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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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What to Know About the Facebook Data Leak - The Wall Street Journal.

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Supreme Court Orders Restructuring of Consumer-Finance Watchdog - The Wall Street Journal

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

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What to Know About the Facebook Data Leak - The Wall Street Journal.

Why the Pandemic May Be Hurting Your Credit Score- Consumer Reports
Free Weekly Credit Reports Available Now!
Study: CFPB complaints shattered records in 2020, exposing how the COVID-19 pandemic battered consumer finances

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

Clearview AI has billions of our photos. Its entire client list was just stolen
U.S. Charges 4 Chinese Military Officers in 2017 Equifax Hack
1 in 3 consumers fear they will max out a credit card
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
Chinese Hacking Is Alarming. So Are Data Brokers.
Justice Department indicts four members of China’s military for Equifax hack
Tax Identity Theft Awareness Week starts today
Man surprised to receive over 50K letters saying same thing

Why Your Credit Score Could Drop
FICO Changes Could Lower Your Credit Score
Average FICO score hits record high—here’s the average credit score in every state

Adam Singer, Esq.: Today's Verdict Interview
'Social credit score': China set to roll out 'Orwellian' mass surveillance tool
How to get a free credit report
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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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Hairdresser, Plumber, Lawyer: A Job License Could Help You Get a Loan
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Free electronic credit monitoring coming soon to the military

Reed & Van Hollen Introduce the Consumer Credit Control Act
Frank W. Abagnale, famed Con Artist, explains the Equifax data breach - Big Think
N.J. is being sued over new law requiring credit reports in Spanish, 10 other languages
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

Equifax Doesn’t Want You to Get Your $125. Here’s What You Can Do.
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Facebook listening to voice chats, paying contractors to transcribe them
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Capital One breach exposed bank data for the most financially vulnerable customers
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Congress should follow California's lead in protecting consumers
Equifax garners the most complaints in 2017
Equifax to Pay at Least $650 Million in Largest-Ever Data Breach Settlement
Equifax exposed 150 million Americans' personal data. Now it will pay up to $700 million
Elderly robocall scam victim committed suicide after 'fraudsters' stole life savings
FTC Announces Final Rule Implementing Law Providing Free Credit Monitoring for Active Duty Military Consumers
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What everyone should know about employer background checks

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
NY bill would bar facial recognition programs for landlords
Helping consumers with credit report errors is the core of our practice.
Jury returns $2 billion verdict against Monsanto for couple with cancer -- the biggest so far
Rising Rents for Millennials Give Rise to a New Breed of Lender
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Identity Theft Protections for Minors Signals New Area of Privacy Obligations for Companies
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Wells Fargo CEO Tim Sloan steps down suddenly CNN Digital Rebranding 2014 Matt Egan
New federal law allows consumers to freeze credit
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Equifax CEO testifies company took security seriously before its massive breach in response to scathing Senate report
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Getting Into the 800 Credit Score Club Is Tough—Staying in Is Tougher

Maxine Waters proposes consumer-friendly overhaul of credit reporting industry
The Equifax breach affecting nearly half of Americans was “entirely preventable”
To Raise Your Credit Score, Start by Understanding It
How To Find Out What's On Your Background Check

Equifax wants judge to reject suits by banks
Data Breach Exposes Millions of Loan Documents Online
Why Big Tech Wants Access to Your Medical Records
USAA to Pay $12 Million in Restitution to Customers, $3.5 Million Fine

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A high credit score can save you thousands of dollars—here are 2 of the simplest ways to increase yours in 2019
Stop The Onslaught Of Credit Card Offers
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Thieves Can Now Nab Your Data in a Few Minutes for a Few Bucks
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Wells Fargo blames "calculation error" after hundreds lose homes to foreclosure
Data Breach at Question-and-Answer Site Quora Affects 100 Million

Marriott says breach of Starwood guest database compromised info of up to 500 million
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On the Mend: Bill Requiring Delayed Reporting of Veterans’ Medical Debts Seeks to Correct Department of Veterans Affairs Payments Errors
Rubio, Kennedy Introduce Bill To Protect Small Businesses From Security Breaches
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Report: ID thieves are exploiting USPS mail-scanning service, Secret Service warns
Stanford Facing FCRA Class Action (Again)

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Credit problems may hinder job search
Free credit freezes are coming soon

Congress just made credit freezes free

This bill could weaken the protection of a credit freeze
Synchrony Bank accused of accessing individual's credit report in attempt to collect discharged debt
China's behavior monitoring system bars some from travel, purchasing property
Wells Fargo fined $1 billion for insurance and mortgage abuses
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How to Avoid a Renovation Nightmare
Fin7 Syndicate Hacks Saks Fifth Avenue and Lord & Taylor Stores

Statement by the Acting Director of FTC’s Bureau of Consumer Protection Regarding Reported Concerns about Facebook Privacy Practices S
How much is your personal information selling for?
Consumer Protection in the States: A 50-State Evaluation of Unfair and Deceptive Practices Laws
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Credit Bureaus Let Wrongdoers Run Amok, Disrupt Mortgage-Seekers
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Mexican Man Assumes American's Identity for 37 Years, Steals $361,000 in Government Benefits

Consumer Protection Bureau structure upheld in blow to Trump's deregulation efforts
Consumer Finance Protection Bureau Probes Equifax

https://www.cnbc.com/2018/01/18/how-often-you-should-pay-off-your-credit-card-bill.html
Equifax isn’t going to like new Senate bill
Equifax Says It Will Hand Over New York Data Breach Info
The security of pretty much every computer on the planet has just gotten a lot worse

TzedekDC (tzedekdc.org) is a new Jewish lawyers group dedicated to providing pro bono debt representation for the poor.
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When it comes to financial consumer protection state attorneys general wield an additional potentially powerful weapon.
President Trump appears poised to select a nominee — in a matter of weeks — to serve as the next director of the CFPB.
Millions of errors found within consumer credit reports
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Meet the man who used to steal your identity

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Is Trump breaking the law?
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The vast majority of Americans -- across the political spectrum -- benefit from the protections of the Consumer Financial Protection Bureau. Here's one example from this piece:
Trump likely to tap budget director Mulvaney as interim CFPB chief
Richard Cordray to step down as head of Consumer Financial Protection Bureau
Data Breaches

Top-Ranking for the Law Office of Adam G. Singer
Equifax says 2.5M additional individuals potentially victimized during data breach
Equifax interim CEO pens apology after data breach
Elizabeth Warren to Wells Fargo CEO: 'You should be fired'
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Equifax CEO Richard Smith is out after stunning data breach
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Despite Equifax hack, GOP lawmakers want to deregulate credit agencies
Machine-learning promises to shake up large swathes of finance
Your Credit Score Could Make or Break Your Love Life
Equifax Security Breach: Agency Websites Melt Down Under Surge
143 Million Reasons Congress Shouldn’t Gut the Fair Credit Reporting Act
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Georgia Congressman Must Withdraw His EQUIFAX-Friendly Bill
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Even more Explosions Possible at Texas Flooded Plant

Ford to look beyond credit scores in sales push
State laws are becoming more restrictive, adding an extra layer of protection for consumers

Trump and Cordray: Five Scenarios for the CFPB
As Paperwork Goes Missing, Private Student Loan Debts May Be Wiped Away
Federal Court Certifies FCRA Class in Dispute Over Content of Disclosures
It just got easier for you to sue your bank and credit card company.
Wells Fargo customers who had fake accounts created in their names are a step closer to some payback.
Notice of Sabre Data Security Incident Impacting Guest Payment Card Information
TransUnion to pay $60 million to consumers flagged as criminals
Debt Collection Was the Most Complained About Financial Service Among Older Consumers for March
Sloppy Credit Bureaus, Sketchy Credit Doctors Slammed by Trifecta of CFPB, State AGs, and Consumer Lawyers (4/4)
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)
Sloppy Credit Bureaus, Sketchy Credit Doctors Slammed by Trifecta Of CFPB, State AGs, and Consumer Lawyers (1/4)
Your Credit Score May Soon Look Better
Consumers misidentified as terrorists win $60 million verdict
Robocalls Hijacking Your Voicemail Is ‘Invasive and Abusive,’ Say Lawmakers
Americans are suddenly defaulting on their credit cards
Burger Chain Faces FCRA Class Action Lawsuit Over Background Checks
Your consumer protections, on the brink of destruction in Congress
House passes sweeping bill to strip back financial rules
House to vote on killing Dodd-Frank today
CFPB Report Details Problems, New Requirements Consumer Reporting Companies Must Implement

CRCs Might Now Ignore Certain Kinds of Data in Calculating Your Credit Score
Big auto lender only checked 8% of applicants' incomes
One Step Forward, One Step Back?
A record 107 million Americans have car loans
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

Services Offer Some Benefits but Are Limited in Preventing Fraud
Wells Fargo is having a hard time getting Americans to sign up for credit cards these days.
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
CFPB: SUPERVISORY HIGHLIGHTS CONSUMER REPORTING SPECIAL EDITION (ISSUE 14)
IF THE CFPB IS WEAKENED, WON’T THE CREDIT BUREAUS RUN AMOK (AGAIN?)
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
NY Times: Avoid Willful Blindness: Know Thy Credit Reports as Part of a Retirement Plan
4 laws that protect your credit rights
How the law protects you and your credit
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
Americans can't afford to lose Richard Cordray or the CFPB
Free Credit Score? Not Necessarily. Credit Bureaus Busted for Deception
Wells Fargo Killing Sham Account Suits by Using Arbitration
Will Trump Cave to Wall Street Pressure & Fire CFPB Chief in a Nixonian Saturday Night Massacre?
U.S. fines TransUnion, Equifax for deceit over credit scores
Credit Bureaus Trans Union and Equifax must pay more than $20 million for deceiving consumers in the sale of credit reports

Medical Identity Theft

WHAT YOU SHOULD KNOW ABOUT MAINTAINING YOUR CREDIT SCORE
Wells Fargo Shows Its Deepest Remorse
Credit Reports Of Debtors Off-Limits In Other Than Credit Transaction Judgments Says Rodriguez Court
Your Right to Know - Your Consumer Credit File Under the Fair Credit Reporting Act

Wells Fargo is "feeling the pinch" after stealing from countless consumers. Not.
Ruling on CFPB's Unconstitutionality Leaves Agency Intact
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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CFPB Finds Credit Report Errors Still a Problem
NYC Tenant Blacklists: The FCRA and Tenant Background Reports
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