New York Consumer Law Blog

Wednesday, March 1, 2017

By Law Consumers Are Entitled To One Free Annual Credit Report.


The Federal Fair Credit Reporting Act is law that gives consumers certain rights when companies include your credit report in a decision making process.

Read more . . .


Monday, February 27, 2017

Credit Report Attorney: The mortgage market is now dominated by non-bank lenders


The entire ecosystem of the mortgage markets is fragile, says Burns, which has a chilling effect on the economy.

“The lack of access to credit not only hurts consumers, but it hurts builders and therefore contributes to the lack of affordable housing,” Burns says. “That, in turn, has an impact on the broader economy, because housing construction impacts a lot of segments such as banking, construction workers, home-improvement businesses and more.”

The pullback in lending from banks contributes to the overall decline in homeownership, says Burns, because people with a slightly risky credit profile are underserved.

“The expansion of non-banks in response is a good thing, but we’re still missing a million or more homeowners, in part because many millennials are still not able to get credit through traditional means,” Wachter says.
Read more . . .


Monday, February 27, 2017

NY Times: Avoid Willful Blindness: Know Thy Credit Reports as Part of a Retirement Plan


REVIEW YOUR CREDIT REPORT 
The three credit bureaus — Experian, TransUnion and Equifax — provide one free report annually.
Read more . . .


Wednesday, February 15, 2017

4 laws that protect your credit rights

In matters pertaining to credit, do you feel like it's you against the world? Sometimes we all feel that way, but in reality, there are rules and regulations to help protect you against credit discrimination, abuse, or improper handling of your information. Consider these four important laws that help protect your credit rights. 

http://www.ksdk.com/money/4-laws-that-protect-your-credit-rights/387019151


Read more . . .


Thursday, February 9, 2017

How the law protects you and your credit


In matters pertaining to credit, do you feel like it's you against the world? Sometimes we all feel that way, but in reality, there are rules and regulations to help protect you against credit discrimination, abuse, or improper handling of your information. Consider these four important laws that help protect your credit rights. 

http://theweek.com/articles/677173/how-law-protects-credit

  

Learn more about how our firm helps consumers to level the playing field:

http://nyconsumerlaw.com/lawyer/Practice-Areas_cp16171.
Read more . . .


Wednesday, February 8, 2017

Ninth Circuit Rules an Employer Willfully Violated the Fair Credit Reporting Act by Including Liability Waiver With the Disclosure Form


In a case of first impression, the Ninth Circuit ruled that an employer willfully violated the Fair Credit Reporting Act (FCRA) by including a liability waiver in a disclosure and authorization form that it provided to a job applicant. As a result, the employer could be held liable for statutory damages ranging from $100 to $1,000, punitive damages, as well as attorneys’ fees and costs, even though the employee did not suffer any actual harm. Syed v. M-I, LLC, 2017 WL 242559 (9th Cir. 2017).
Read more . . .


Thursday, January 19, 2017

US’ largest student loan company, Navient, cheated millions, suit alleges


Federal regulators have sued Navient, accusing the biggest U.S. student loan company of making it harder for borrowers to repay loans by giving them bad information, processing payments incorrectly and failing to act on complaints.

The Consumer Financial Protection Bureau filed the federal lawsuit against Navient Corp. and two subsidiaries on Wednesday, seeking restitution for affected borrowers and money penalties.
Read more . . .


Wednesday, January 11, 2017

Americans can't afford to lose Richard Cordray or the CFPB


In its five years as an agency, the CFPB has recovered more than $11 billion for 27 million consumers harmed by illegal practices of financial institutions. The bureau has secured relief in more than 100 cases, directly putting money back in the pockets of American consumers who have been victimized by companies that refuse to follow the law.

In just the last three months, the CFPB has stopped Wells Fargo from opening fraudulent accounts without customers’ knowledge, halted three companies from taking advantage of seniors through reverse mortgages sales, and shut down a scam ripping off lead poisoning victims who were being tricked into signing away their legal settlements.

For the first time in history, American consumers have a vigilant watchdog, yet the CFPB’s opponents—Wall Street banks and financial predators—and their allies in Congress have worked nonstop over the past five years to undercut it.

 

http://thehill.
Read more . . .


Tuesday, January 10, 2017

Free Credit Score? Not Necessarily. Credit Bureaus Busted for Deception


Consumers should know there is no completely free place to get your literal FICO credit score. Zero.

But you are entitled to get one free credit report each year from each of the three bureaus at Read more . . .


Monday, January 9, 2017

Wells Fargo Killing Sham Account Suits by Using Arbitration


In congressional hearing rooms and on national television, Wells Fargo has vowed to make things right for the thousands of customers who were given sham accounts.

Read more . . .


Thursday, January 5, 2017

Will Trump Cave to Wall Street Pressure & Fire CFPB Chief in a Nixonian Saturday Night Massacre?


The people who would like to see large banks unleashed, without any meaningful regulation, want Donald Trump to fire Rich Cordray, the terrific director of the Consumer Financial Protection Bureau, or CFPB. Under the law, Trump could only remove Cordray for “inefficiency, neglect of duty, or malfeasance in office.” Banking lobbyists, who are leading the campaign to oust Cordray, say Trump would have reason to do so.

Read more . . .


Archived Posts

2020
2019
December
November
October
September
August
July
June
May
April
March
February
January
2018
December
November
October
September
August
July
June
May
April
March
February
January
2017
December
November
October
September
August
July
June
May
April
March
February
January
2016




© 2020 Law Office of Adam G. Singer, PLLC | Disclaimer | Attorney Advertising
60 E. 42nd St., Suite 4600, New York, NY 10165
| Phone: 212.842.2428
75 Montebello Road, Suffern, NY 10901
| Phone: 212.842.2428
445 Hamilton Ave., Suite 1102, White Plains, NY 10601
| Phone: 212.842.2428

About | Practice Areas | FAQ | Consult Request

Law Firm Website Design by
Amicus Creative