https://money.cnn.com/2018/08/04/news/companies/wells-fargo-mortgage-modification/index.html Wells Fargo said the computer error affected “certain accounts” that were undergoing the foreclosure process between April 2010 and October 2015, when the issue was corrected. About 625 customers were incorrectly denied a loan modification or were not offered one even though they were qualified, according to the filing. In about 400 cases, […]
Category Archives: Credit Report Errors
https://www.housingwire.com/articles/46049-senate-looks-to-fix-broken-credit-reporting-system Sen. Brian Schatz, D-Hawaii, pointed out that 5% of credit reports contain confirmed material errors, affecting about 10 million people. What’s more, Schatz pointed out that even two years after the errors were found, 84% of those remained on the credit reports.
Credit remains more important than ever. Be sure your credit reports are accurate — it’s your right under federal (and New York) law. https://money.cnn.com/2018/05/22/pf/emergency-expenses-household-finances/index.html
Was your information exposed in the latest data breaches at Lord & Taylor, Saks Fifth Avenue, Saks OFF 5TH, or Under Armour’s MyFitnessPal? If so, here are some steps to take. https://www.consumer.ftc.gov/blog/2018/04/breaches-lord-taylor-saks-myfitnesspal?utm_source=govdelivery
According to a report released by U.S. Sen. Bill Nelson (D-FL) Friday, consumer credit reports are riddled with tens of millions of errors annually. https://financialregnews.com/millions-errors-found-within-consumer-credit-reports-according-sen-nelson/ Visit annualcreditreport.com for free credit reports. Contact us immediately if you discover any unfamiliar entries on your credit report and suspect your identity has been stolen. We represent consumers on contingency […]
Data breaches are a common source of identity theft and can devastate your credit score. Check your credit reports for free at annualcreditreport.com 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 […]
Equifax’s former CEO is testifying before Congress this week. In spite of the potential for great harm to consumers, industry-insiders expect little regulatory change in the wake of Equifax’s breach. The fact that credit is such an integral piece of the economy, generally—and the degree to which the economy relies upon a functioning credit reporting […]
Until recently, mortgage lenders could access the lien and judgment history of potential borrowers through a borrower’s credit report. The national credit reporting agencies (NCRAs), TransUnion, Equifax, and Experian, did such a poor job of keeping reliable records on liens and judgments—Social Security numbers were missing from roughly 50% of tax lien records and 96% […]
NY Governor, Andrew Cuomo, announces new regulations for credit reporting agencies. Referring to July’s Equifax breach as “a wake-up call,” Cuomo said that NY will hold the credit industry to the same scrutiny as banks and other financial industries who do business in the state. Credit reporting agencies will be required to register with the […]
In Graham v. Pyramid Healthcare Solutions, Inc., 2017 WL 2799928 (M.D. Fl. June 28, 2017), the plaintiff alleged that the employer utilized an FCRA disclosure that contained extraneous information in violation of the law’s standalone disclosure requirement. The employer’s disclosure improperly included: (i) the logo of the consumer reporting agency; (ii) blank lines for “Organization […]