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Tuesday, September 12, 2017

CFPB Rule Fight Forces Senators to Choose: Military Families or Big Banks

Earlier this year, the Consumer Financial Protection Bureau (CFPB) promulgated a long-awaited rule prohibiting banks and payday lenders from using forced arbitration clauses in their contracts. The rule was brought to a halt, however, by the House of Representatives--under the seldom used Congressional Review Act, an authority which enables Congress to “veto” executive-agency actions--and now faces its ultimate fate in the Senate.

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Reminder -- free credit reports

Fake emails about fake money from a fake COVID-19 fund
Banks Have No Idea Who’s Creditworthy Anymore - The Wall Street Journal
Supreme Court Orders Restructuring of Consumer-Finance Watchdog - The Wall Street Journal
FBI Warns of Potential Fraud in Antibody Testing for COVID-19

An alarming number of people are complaining about their Citi credit card accounts

"Lifelock’s Marketing Stunt Went Terribly, Laughably Wrong” by Sean Kernan

Weekly Free Credit Reports Available
What Consumers Need to Know About New Credit Reporting Protections re: Mortgage Payments
Dealing With Debt Collectors - The Video Series
How The Economic Machine Works
Major Consumer Protections Announced in Response to COVID-19 *UPDATED WITH CARES ACT*
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Major Consumer Protections Announced in Response to COVID-19
What Can You Do With Your Gym Membership If the State Shuts Down Facilities in COVID-19 Emergency Order?
Secret Service warns of scams, disinformation campaigns around spread of coronavirus
Credit repair firm settles with FTC
Supreme Court's CFPB case potentially impacts anyone with credit card debt or a mortgage

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U.S. Charges 4 Chinese Military Officers in 2017 Equifax Hack
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Experian hack exposes 15 million people's personal information
Statement of Senate Intel Vice Chair Mark R. Warner on Charges Against Chinese Spies for Hacking Equifax
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FICO Changes Could Lower Your Credit Score
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Robots Are Taking Over (the Rental Screening Process)

Which Credit Score Do Lenders Actually Use?
Equifax settles case with woman who sued after a credit file mix-up allegedly ‘destroyed’ her family’s life
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Free electronic credit monitoring coming soon to the military

Reed & Van Hollen Introduce the Consumer Credit Control Act
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We asked a hacker to try and steal a CNN tech reporter's data. Here's what happened
Google Shuts Out Payday Loans With App-Store Ban
Amex Employee Suspected of Wrongfully Accessing Customer Data to Commit Fraud
U.S. House Votes to End Forced Arbitration in Corporate Contracts

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New Trump Administration Rule Will Look at Immigrants’ Credit Histories
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Equifax exposed 150 million Americans' personal data. Now it will pay up to $700 million
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How Much Is Your Data Worth to Facebook and Google? A New Senate Bill Aims to Find Out
Your phone carrier can now block robocalls by default
Clarence Thomas Just Voted With the Liberals in a Big Consumer Rights Case. Why?
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New Bill Would Amend FCRA by Delaying Reporting of Medical Debt
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Richard Cordray to step down as head of Consumer Financial Protection Bureau
Data Breaches

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Debt Collection Was the Most Complained About Financial Service Among Older Consumers for March
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Sloppy Credit Bureaus, Sketchy Credit Doctors Slammed by Trifecta of CFPB, State AGs, and Consumer Lawyers (3/4)

Sloppy Credit Bureaus, Sketchy Credit Doctors Slammed by Trifecta of CFPB, State AGs, and Consumer Lawyers (2/4)
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Your consumer protections, on the brink of destruction in Congress
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House to vote on killing Dodd-Frank today
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Job applicants claim inaccurate background check report prevent them from finding a job
AT&T faces thousands of complaints about overcharging for services
Massive ransomware attack hits 99 countries
Wronged Wells Fargo customers are finally getting a bit of payback
House GOP’s Bill to Eliminate Nearly All Class Actions Would Encourage More Ponzi Schemes & Other Corporate Cheating
CFPB Orders TransUnion and Equifax to Pay for Deceiving Consumers in Marketing Credit Scores and Credit Products

How You Could Get $500 Per Call For Those Unwanted Messages Six Years Ago
Beware, mortgage seekers: Random, online ‘credit scores’ are not always reliable
Supervisory Highlights Consumer Reporting Special Edition Issue 14, Winter 2017
Wells Fargo Introduces Cardless ATMs
Sub prime auto loans - Auto lenders can steer vulnerable people into crushing debt
Should you give your kids access to your credit card?
Data breaches cause an increase in credit card fraud

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Held by Maryland’s Highest Court: Midland Funding
Advocates Applaud CFPB for Enforcement Action against Experian for Deceptive Marketing of Credit Scoring Products
CFPB Fines Experian $3 Million for Deceiving Consumers in Marketing Credit Scores
Credit Reports to Exclude Certain Negative Information, Boosting FICO Scores
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CFPB Oversight Uncovers And Corrects Credit Reporting Problems
Employer Commits Willful Violation of Fair Credit Reporting Act By Including Waiver In Statutorily Mandated Disclosure
By Law Consumers Are Entitled To One Free Annual Credit Report.

Credit Report Attorney: The mortgage market is now dominated by non-bank lenders
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Ninth Circuit Rules an Employer Willfully Violated the Fair Credit Reporting Act by Including Liability Waiver With the Disclosure Form

US’ largest student loan company, Navient, cheated millions, suit alleges
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U.S. fines TransUnion, Equifax for deceit over credit scores
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Medical Identity Theft

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Wells Fargo Shows Its Deepest Remorse
Credit Reports Of Debtors Off-Limits In Other Than Credit Transaction Judgments Says Rodriguez Court
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Wells Fargo is "feeling the pinch" after stealing from countless consumers. Not.
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IRS Scam Center Busted -- Wall Street Journal
Class Actions or No Action

My Presentation Next Week at the NYC Real Estate Expo
Should Wells Fargo be forced to pay what it cannot "claw back"?
Corporate corruption runs very deep
Winner: 2016 WEBAWARD FOR OUTSTANDING ACHIEVEMENT in Web Development
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Math is Racist and How Big Data Is Coming For You (Wait, It's Already Here)
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NYC Tenant Blacklists: The FCRA and Tenant Background Reports
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Credit Report Errors

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