Category Archives: Consumer Financial Protection Bureau (CFPB)

Study: CFPB complaints shattered records in 2020, exposing how the COVID-19 pandemic battered consumer finances

Credit Report Errors Attorney - COVID-19 Finance Study

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 […]

Supreme Court’s CFPB case potentially impacts anyone with credit card debt or a mortgage

CFPB Protesters

If Kavanaugh maintains his position and finds four colleagues to join him, it is hard to see how any of the decisions the agency has made over almost a decade could stand. For instance, the CFPB has helped to reduce high late-fees on credit cards, undisclosed credit card fees and sharp interest rate hikes. It has also […]

Trump is systematically backing off consumer protections, to the delight of corporations

President Donald Trump

Agencies under President Trump’s executive discretion have taken a laid back approach to consumer protections relative to previous administrations. The Washington Post writes: “At the [CFPB], for example, enforcement actions have dropped from an average of three-to-five each month during the past four years down to zero since a Trump appointee took charge of the […]

Consumer Finance Protection Bureau Probes Equifax

 The Consumer Financial Protection Bureau has put a full-scale probe of how Equifax (NYSE:EFX) failed to protect the personal data of some 143M Americans on ice, sources told Reuters. The effort has sputtered since Mick Mulvaney was named director in November, raising questions about how he will police a data-warehousing industry that has enormous sway […]

CFPB Fines Xerox for Furnishing Incorrect Information to Credit Reporting Agencies

https://www.acainternational.org/news/cfpb-fines-xerox-for-furnishing-incorrect-information-to-credit-reporting-agencies   Contact us immediately if you discover any unfamiliar entries on your credit report.  We represent consumers on contingency to obtain a permanently corrected report and, in many cases, compensation for violations of the federal Fair Credit Reporting Act.

Uber was hacked in 2016, and data on 57 million people was exposed

http://money.cnn.com/2017/11/21/technology/uber-hacked-2016/index.html Contact us immediately if you discover any unfamiliar entries on your credit report.  We represent consumers on contingency to obtain a permanently corrected report and, in many cases, compensation for violations of the federal Fair Credit Reporting Act. https://nyconsumerlaw.com/lawyer/Identity-Theft_cp16179.htm