Law change 'puts debtors at risk'
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New laws will put debtors at greater risk from unscrupulous bailiffs, the Citizens Advice service warns.
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There are signs that consumers are beginning to be more cautious as a result of the turmoil in the credit markets.
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Banks are accused of seizing on a court victory to urge customers to drop claims for repayment of charges.
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Republicans in Congress want to significantly tighten regulations to keep people who declare bankruptcy from ducking debts they should be able to settle, but Democrats and physicians' groups argue the move would penalize Americans who go broke because of huge medical bills they can't pay.
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Companies encouraging spurious compensation claims are to be warned to act responsibly or face new laws.
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Danger lurks down the road for people with interest-only mortgages.
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Soaring household debt and the rise in credit card spending has left Briton&#39;s borrowers teetering on the brink of a precipice when it comes to the amount they owe, the Bank of England has warned.
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Securities regulators yesterday voted to overhaul a corporate rule covering financial risks, reacting to intense pressure from Congress and years of criticism from industry groups who claim the directive proved too expensive and burdensome.
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People who seek bankruptcy lose many of their assets to creditors, but not their Social Security benefits, their company pensions or their 401(k) plans, which are all shielded by law.
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Lawyers who file frivolous lawsuits would be hit with financial penalties under legislation moving through Congress. Supporters say the bill would protect businesses from being threatened with lawsuits that have no merit.
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Sweeping new European Union legislation is set to shake up the way insurers manage their capital - with implications for investors and customers alike.
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Poor and middle-income Americans could be deprived of access to bank services such as affordable home loans and low-fee accounts because of changes being proposed by one of the nation's bank regulators, critics of the revisions say.
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Calls for a change in the law on the force householders can use against burglars face their first major test in Parliament.
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Media & professional: Â· Radical shakeup proposed to limit bar on payouts  Â· ABI insists changes would not help consumer
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Reforms which are beginning to take effect will allow courts to dispense swifter justice, a minister claims.
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Consumers who cut it close by paying bills from their checking accounts a couple of days before depositing funds will be out of luck under a new law that takes effect Oct. 28.
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New "Check 21" rules may soon be changing how your bank serves you.