Ask Ms. Ps & Qs

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Critical Case Comment

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College May Keep Tuition Money Paid by Bankrupt Parents, Judge Rules

By Katy Stech Updated Aug. 11, 2016 7:50 p.m. ET

Sacred Heart University can keep money in bankruptcy of Steven and Lori Palladino tied to Ponzi scheme

A federal bankruptcy judge ruled that Sacred Heart University can keep roughly $65,000 in tuition money in a legal battle that’s grown more common as the . . . → Read More: College May Keep Tuition Money Paid by Bankrupt Parents, Judge Rules

Critical Case Comment

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From the Editor - Property of Estate

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From the Editor - Property of Estate

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Tax Professionals: Monitor Your PTIN for Suspicious Activity

Tax preparers can help protect clients and their businesses from identity theft by checking their PTIN Accounts to ensure the number of returns filed using their identification number matches IRS records.

Criminals are increasingly targeting tax professionals, not only to steal client data but also to steal the professionals’ data such as PTINs, . . . → Read More: Tax Professionals: Monitor Your PTIN for Suspicious Activity

New Phishing Scheme Mimics Software Providers; Targets Tax Professionals

WASHINGTON — The Internal Revenue Service today alerted tax professionals to an emerging phishing email scam that pretends to be from tax software providers and tries to trick recipients into clicking on a bogus link. The email scheme is the latest in a series of attempts by fraudsters to use the IRS or other . . . → Read More: New Phishing Scheme Mimics Software Providers; Targets Tax Professionals

National Consumer Law Center Statement on the CFPB’s Revised Mortgage Servicing Rule

FOR IMMEDIATE RELEASE: AUGUST 4, 2016

(WASHINGTON) “Today, by finalizing revised mortgage servicing rules, the CFPB has taken an important step toward improving protections for distressed borrowers,” said John Rao, staff attorney at the National Consumer Law Center. “Many homeowners will find it easier to save their homes from foreclosure because of these new . . . → Read More: National Consumer Law Center Statement on the CFPB’s Revised Mortgage Servicing Rule

Consumer Financial Protection Bureau Expands Foreclosure Protections

Consumer Financial Protection Bureau Expands Foreclosure Protections Updated Servicing Rule Provides Surviving Family Members and Other Homeowners with Same Protections as Original Borrowers

FOR IMMEDIATE RELEASE: August 4, 2016

WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today finalized new measures to ensure that homeowners and struggling borrowers are treated fairly . . . → Read More: Consumer Financial Protection Bureau Expands Foreclosure Protections