Coerced Debt: What Divorce Professionals Need to Know About Proposed Changes for Victims of Domestic Financial Abuse

The Consumer Financial Protection Bureau (CFPB) has issued an advance notice of proposed rulemaking that could bring critical changes for survivors of domestic financial abuse, particularly concerning coerced debt. This proposal presents an opportunity to enhance protections for victims, and as divorce professionals, it’s essential to stay informed on these developments as they may directly impact your practice.

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Don't Underestimate a Credit Report

As an attorney, I handle numerous discovery requests in my cases, yet it’s rare for anyone to request a client’s credit report. Overlooking this critical document is a missed opportunity for Certified Divorce Financial Analysts (CDFAs) to gain valuable financial insights. Both your client’s credit report and the opposing party’s report can reveal essential details that are often pivotal in divorce cases.

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