Confirmation of President Biden’s nominee Rohit Chopra will pivot agency back to only job: protecting consumers WASHINGTON — Consumer complaints about problems with financial companies such as banks, credit bureaus and debt collectors rose by more than 50 percent in 2020 and set new records for each month of the year, according to a new […]
Reminder — free credit reports available every week, not just once a year. Know what’s reporting about you including any errors. Same website: annualcreditreport.com To dig deeper, obtain your free file disclosures from the many specialty consumer reporting agencies: https://lnkd.in/gJfZbHt
Because of COVID-19, unemployment rates are high and many people’s cash flows are low. Scammers view these as ripe conditions to strike. They’ll stop at nothing — not even a pandemic — to trick you into sharing your personal or financial information. That includes pretending to be a government official from the Federal Trade Commission […]
Prepandemic, deferrals weren’t much of a problem for banks. They were used rarely for most types of consumer debt and were usually confined to areas hit by natural disaster. Now, a staggering number of consumers around the U.S. are in deferral or other repayment programs, leading banks to question whether the credit scores and reports […]
https://www.wsj.com/articles/supreme-court-orders-restructuring-of-consumer-financial-protection-bureau-11593441215 The court rejected broader legal arguments that it should strike down the bureau—which was designed to protect consumers from abusive financial-industry practices on products like mortgages, student loans and credit cards—altogether.
ID theft comes in all flavors. If you believe your personal identifier information has been compromised, visit annualcreditreport.com for free credit reports or purchase your credit reports and scores at myfico.com (for each of the three bureaus Equifax, Experian, and TransUnion). Scammers are marketing fraudulent and/or unapproved COVID-19 antibody tests, potentially providing false results. In […]
Problems with Citi or Synchrony bank credit cards? If inaccurate credit reporting is involved, our firm may be able to help. https://www.cnn.com/2020/06/24/business/citi-credit-card-complaints-cfpb/index.html An alarming number of credit card borrowers hurt by the coronavirus recession are complaining that Citibank is treating them unfairly. Citi (C) accounted for nearly 37% of pandemic-related complaints to regulators about credit […]
https://link.medium.com/zCLWzOure6 Our firm represents ID theft victims to address the credit report fallout. He proposed a bold campaign idea that would put him and his own privacy front and center. His subordinates advised against it, saying it was too risky. But Todd does what Todd intends to do.
CARES Act § 4021 provides less than minimal protections regarding credit reporting. From January 31, 2020 until 120 days after the end of the national state of emergency, if a creditor has made an accommodation (such as a forbearance or workout) for a consumer pursuant to the state of emergency, the creditor shall report that […]
Free credit reports usually come once a year. Hence the website name www.annualcreditreport.com Good news — consumers can now obtain their credit reports from Equifax, Experian, and TransUnion on a weekly basis from annualcreditreport.com. This is the free site authorized by the federal Fair Credit Reporting Act.