Shlachter, Nishimura & Baker

Thursday, Jul. 31, 2014

Harassing phone calls over ACE Cash Express payday loan finally end

Richard Brooks’ phone isn’t ringing as often. And for that he’s thankful.

For two years, Brooks, 77, had been getting one or two harassing calls a week about an unpaid $500 payday loan extended by Irving-based ACE Cash Express. It had been taken out by someone named Sondra Brooks who used his North Richland Hills address as her own. An apparent case of identity theft. Read more

The Savvy Consumer

Friday, Jul. 25, 2014

New rules on reverse mortgage designed to make loans safer for elderly

New rules rolled out by the U.S. Department of Housing and Urban Development (HUD) over the next couple of months will make reverse mortgages for senior citizens safer.

Starting Aug. 4, reverse mortgages backed by the HUD, which is about 98 percent of the market, will be required to have the names of both spouses on the mortgage. Read more

Personal Finance Center