In a recent development, the Consumer Financial Protection Bureau (CFPB) issued an order against Citibank, N.A., demanding the payment of $25.9 million in fines and… Read More »What is The Equal Credit Opportunity Act?
Credit information is used in almost every financial transaction. Whether it’s renting an apartment, purchasing insurance, or buying a home, your credit score/integrity always comes… Read More »Fair Credit Reporting Act Violations
Today, it’s of the utmost importance to have a respectable report/record of your life’s transactions to further yourself for tomorrow. What do we mean by… Read More »What is a Consumer Report? When Should You Dispute Yours?
Many people make the mistake of not providing enough information or enough documentation. Here is a list of the top five mistakes we see.
In 2017, the three largest Credit Reporting Agencies – Experian, Equifax and Transunion implemented some changes to what “public records” they report, according to a Consumer Data Industry Association (CDIA) press release. “Public Records” means information obtained from courts and other public entities. This includes bankruptcies, tax liens and judgments.
Read More »Court Judgments and Credit ReportsThe two largest debt buyers in the US, Encore Capital Group (owner of Midland Funding, LLC) and Portfolio Recovery Associates spoke with officials at the CFPB for over a year, a fact repeatedly mentioned by Encore and PRA in calls with their investors. In September, the results of those talks were announced by the CFPB.
Read More »Encore and Portfolio Fined By CFPBBad Paper: Chasing Debt From Wall Street to the Underworld by Jake Halpern
The New York Times Magazine has just published a cover story adapted from Jake Halpern’s phenomenal upcoming book, Bad Paper. You can read the entire article here. Because I can’t possibly capture Halpern’s outstanding writing style or story telling abilities, I offer the following excerpts article. In my opinion, Halpern’s book demonstrates that, despite what the industry contends, there is still plenty of actual ongoing systemic fraud and abuse.
Read More »“Bad Paper” by Jake Halpern featured in New York Times Magazine Cover Story
Instant Checkmate, Inc. and InfoTrack Information Services have agreed to pay civil penalties and stop their alleged illegal practices. The FTC press release is here.
