Lee Legal keeps abreast of the local economy in Virginia, Maryland, and Washington, D.C. so you benefit from current developments. Lee Legal examines the legal and financial big picture to determine what options are best for you.

From income inequality to minimum wage to personal finance issues, we want you to feel comfortable with the solutions we present. Context is important.

Fannie Mae, Ginnie Mae and Freddie Mac: What Do They Do?

December 7, 2016 Brian V. Lee

Fannie Mae, Ginnie Mae and Freddie Mac are government-sponsored enterprises (GSEs). The U.S. Congress created these corporations to reduce cost and increase availability of credit to targeted borrowing sectors. GSEs enhance the flow of money between private lenders and investors. [ . . . ]

The Debt Snowball and the Debt Avalanche

November 23, 2016 Brian V. Lee

I periodically review debt management books to see if there are any new methods that might be useful to my clients. I just finished the book Dear Debt: A Story About Breaking Up with Debt by Melanie Lockert. The book [ . . . ]

The Debt Buying Industry

October 27, 2016 Brian V. Lee

Delinquent debt has given rise to an entire debt buying industry. When a debt becomes seriously delinquent, the bank holding the debt will write it off then sell it to a debt buyer, like Midland Funding, for a tiny fraction of [ . . . ]

American Employees: Consumers or Costs?

August 22, 2016 Brian V. Lee

Henry Blodget, CEO of business news site Business Insider, recently published a blog titled Time for a Better Capitalism. The article examines how U.S. corporations think of American employees as “costs,” instead of as consumers. Blodget claims that shift has, over time, fundamentally changed [ . . . ]

Income Inequality and Income Mobility Go Hand in Hand

August 15, 2016 Brian V. Lee

I have previously written about the stunning state of income inequality in America. Two necessary ingredients of Americanism — meritocracy and momentum — are missing in America today. This article looks the relationship between income inequality and income mobility. We define income inequality as [ . . . ]

Washington DC Area Tops List for CFPB Complaints Nationwide

May 28, 2016 Brian V. Lee

As of March 1, 2016, the Consumer Financial Protection Bureau (CFPB) handled approximately 834,400 complaints, including approximately 22,800 complaints. The Washington, DC area has three of the top seven jurisdictions for CFPB complaints per capita. By a wide margin, Washington, [ . . . ]

The Credit Bureaus Have Too Much Power

April 19, 2016 Brian V. Lee

Have you seen John Oliver’s take on the Big Three credit bureaus, TransUnion, Equifax, and Experian? The credit bureaus have too much power, and we must more regulate the credit reporting industry. This is especially true since all three bureaus [ . . . ]

Happy Equal Pay Day from Lee Legal

April 12, 2016 Brian V. Lee

The United States celebrates Equal Pay Day today. The purpose of the day, which was first observed in 1996, is to mark how long women must work to earn what men earned in the previous year. On average, a woman [ . . . ]

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