstanding federal student loan debt as of the end of April, up almost 10% from prior year and 55% from 2007 according to Eduvisors.com. In comparison, there is about $170 billion outstanding in private student loan debt. The difference, not surprisingly, is that nearly all borrowers can get approved for federal loans. In the midst …
Federal Regulators Engage in a Misguided Campaign Against Payday Lenders
For an interesting analysis of the government’s paternalism regarding short term lending, see the WSJ article by Ronald L Ruben regarding a lawsuit filed against several federal agencies last month by the payday lending industry trade group, the Community Financial Services Association of America. Read the article here. The payday-lending business involves lending small amounts of money ($375 on average) to people in …
Lannister LC Follows Fair Debt Collection Practices
At Lannister LC we believe that the debtor is entitled to respect and we are committed to working with responsible debtors to help them get out of debt. Lannister LC follows California’s Rosenthal Fair Debt Collection Practices Act and the Federal Debt Collection Practices Act. The debtor will not be abused and harassed. The following is a list of common …