Debt Collection and Harassment

Thursday, March 9, 2017

IF THE CFPB IS WEAKENED, WON’T THE CREDIT BUREAUS RUN AMOK (AGAIN?)


 You can also read Director Cordray’s full remarks on the report to the CFPB Consumer Advisory Board last week.

“Consumer reporting, also known as credit reporting, is an important market that for many years has not been very transparent and generally is not well understood by consumers. It is also one of the markets where people cannot vote with their feet by choosing another provider if they are dissatisfied, which means that industry incentives and practices are not always aligned with the interests of consumers.
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 . . .


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 . . .


Tuesday, January 3, 2017

Credit Bureaus Trans Union and Equifax must pay more than $20 million for deceiving consumers in the sale of credit reports


The Consumer Financial Protection Bureau (CFPB) today took action against Equifax, Inc., TransUnion, and their subsidiaries for deceiving consumers about the usefulness and actual cost of credit scores they sold to consumers. The companies also lured consumers into costly recurring payments for credit-related products with false promises. The CFPB ordered TransUnion and Equifax to truthfully represent the value of the credit scores they provide and the cost of obtaining those credit scores and other services. Between them, TransUnion and Equifax must pay a total of more than $17.
Read more . . .


Sunday, November 6, 2016

Credit Reports Of Debtors Off-Limits In Other Than Credit Transaction Judgments Says Rodriguez Court


When collecting judgments, one of the most powerful tools for creditors is running a credit report on the debtor, since the credit report will show where the debtor has applied for credit or opened bank accounts, etc. These creditor reports are usually a gold mine for creditors, since they can lead to loan applications wherein the debtor discloses his true income, and not the “I’m completely busted broke” that the debtor will almost inevitably tell creditors at a debtor’s examination.

The U.
Read more . . .


Friday, October 14, 2016

Wells Fargo is "feeling the pinch" after stealing from countless consumers. Not.


Wells Fargo is "feeling the pinch" after stealing from countless consumers.

Wells Fargo's net income in the most recent quarter declined to $5.64 billion from $5.8 billion the same period last year, the bank said Friday.

Thursday, October 6, 2016

IRS Scam Center Busted -- Wall Street Journal

Indian Police Bust IRS ‘Scam Center’

Police say scammers posing as IRS officials would dial people in the U.S. and threaten them with jail time if they didn’t pay up.
Read more . . .


Tuesday, September 20, 2016

Should Wells Fargo be forced to pay what it cannot "claw back"?

Should Wells Fargo be forced to pay what it cannot "claw back"? 

Read more here:

http://www.cnbc.com/2016/09/20/its-would-not-be-easy-for-wells-fargo-to-claw-back-banker-pay.html


Read more . . .


Tuesday, September 20, 2016

Corporate corruption runs very deep


http://www.cnbc.com/2016/09/20/wells-fargo-has-cut-checks-to-congressional-questioners-campaigns.html

It's a different spin on the system of "checks and balances."

Read more . . .


Friday, September 9, 2016

How the careless errors of credit reporting agencies are ruining people’s lives: Their files are full of obvious mistakes that the companies are in no rush to correct.


From the Washington Post: 

According to the Consumer Financial Protection Bureau, Equifax, Experian and TransUnion, all credit-reporting agencies, are the three most-complained-about companies in America. These companies furnish reports for landlords to examine tenants, for banks to analyze borrowers, for insurance companies to figure out monthly rates and for employers to probe the backgrounds of potential hires — so they wield serious influence over our financial lives and futures.
Read more . . .


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