Consumer Protection enforcement is about to come back in a big way, just in time to deal with the economic fallout we all face from the Pandemic. The Consumer Financial Protection Bureau was created in 2010 to deal with the aftermath of the 2008 recession, but a lot of its powers and effectiveness were reduced under the guidance of the previous president. This CNBC article provides an overview of what we can expect from CFPB under President Biden’s term.
Is there going to be an overwhelming onslaught of consumer bankruptcy filings? Many experts are predicting an incredible surge in personal bankruptcy filings, caused by the economic disaster resulting from the Coronavirus Pandemic. When the shutdown began bankruptcy filings sharply decreased. The Executive Director of the American Bankruptcy Institute, Amy Quackenboss predicted a surge, perhaps in May and June[1], but…
Under the CARES Act, many Americans will be receiving a stimulus payment very soon. The IRS started distributing the money last week. Who will get the check, and how much will you get? US Citizens and Residents with a social security number, who earned less than $75,000 in 2018 and 2019, and head of househoolds who earned less thank $112,500…