Here is a summary of the New Real Estate Settlement Act and Truth in Lending Act that take effect in 2014: Consumers must be provided with a periodic statement showing information on the payment due and the application of past payments. If a consumer is 45 days or more delinquent they are required to receive…

President Obama’s remarks about student loans during his State of the Union address ring true for millions. The President’s succinct message about the massive burden posed by student loans to millions of Americans was spot on: Cap student loan payments at ten percent of the borrowers monthly income. A similar proposal was presented by Senator…