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Lee Gilley is a lawyer at Bradley Arant Boult Cummings law firm in their Birmingham office. Lee represents financial institutions and payment systems providers in matters related to compliance with the Card Act, ECOA, EFTA, FCRA, FDCPA, GLBA, HPA, RESPA, TILA, TCPA, CFPB regulations, and more.
KXLY May 6, 2021 2:23 PM Erin Hurd Posted: Updated: Getty Images Starting a new business can be thrilling and rewarding. But the road from idea to reality can also be long and tough — especially for entrepreneurs who face credit struggles. Here are the stories of three now-successful entrepreneurs, how they got their credit on track, and the lessons they learned. From prison to business launch When Teresa Hodge was released from federal prison after serving a term of about five years, she knew she would face significant challenges as she re-entered society. But one problem that wa...
WBGZ Radio 2/23/2021 | By Mark Ellebracht - WBGZ Radio Republican State Representative Amy Elik of Fosterburg is sponsoring legislation that repeals the FOID card and reduces the fee for a concealed carry license in Illinois. Elik said during her campaign that it was wrong that Illinois was one of four states that charged residents for the Constitutional right to bear arms. Elik told the Big Z in a recent interview it was one of the main topics she’s heard about from people in her district. She said the other issue with FOID is that the state is mandating it but can’t keep up with de...
Antonio spurs 109-93. the series is now tied at two games apiece. turning now to your money, younger americans are taking a look at those credit card application and they are saying no thank you, opting instead for debit carts or prepaid credit cards. christine romans is following the trend in new york. christine, this is interesting, because i remember when i was in college, that's where i got my first credit card, and you were kind of all the time you had credit card companies trying to get you to apply. why is this group different? >> congress short of shut that down, too, remembered with...
The new report from fico shows among 18 to 29-year-olds 16% of them don't have a credit card. that has doubled since the recession. young people are dealing with high unemployment and student loans. they're also delaying big purchases like cars and homes. another factor, the emergence of prepaid cards, the cards that require you to have the money first before you spend it. also the card act of 2010 passed by congress requires anyone under the age of 21 to have a co-signer on a credit card if they don't earn enough money to make full payments. the pullback means credit scores for 18 to 29-year-...