4 laws that protect your credit rights

In matters pertaining to credit, do you feel like it’s you against the world? Sometimes we all feel that way, but in reality, there are rules and regulations to help protect you against credit discrimination, abuse, or improper handling of your information. Consider these four important laws that help protect your credit rights.  http://www.ksdk.com/money/4-laws-that-protect-your-credit-rights/387019151 […]

How the law protects you and your credit

In matters pertaining to credit, do you feel like it’s you against the world? Sometimes we all feel that way, but in reality, there are rules and regulations to help protect you against credit discrimination, abuse, or improper handling of your information. Consider these four important laws that help protect your credit rights.  http://theweek.com/articles/677173/how-law-protects-credit […]

US’ largest student loan company, Navient, cheated millions, suit alleges

Federal regulators have sued Navient, accusing the biggest U.S. student loan company of making it harder for borrowers to repay loans by giving them bad information, processing payments incorrectly and failing to act on complaints. The Consumer Financial Protection Bureau filed the federal lawsuit against Navient Corp. and two subsidiaries on Wednesday, seeking restitution […]

Americans can’t afford to lose Richard Cordray or the CFPB

In its five years as an agency, the CFPB has recovered more than $11 billion for 27 million consumers harmed by illegal practices of financial institutions. The bureau has secured relief in more than 100 cases, directly putting money back in the pockets of American consumers who have been victimized by companies that refuse […]

Free Credit Score? Not Necessarily. Credit Bureaus Busted for Deception

Consumers should know there is no completely free place to get your literal FICO credit score. Zero. But you are entitled to get one free credit report each year from each of the three bureaus at annualcreditreport.com. Online sites CreditKarma and CreditSesame will give free credit scores based on one of the three bureaus reports […]

Wells Fargo Killing Sham Account Suits by Using Arbitration

In congressional hearing rooms and on national television, Wells Fargo has vowed to make things right for the thousands of customers who were given sham accounts. The bank’s new chief executive, Timothy J. Sloan, in his first week on the job, said his “immediate and highest priority is to restore trust in Wells Fargo.” But in […]

Will Trump Cave to Wall Street Pressure & Fire CFPB Chief in a Nixonian Saturday Night Massacre?

The people who would like to see large banks unleashed, without any meaningful regulation, want Donald Trump to fire Rich Cordray, the terrific director of the Consumer Financial Protection Bureau, or CFPB. Under the law, Trump could only remove Cordray for “inefficiency, neglect of duty, or malfeasance in office.” Banking lobbyists, who are leading the […]

U.S. fines TransUnion, Equifax for deceit over credit scores

A U.S. regulator on Tuesday ordered credit reporting agencies TransUnion and Equifax to pay more than $23.2 million in fines and restitution for deceiving consumers about the usefulness and cost of credit scores they bought. The U.S. Consumer Financial Protection Bureau said the payments also resolve charges that TransUnion and Equifax lured consumers into enrolling in credit services […]

Medical Identity Theft

http://www.cnbc.com/2016/11/08/how-to-protect-yourself-from-medical-identity-theft.html Is your most sensitive information protected in the hands of your health care provider?  How well is it protected? When identity theft takes a toll on your credit report, know your rights under the Fair Credit Reporting Act.  The statute entitles you the “maximum possible accuracy” of the information contained in your credit […]

WHAT YOU SHOULD KNOW ABOUT MAINTAINING YOUR CREDIT SCORE

Most people know that maintaining their credit score in good standing is crucial to their financial health. After all, their credit score can have a significant impact on many aspects of their life. Credit scores can affect a person’s ability to buy a home, car, insurance, and may even affect their ability to obtain […]