Predatory Lending: Your Rights

Predatory Lending: Your Rights

by | Dec 21, 2012 | Bankruptcy, Foreclosure, Handling Debt

Federal law protects consumers from illegal mortgage lending practices. In 2010, as part of the Dodd-Frank Act, the federal government created The Consumer Financial Protection Bureau. The Consumer Financial Protection Bureau was given the task of protecting consumers from predatory lending, and other potentially misleading practices engaged in by banks and other lenders. If you believe that you have been a victim of predatory lending, you can report your concerns to the Consumer Financial Protection Bureau. Complaints can be filed online at:

Predatory Lending and Foreclosure

While predatory lending may be one reason that a person is facing foreclosure, there are other reasons. If you are facing foreclosure because of loss of income, unexpected medical expenses, or your other debts have drained your ability to make your mortgage payments, you may want to consider speaking with a qualified bankruptcy lawyer about your options. Many people would be surprised to know what can be accomplished through bankruptcy. Oftentimes, you can keep your home and car, while still discharging a majority of your debt.

Chapter 7 and Chapter 13 bankruptcy both offer a means of keeping your home and other possessions. Find out more about filing Chapter 7 or Chapter 13 by contacting the Cherney Law Firm.

Matthew Cherney


At Cherney Law Firm LLC, clients can expect the highest quality legal representation alongside thoughtful counseling and attention to detail. Mr. Cherney dedicates his time to properly investigating every possible avenue of debt relief for his clients before simply stepping into bankruptcy. Seeking to make each consumer that comes to him for legal aid as comfortable as possible, he keeps his clients in the loop with every step he takes.

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You may call us directly at 770-485-4141, or you can fill out the form and we will contact you. Feel free to ask us any questions that you might have. Make sure to indicate whether you would like an e-mail or a call back

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