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News
Monday, July 6, 2020
 Because of COVID-19, unemployment rates are high and many people’s cash flows are low. Scammers view these as ripe conditions to strike. They’ll stop at nothing — not even a pandemic — to trick you into sharing your personal or financial information. That includes pretending to be a government official from the Federal Trade Commission to gain your trust. Read more . . .
Thursday, July 2, 2020
 Prepandemic, deferrals weren’t much of a problem for banks. They were used rarely for most types of consumer debt and were usually confined to areas hit by natural disaster. Now, a staggering number of consumers around the U.S. are in deferral or other repayment programs, leading banks to question whether the credit scores and reports they have relied on for decades are reflecting applicants’ true level of risk.
Read more . . .
Thursday, July 2, 2020
 https://www.wsj.com/articles/supreme-court-orders-restructuring-of-consumer-financial-protection-bureau-11593441215 The court rejected broader legal arguments that it should strike down the bureau—which was designed to protect consumers from abusive financial-industry practices on products like mortgages, student loans and credit cards—altogether.
Read more . . .
Friday, June 26, 2020
 Problems with Citi or Synchrony bank credit cards? If inaccurate credit reporting is involved, our firm may be able to help. https://www.
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Tuesday, May 5, 2020
 https://link.medium.com/zCLWzOure6 Our firm represents ID theft victims to address the credit report fallout. Read more . . .
Thursday, April 23, 2020
 Free credit reports usually come once a year. Hence the website name Read more . . .
Thursday, April 23, 2020
 CARES Act § 4021 provides less than minimal protections regarding credit reporting. From January 31, 2020 until 120 days after the end of the national state of emergency, if a creditor has made an accommodation (such as a forbearance or workout) for a consumer pursuant to the state of emergency, the creditor shall report that account with the same status as prior to the accommodation to a consumer reporting agency, i.e., if an account was current it shall continue to be reported as current, while a delinquent account shall continue be reported as delinquent. The exceptions are (1) the provision does not apply to charged-off accounts and (2) if the account was delinquent and the consumer manages to bring the account current during the period of accommodation, the account shall be reported as current.
Read more . . .
Monday, April 6, 2020
 https://library.nclc.org/major-consumer-protections-announced-response-covid-19 This article, which will be updated as developments warrant, lists actions Congress, governors, federal and state agencies, and businesses are taking to protect consumers in light of the COVID-19 epidemic.
Read more . . .
Tuesday, March 31, 2020
 Fair Credit Reporting
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