Pension Advance Firms Cheat Retirees: U.S. Lawsuit

via Reuters.com By Jonathan Stempel, Reuters.com, August 20, 2015 U.S. regulators on Thursday filed a lawsuit accusing two companies of preying on retirees and military veterans by advancing high-cost loans disguised as pension advances, jeopardizing victims’ retirement savings. The lawsuit against Pension Funding LLC and Pension Income LLC was brought by the U.S. Consumer Financial Protection Bureau and the New York State Department of Financial … Continue reading Pension Advance Firms Cheat Retirees: U.S. Lawsuit

Christopher Becker

Call to Justice Awards Spotlight: Christopher Becker

Elder Law of Michigan (ELM) is proud to host the Joe D. Sutton Call to Justice Awards. The Call to Justice Awards honor those individuals and organizations that have made significant contributions to the fields of law and aging. Leading up to the awards, ELM will be sharing what our honorees have to say first-hand about their experiences in the fields of law and aging. Christopher Becker, honoree at … Continue reading Call to Justice Awards Spotlight: Christopher Becker

Louisville Teachers File Federal Lawsuit Against State Over Underfunded Pensions

Via Kycir.org, By James McNair, Kycir.org August 24, 2015 Foiled in state court, a Jefferson County Public Schools teacher filed a federal court suit Monday claiming the Kentucky Teachers’ Retirement System illegally raised teachers’ share of pension contributions to shore up a retirement plan that is only half-funded. Randolph “Randy” Wieck, a history teacher at DuPont Manual High School, launched the legal battle last November … Continue reading Louisville Teachers File Federal Lawsuit Against State Over Underfunded Pensions

Regulators Sue 2 Companies Making Loans Against Pensions

Via Kswo.com, By Marcy Gordon, Kswo.com August 2015 Federal and New York regulators have sued two companies that make loans against retirees’ pensions, saying they deceived consumers about the high rates of the loans. Regulators say that the companies, Pension Funding LLC and Pension Income LLC, used deceptive marketing tactics to target the pensions of seniors and military personnel. The U.S. Consumer Financial Protection Bureau … Continue reading Regulators Sue 2 Companies Making Loans Against Pensions

Mrs. Sylvia Scales

Client Letter – HRCMI Made My Dream Come True

Elder Law of Michigan recently received a letter from Mrs. Sylvia Scales, a client who received assistance with her Step Forward Application from the Housing Rights Center of Michigan (HRCMI), a program of ELM. With the funds provided by Step Forward, Mrs. Scales was able to catch up on her taxes, preventing foreclosure on her home. Mrs. Scales asked that we share what she had to say … Continue reading Client Letter – HRCMI Made My Dream Come True

CAPS – Certified Aging in Place Specialist

by Karen Flores, J.D., Hotline Attorney It is no surprise that most people would prefer to live in their own home as they age rather than relocate to Assisted Living or a Long Term Care facility. Many homes, however, were not designed or built to accommodate the changing physical needs of the aging. In order to promote independent living and aging in place, the National … Continue reading CAPS – Certified Aging in Place Specialist

Illinois Court Strikes Down Chicago Pension Reforms, Deepening City’s Financial Crisis

Via Cadwalader.com, By The Associated Press, Cadwalader.com, July 29, 2015, On July 24, 2015, Judge Rita M. Novak of the Circuit Court of Cook County, Illinois struck down recently enacted legislation designed to shore up two of the City of Chicago’s severely underfunded pension plans by, among other things, reducing benefits.1  Judge Novak viewed as controlling a decision by the Illinois Supreme Court from May … Continue reading Illinois Court Strikes Down Chicago Pension Reforms, Deepening City’s Financial Crisis