Author Archives: Inter_admin

AT&T faces thousands of complaints about overcharging for services

A CBS News investigation has uncovered over 4,000 complaints against AT&T and DirecTV related to deals, promotions and overcharging in the past two years. Customers who try to opt out of their contracts are forced to pay early termination fees and are not allowed to file lawsuits.  http://www.cbsnews.com/videos/at-t-faces-thousands-of-complaints-about-overcharging-for-services/

Massive ransomware attack hits 99 countries

Hacking for Profit

Have you been a victim of ID theft?  Check your credit report for errors at annualcreditreport.com.   Tens of thousands of ransomware attacks are targeting organizations around the world on Friday. Cybersecurity firm Avast said it has tracked more than 75,000 attacks in 99 countries. It said the majority of the attacks targeted Russia, Ukraine and Taiwan.  The ransomware locks […]

Wronged Wells Fargo customers are finally getting a bit of payback

Wells Fargo Storefront

Wells Fargo has reached a $110 million preliminary settlement to compensate all customers who claim the scandal-ridden bank opened fake accounts and other products in their name. It’s the first class action settlement by Wells Fargo since authorities revealed in September that the bank opened up to 2 million fake accounts to meet unrealistic sales […]

House GOP’s Bill to Eliminate Nearly All Class Actions Would Encourage More Ponzi Schemes & Other Corporate Cheating

Capitol Hill

Congressman Bob Goodlatte, introduced a bill ironically titled “Fairness in Class Action Litigation Act,” which passed through the House Judiciary Committee two weeks ago. Its passage was a remarkable feat of avoiding public notice or debate, with Goodlatte ramming through the legislation in the middle of the night, voting down all amendments along party lines, […]

Beware, mortgage seekers: Random, online ‘credit scores’ are not always reliable

Credit Score Displayed on a Laptop

A new legal settlement from the Consumer Financial Protection Bureau alleges that Experian, one of the big three credit-reporting bureaus, “deceptively marketed credit scores to consumers by misrepresenting” them as “the same” as what their lender would use in determining whether and on what terms to offer them a loan.    In fact, said the […]

Supervisory Highlights Consumer Reporting Special Edition Issue 14, Winter 2017

The CFPB’s vision is rooted in the obligations and rights set forth in the Fair Credit Reporting Act (FCRA) and Regulation V.1 In the last two years, we identified failings in compliance management systems and violations of law both at CRCs and at furnishers. As a result, we have directed specific improvements in data accuracy […]