Freedom Stores to provide over $2.5 million in refunds and penalties

CFPB_2tone_Horiz400The Consumer Financial Protection Bureau (CFPB) and the Attorneys General of North Carolina and Virginia took action today to protect military servicemembers from illegal debt collection practices. The CFPB alleges that Freedom Stores, Inc., Freedom Acceptance Corporation, and Military Credit Services LLC used illegal tactics to collect debts, including filing illegal lawsuits, debiting consumers’ accounts without authorization, and contacting servicemembers’ commanding officers. The CFPB and the states filed a consent order in federal court to require the three companies and their owners and chief officers, John Melley and Leonard Melley, Jr. to provide over $2.5 million in consumer redress and to pay a $100,000 civil penalty.

Read the full article on the Consumer Financial Protection Bureau’s web site at: http://www.consumerfinance.gov/blog/freedom-stores-to-provide-over-2-5-million-in-refunds-and-penalties/

Are You Tracking Santa This Year?

If you have little ones (or big ones) at home that will be looking for Santa this Christmas Eve, you can log on to the official Santa Tracker to follow his progress through U.S. military radar.

NoradLogoNational Public Radio had a great story this morning on why for more than 50 years, NORAD and its predecessor, the Continental Air Defense Command (CONAD) have tracked Santa’s flight. The children of Col. Harry Shoup, commander of the CONAD in 1955, talk about how their dad helped to create the U.S. military’s Santa Tracker.

Visit NPR.org via the link below to hear their story:

NORAD’s Santa Tracker Began With A Typo And A Good Sport

Trees for Troops 2014

ellsworthafrc:

Remember that Trees for Troops is this Friday, 5 December!

Originally posted on Airman & Family Readiness Center:

TreesforTroops2014_400It’s that time of year again for Trees for Troops! You can pick up your FREE tree from Outdoor Recreation starting Friday, December 5th. First come, first served!

If you are a spouse of a deployed servicemember, you have first pick from 2:00 to 3:00 PM on December 5th.

For more information, please call Outdoor Recreation at 385-2997.

View original

Looking for an effective way to establish a budget?

10277755_10152758914789727_1432378290758667056_nBeginning on the first day of a new month, get a receipt for everything you purchase. Save and review receipts at the end of the month.

Categorize each expenditure (i.e. groceries, dining out, auto fuel, clothes, etc.) and then total up each category. You will clearly be able to see where your money is going!

According to MilitarySaves.org, 33% of Americans spend more than they earn. The first step to eliminating debt is to stop borrowing & make a budget.

If you have Microsoft Excel, you can use our budget spreadsheet to enter those expenditure categories, your income information from your LES, and your bills for debt (credit cards & loans). Before you know it you have built a report of your finances for that month and can adjust your spending to create a future budget.

Visit our Budgeting Page for a link to our budget spreadsheet and information on recommended spending ratios.