Sentences with phrase «toward financial ruin»
Washington (CNN)-- Gov. Chris Christie offered some strong rhetoric to his colleagues from New Jersey Tuesday night, cautioning that if they don't further overhaul the state's pension system, they could set their state on a path toward financial ruin.
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The loan servicing industry's longstanding failures came into sharp focus three years ago when an analysis of consumer complaints by the federal Consumer Financial Protection Bureau found that some companies were pushing struggling borrowers toward default — which essentially ruins their financial lives — by giving them misinformation, by making it difficult for them to refinance their loans and pay lower rates, and by withholding information about affordable paymeFinancial Protection Bureau found that some companies were pushing struggling borrowers toward default — which essentially ruins their financial lives — by giving them misinformation, by making it difficult for them to refinance their loans and pay lower rates, and by withholding information about affordable paymefinancial lives — by giving them misinformation, by making it difficult for them to refinance their loans and pay lower rates, and by withholding information about affordable payment plans.