Can You be Arrested for Debt?

Debtors’ prison is not supposed to be something you have to worry about in the United States these days. The practice of sending people to jail over unpaid debts was abolished in the U.S. over two centuries ago. So while you can be sued over an unpaid debt in civil court, there shouldn’t be any […]

Continue Reading

23 Things Debt Collectors Are Not Allowed To Do

Though it sometimes seems like debt collectors will try anything, even impersonating Ed McMahon, to their money, the law actually puts some pretty strict limits on what these people and companies can and can’t do.   From pretending to be police or attorneys to calling you at all hours of the night to trying to tack […]

Continue Reading

Americans could lose passports if ‘seriously delinquent’ on taxes

Americans who are behind on their taxes could be denied a passport, or even have theirs revoked, unless they enter into a payment agreement — a radical step that forms part of a crackdown on delinquent tax debt legislated by Congress. The IRS announced last month that it is beginning implementation of procedures aimed at […]

Continue Reading

US court allows ‘sewer service’ debt collection class action

A divided federal appeals court in New York allowed more than 100,000 potential plaintiffs to pursue class action litigation accusing Leucadia National Corp and a law firm of fraudulently cutting corners to win default judgments in debt collection cases. Tuesday’s 2-1 decision by the 2nd U.S. Circuit Court of Appeals came after the U.S. Consumer […]

Continue Reading

U.S. Courts Jailing Thousands over Civil Debts ‘Without Due Process,’ ACLU Says

Thousands of people are being arrested and jailed each year because of outstanding civil debts, despite the United States banning debtors’ prisons nearly 200 years ago, according to a new report from the American Civil Liberties Union. An estimated 77 million Americans have debt that has been turned over to a private collection agency, the ACLU claims. The union […]

Continue Reading

Is Spotify getting ready to challenge Apple with its own speaker?

Spotify is working on a line of “category defining” hardware products and is ready to start setting up the manufacturing process. The streaming music company intends to create a hardware category “akin to Pebble Watch, Amazon Echo, and Snap Spectacles”, according to job adverts posted over the past year. One ad for a senior product manager, posted […]

Continue Reading

Ethereum Founder Vitalik Buterin Warns That Cryptocurrencies Could Drop to ‘Near-Zero’

Vitalik Buterin, the co-founder of the Ethereum blockchain and its associated cryptocurrency, does not want people throwing their life savings into virtual coins just yet. “Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time,” he tweeted this weekend. “Don’t put in more money than you can afford to […]

Continue Reading