Author Archives: Inter_admin

Supreme Court Orders Restructuring of Consumer-Finance Watchdog – The Wall Street Journal

cfpb - Cunsumer Financial Protection Bureau logo

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.

FBI Warns of Potential Fraud in Antibody Testing for COVID-19

An hacker on a laptop accesing bank inforamtion

ID theft comes in all flavors.  If you believe your personal identifier information has been compromised, visit annualcreditreport.com for free credit reports or purchase your credit reports and scores at myfico.com (for each of the three bureaus Equifax, Experian, and TransUnion). Scammers are marketing fraudulent and/or unapproved COVID-19 antibody tests, potentially providing false results. In […]

An Alarming Number of People are Complaining about their Citi Credit Card Accounts

NY Credit Report Errors Attorney - Credit Cards

Problems with Citi or Synchrony bank credit cards?  If inaccurate credit reporting is involved, our firm may be able to help. https://www.cnn.com/2020/06/24/business/citi-credit-card-complaints-cfpb/index.html An alarming number of credit card borrowers hurt by the coronavirus recession are complaining that Citibank is treating them unfairly. Citi (C) accounted for nearly 37% of pandemic-related complaints to regulators about credit […]

What Consumers Need to Know About New Credit Reporting Protections re: Mortgage Payments

The CARES Act

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 […]

How The Economic Machine Works

How the Economic Machine Works

https://www.youtube.com/watch?v=PHe0bXAIuk0 “The important part of the economy is credit.”  So explains Ray Dalio in this informative video “How The Economic Machine Works.” Are your credit reports accurate?  Don’t wait until you need more credit to find out. Consumers can obtain their credit reports for free at annualcreditreport.com.  Consumers have powerful rights under the federal Fair Credit […]

Major Consumer Protections Announced in Response to COVID-19 *UPDATED WITH CARES ACT*

Consumer Protections NYC

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. These actions include suspensions on foreclosures, evictions, and terminations of telecommunications and utility service, elimination of interest and forbearance on student loan payments, limits […]

Want to get your Coronavirus relief check? Scammers do too.

Coronavirus Relief Check Scam

  https://www.consumer.ftc.gov/blog/2020/04/want-get-your-coronavirus-relief-check-scammers-do-too?utm_source=govdelivery For now, here are some things to know. You don’t need to do anything. As long as you filed taxes for 2018 and/or 2019, the federal government likely has the information it needs to send you your money. If you haven’t filed taxes recently, you’ll need to submit a simple tax return to get […]