According to the Monthly Treasury Statement, the federal government collected $283,927,000,000 in October; the first fiscal month of 2022. The federal government spent $448,983,000,000 in October; setting a second highest record of spending ever for the first fiscal month of 2022. The highest month of spending ever for a first month of a fiscal year  … Read more

Fair Debt Collection Practices Act (FDCPA) is a federal law that regulates the debt collection practices by debt collectors. This law applies to all the debt collectors—law firms, businesses, and collection agencies—that collect or attempt to collect consumer debts. According to FDCPA, debt collectors cannot use any unfair or deceptive practices while collecting the debts.  … Read more

Unpaid debts may lead to phone calls from debt collectors in attempt to collect a debt. Many people face the stress of debt collection calls every day. However, in some cases, the debt collection agency may not be following the law. What Are Debt Collection Laws? Debt collection laws are a set of regulations that  … Read more

The CARES Act has provided protection against eviction and foreclosures during the turbulent times of the last year. The moratorium against evictions and foreclosures have begun to end across many states, and the federal level. In hopes of extending the protection provided by the moratorium, the CDC filed to extend the moratorium. However, a federal  … Read more

Medical debt is one of the leading reasons for people seeking debt relief through bankruptcy protection, according to experts. With the cost of health insurance premiums, copayments, and costs of prescriptions soaring in recent decades, many families are simply underinsured.  As people work to get themselves out of crushing medical debt, some lawmakers at the  … Read more

Until last week, the term “hedge fund” was used primarily by WallStreet traders and financial gurus. After the GameStop Hedge Fund fiasco last week, more people than ever are paying closer attention to the role these accredited investors play in trading and the stock market contribution to the economy. However, not all spotlight results in  … Read more

This week a struggling video game retailer, GameStop, has rewritten its story in the news media. It wasn’t but six month ago that news stories surrounding GameStop focused on their closing of some 800 nationwide stores amid the pandemic challenges; and possible upcoming Chapter 11 bankruptcy.  After a rollercoaster of a week in Wallstreet, the  … Read more

Nearly all Americans have experienced some financial challenges this year. People have lost their jobs, have had to cash out retirement and asset funds to put food on the table, or had to seek government assistance checks. To make matters worse, many more have simply had to rely on credit cards just to make ends  … Read more

  Shoplifting has spiked dramatically in recent years, especially since the start of the pandemic. This increase in shoplifting could be problematic for personal economies, and has the potential to generate widespread unforeseen consequences.  According to the National Association for Shoplifting Prevention, nationwide crises precipitate spikes in shoplifting. After  9/11, shoplifting increased by 16%. An  … Read more

According to the Federal Reserve Bank of  New York, it is estimated that a surprisingly large percentage of the population is deemed as “financially solvent”, or “broke”. It is estimated that almost 15% of Americans owe more in debt than have in valued assets.   As the economy continues its bumpy journey and the pandemic wages  … Read more