"1.6 Million Consumers Received Financial Counseling or Advice Through a Credit Union" Says New Report
Landmark Report Shows Impact of Credit Unions' Education Efforts MADISON, Wis., Jan. 23, 2012 /PRNewswire-USNewswire/ -- Credit unions continue to make educating their members about money a top priority, with 576 credit unions that responded to a recent survey indicating they provided financial educational and counseling to 1.6 million consumers in 2010.   That's just one of the many findings from a new comprehensive report by the National Credit Union Foundation (NCUF) that illustrates how the credit union industry is improving the lives of its members through financial education and counseling.

FTC Announces $2.5 Million Fine for Unfair Debt Collection Practices
    WASHINGTON, Jan. 30, 2012  /PRNewswire/ -- The Federal Trade Commission announced a $2.5 million fine against one of the largest debt buyers in the country for using deceptive practices to collect old debts.  Asset Acceptance, LLC has agreed to inform consumers that it will not sue to collect debts that are too old to legally collect.

Bloomberg BNA's Bankruptcy Law Resource Centerâ„¢ Launched
ARLINGTON, Va., Jan. 10, 2012 /PRNewswire-USNewswire/ -- Bloomberg BNA announces the launch of the Bankruptcy Law Resource Center, a cutting-edge online platform that combines exclusive legal analysis and practice tools from the nation's leading bankruptcy law experts with renowned news coverage and comprehensive primary source information.

Twice as Many Mortgage Holders Save Rather Than Pay Down Their Debt
LONDON, January 30, 2012 /PRNewswire/ -- Despite recent research showing that overpaying on a mortgage offers better longer term rewards than saving, twice as many mortgage holders save regularly rather than pay down their debt according to new research from online bank first direct. A survey of 1022 UK mortgage holders[1] found that 42% are saving regularly - double the proportion that regularly overpay on their mortgage (21%). One reason for this could be a widespread lack of awareness among mortgage holders on the current details of their loan.