The Federal Fair Credit Reporting Act is law that gives consumers certain rights when companies include your credit report in a decision making process. Denied Credit? Under the FCRA both the credit reporting company, and the company that provided the information, are responsible for correcting inaccurate information on your credit report.” — Patrick Mansfield […]
Author Archives: Inter_admin
REVIEW YOUR CREDIT REPORT The three credit bureaus — Experian, TransUnion and Equifax — provide one free report annually. Request one at AnnualCreditReport.com, and check it every year to avoid problems when you need access to credit. https://nyti.ms/2mv6B60
The entire ecosystem of the mortgage markets is fragile, says Burns, which has a chilling effect on the economy. “The lack of access to credit not only hurts consumers, but it hurts builders and therefore contributes to the lack of affordable housing,” Burns says. “That, in turn, has an impact on the broader economy, […]
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 […]
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://theweek.com/articles/677173/how-law-protects-credit […]
Federal regulators have sued Navient, accusing the biggest U.S. student loan company of making it harder for borrowers to repay loans by giving them bad information, processing payments incorrectly and failing to act on complaints. The Consumer Financial Protection Bureau filed the federal lawsuit against Navient Corp. and two subsidiaries on Wednesday, seeking restitution […]
In its five years as an agency, the CFPB has recovered more than $11 billion for 27 million consumers harmed by illegal practices of financial institutions. The bureau has secured relief in more than 100 cases, directly putting money back in the pockets of American consumers who have been victimized by companies that refuse […]
Consumers should know there is no completely free place to get your literal FICO credit score. Zero. But you are entitled to get one free credit report each year from each of the three bureaus at annualcreditreport.com. Online sites CreditKarma and CreditSesame will give free credit scores based on one of the three bureaus reports […]
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. The bank’s new chief executive, Timothy J. Sloan, in his first week on the job, said his “immediate and highest priority is to restore trust in Wells Fargo.” But in […]
The people who would like to see large banks unleashed, without any meaningful regulation, want Donald Trump to fire Rich Cordray, the terrific director of the Consumer Financial Protection Bureau, or CFPB. Under the law, Trump could only remove Cordray for “inefficiency, neglect of duty, or malfeasance in office.” Banking lobbyists, who are leading the […]