Rick Jurgens

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  bad-credit.interest.com/content/trends/index.asp - [Cached Version]
  Published on: 12/6/2007    Last Visited: 12/6/2007  

  "Utilities shouldn't direct customers to pay bills where predatory loans are pitched," says Rick Jurgens, a consumer advocate at the National Consumer Law Center.

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  www.aol.hispanicbusiness.com/news/newsbyid.asp?id=80969 - [Cached Version]
  Published on: 11/2/2007    Last Visited: 11/6/2007  

  The company spent some $160 million marketing its cards on the Internet, through mailings and by other means, said Rick Jurgens, a NCLC consumer advocate.
  
  The report blames the growth in "fee-harvester" cards on lax regulation of the financial industry and on federal statutes that pre-empt state usury laws designed to prevent abusive and predatory lending practices.Jurgens called on Congress to abolish pre-emptive statutes and to enact laws that limit credit card fees, interest rates and terms.
  
  "Congress should act to close the legal and regulatory loopholes that allow fee-harvesters and other issuers of high-cost cards to profit from low-income and vulnerable consumers," Jurgens said.
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  Jurgens told the story of Gabor Marsi of Akron, Ohio, who obtained a card from Capital One after filing for bankruptcy due to medical expenses.
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  They're now in a lawsuit with Capital One, which claims the family owes $3,500, Jurgens said.

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  www.paydayloantimes.com/2007/07/ - [Cached Version]
  Published on: 7/1/2007    Last Visited: 11/30/2007  

  "Those are the types of loans that they won't show in their commercials or glossy advertisements," says Rick Jurgens, consumer advocate for National Consumer Law Center.
  
  Jurgens first noticed the ties when he was researching some states' public utilities relationship with the quick payday loan industry.What he found was surprising.
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  "Payday lenders are often not highly capitalized companies," Jurgens says.

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  charlotte.creativeloafing.com/gyrobase/Content?oid=oid% - [Cached Version]
  Published on: 8/8/2007    Last Visited: 8/8/2007  

  "Those are the types of loans that they won't show in their commercials or glossy advertisements," says Rick Jurgens, consumer advocate for National Consumer Law Center.
  
  Jurgens first noticed the ties when he was researching some states' public utilities relationship with the lending industry.What he found was surprising.
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  "Payday lenders are often not highly capitalized companies," Jurgens says.
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  Jurgens of the National Consumer Law Center says the relationship between traditional banks and payday lenders raises larger issues.As more areas of the financial services industry are deregulated, borrowers and bank customers are left to weather the whims of the market.
  
  "It's the wild frontier out there, and there's a lot of ways to get saddled with very, very high-interest-rate loans," Jurgens says.

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  bad-credit.interest.com/bad-credit/utility_bills_payday - [Cached Version]
  Published on: 12/6/2007    Last Visited: 12/6/2007  

  "Utilities shouldn't direct customers to pay bills where predatory loans are pitched," says Rick Jurgens, a consumer advocate at the National Consumer Law Center.

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  www.paydayloansabc.com/news/July_07/nclc-banks1.htm - [Cached Version]
  Published on: 7/27/2007    Last Visited: 11/7/2007  

  Rick Jurgens, consumer advocate with the NCLC, scoffs at the connection between these banks and payday loans.Jurgens points out that these banks are highly unlikely to tout their connection with several big-time fast cash loan businesses in their glossy brochures.After all, Wachovia boasts its status as the number one bank for customer service - could it make this same claim with a straight face it if was being full honest about its payday loan ties?Jurgens does not think so.
  
  Go to part two here.

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  www.paydayloantimes.com/2007/07/do-north-carolina-banks - [Cached Version]
  Last Visited: 11/30/2007  

  "Those are the types of loans that they won't show in their commercials or glossy advertisements," says Rick Jurgens, consumer advocate for National Consumer Law Center.
  
  Jurgens first noticed the ties when he was researching some states' public utilities relationship with the quick payday loan industry.What he found was surprising.
  ...
  "Payday lenders are often not highly capitalized companies," Jurgens says.

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  www.paydayloantimes.com/2007/06/utility-customers-expos - [Cached Version]
  Last Visited: 11/30/2007  

  "Consumers depend on utilities for survival," said Rick Jurgens, an NCLC consumer advocate.

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  www.lasvegassun.com/sunbin/stories/lv-other/2007/jun/05 - [Cached Version]
  Published on: 6/5/2007    Last Visited: 6/7/2007  

  Instead, utilities should use other businesses, such as supermarkets and drug stores, said Rick Jurgens, a consumer advocate at the law center.

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  - CANHR - [Cached Version]
  Published on: 1/1/2007    Last Visited: 5/21/2009  

  Rick Jurgens, a consumer advocate with the National Consumer Law Center, said there's no question that "getting access to the wealth inside a home" is becoming increasingly important, paving the way for an increase in the use of reverse mortgages. But some people are so desperate that they want one regardless of the complexities, which makes it difficult to see if you're getting a good deal.
  
  "That," he said, "is an invitation to somebody who's not above taking advantage of people," and therein lies the danger.

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