Category Archives: Credit Report Errors

Wells Fargo says hundreds of customers lost homes after computer glitch

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, […]

Senate looks to fix “broken” credit reporting system

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.

Millions of errors found within consumer credit reports

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

Equifax Data Breach

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 […]

Why Equifax will continue to profit by selling your personal information

Richard Smith

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 […]

Liens and Judgments Data: Not Gone for Good

Toy house on top of paperwork

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% […]

Cuomo Proposes Stricter Regulations for Credit Reporting Agencies

NY Governor Andrew Cuomo

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 […]

Federal Court Certifies FCRA Class in Dispute Over Content of Disclosures

Gavel and Scale

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 […]