Employers Cannot Force Job Applicants to Waive FCRA Rules Applicable to Background Reports

Employers Cannot Force Job Applicants to Waive FCRA Rules Applicable to Background Reports Today, the 9th Circuit Court of Appeals issued an opinion in a FCRA case, Syed v. M-I, LLC that involves background reports employers obtain on prospective employees. … Continue reading

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Consumer Agency Sues Navient fka Sallie Mae, for Cheating Student Loan Borrowers

Consumer Agency Sues Navient fka Sallie Mae, for Cheating Student Loan Borrowers This is the CFPB’s Announcement of a Very Significant Enforcement Action CONSUMER FINANCIAL PROTECTION BUREAU SUES NATION’S LARGEST STUDENT LOAN COMPANY NAVIENT FOR FAILING BORROWERS AT EVERY STAGE … Continue reading

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CFPB Orders TransUnion and Equifax to Pay for Deceiving Consumers in Marketing Credit Scores

CFPB Orders TransUnion and Equifax to Pay for Deceiving Consumers in Marketing Credit Scores The Consumer Financial Protection Bureau today announced it has taken action against Equifax and TransUnion for deceiving consumers about the usefulness and actual cost of credit … Continue reading

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If Your Smartphone Goes Dead, You be a Victim of SIM-Swapping

If Your Smartphone Goes Dead, You be a Victim of SIM-Swapping CreditCards.com has a report on how scammers manager to steal your smartphone identity. If your phone mysteriously goes dead and your service provider tells you someone purchased and activated … Continue reading

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CFPB Sues Credit Repair Company and Advises Consumers Not to Fall for Misleading Credit Repair Ads

CFPB Sues Credit Repair Company and Advises Consumers Not to Fall for Misleading Credit Repair Ads Consumer Financial Protection Bureau filed a lawsuit in federal district court against the credit repair company Prime Marketing Holdings alleging it charged consumers illegal … Continue reading

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Trans Union’s Tenant Screening Service Trips Up NPR Reporter

Trans Union’s Tenant Screening Service Trips Up NPR Reporter Bobby Allyn, a NPR reporter for station WHYY in Philadelphia writes in the Washington Post about his experience with Trans Union having mixed his identity with that of a criminal imprisoned … Continue reading

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Using Credit Card Chargebacks

Using Credit Card Chargebacks Checkbook publishes useful reports on consumer products and services. They have an updated report on using credit card chargebacks in cases of defective goods or fraudulent charges of any kind. The Fair Credit Billing Act gives … Continue reading

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Good News for Consumers–the CFPB’s Proposed New Rules for Debt Collectors

Good News for Consumers–the CFPB’s Proposed New Rules for Debt Collectors There is good news for the 70 million U.S. consumers who are behind in their bills and being pursued by a debt collector. The federal Consumer Financial Protection Bureau … Continue reading

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New Reporting by Collection Agencies & Debt Buyers

New Reporting by Collection Agencies & Debt Buyers Effective last month, collection agencies and debt buyers that report information to the credit bureaus must report the name of the original creditor and may not report debt that did not arise … Continue reading

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Credit Scores Perpetuate Past Discrimination

Credit Scores Perpetuate Past Discrimination A report by the National Consumer Law Center entitled Past Imperfect: How Credit Scores and Other Analytics “Bake In” and Perpetuate Past Discrimination shows how past discrimination perpetuates low credit scores. Credit reporting and credit … Continue reading

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