Category Archives: Credit Report Errors

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 […]

What Consumers Need to Know About New Credit Reporting Protections re: Mortgage Payments

cares act

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 […]

Equifax settles case with woman who sued after a credit file mix-up allegedly ‘destroyed’ her family’s life

NY Consumer Law – NY Credit Report Errors Attorney

A separate “mixed file” case against Equifax went to trial in 2013 and ended with a $18.6 million jury award. The sum was reduced to $1.62 million in damages and $300,000 in legal fees during post-trial proceedings. During that trial, an expert for Equifax testified mixed files could happen in 1% to 2% of all […]

This woman says Equifax mixed up her father’s credit report and ‘destroyed’ his life — and now she hopes to convince a jury

Equifax Dicussion

James Rennick was in desperate need of money to help his ailing wife, but an incorrect credit report stood in his way, this lawsuit alleges https://www.marketwatch.com/story/this-woman-says-equifax-mixed-up-her-fathers-credit-report-and-destroyed-his-life-now-she-hopes-to-convince-a-jury-2019-10-25

How to opt out of arbitration for the new Apple Card (and why you’d want to)

Apple Card

Goldman Sachs and Apple have included an arbitration provision in the Apple Card customer agreement. It basically means you can’t join a class action lawsuit against either company, experts said. Customers can also easily opt-out of arbitration — here’s how you do it.  https://www.cnbc.com/2019/08/21/apple-card-arbitration-agreement-how-to-opt-out.html

Helping consumers with credit report errors is the core of our practice.

Credit Report

https://www.bankrate.com/personal-finance/credit/credit-report-mistakes-errors/ The Federal Trade Commission conducted a study which found that one in five consumers discovered mistakes on at least one of their credit reports that might impact their credit scores. However, many (perhaps most) of the errors on credit reports aren’t actually caused by the credit bureaus themselves. Rather, data furnishers like banks, creditors and collection […]

Maxine Waters proposes consumer-friendly overhaul of credit reporting industry

speech bubble

The heads of the three leading credit reporting companies heard bipartisan criticism as Waters, the veteran Los Angeles Democrat, launched her first major legislative initiative as chairwoman of the Financial Services Committee. “To credit reporting bureaus, consumers aren’t consumers. They are commodities,” Waters said, adding that dissatisfied Americans can’t just take their business to another company. […]

Equifax data breach was a year ago – what has DC done about it?

https://www.cbsnews.com/news/equifax-data-breach-was-a-year-ago-what-has-dc-done-about-it/ What should consumers do? Get your credit reports at AnnualCreditReport.com. By federal law, consumers can get a free copy of their credit report every 12 months from each of the three big agencies — Equifax, Experian and TransUnion. Examine all your listed accounts and loans to make sure that the personal information is […]

D.C. was up in arms over Equifax breach — what happened?

“There has been little to no action in Congress that relates to the Equifax data breach or enacting legislation which creates future remedies or legislation designed to prevent such massive data breaches,” said Jim Francis, an attorney at Francis & Mailman, a firm that focuses on consumer protection litigation.  https://www.americanbanker.com/news/dc-was-up-in-arms-over-equifax-breach-what-happened  Visit annualcreditreport.com for free credit reports […]

FBI warns banks about potential ATM hacking scheme

The FBI is warning financial institutions that their ATMs could be targeted in a hacking attempt. The threat was reported Sunday by Krebs On Security, a popular cybersecurity blog run by the journalist Brian Krebs. Krebs reported that the scheme is known as an “ATM cash-out,” which means the attackers can hack a bank or […]