Consumer reporting agencies (also known as credit reporting agencies or CRAs) compile consumer data primarily for use by “users.” Users are entities that access a consumer’s information to gain insight into the consumer’s past behavior including prior use of credit (payment history and type of credit accessed), criminal history for a job application, or […]
Wells Fargo is “feeling the pinch” after stealing from countless consumers. Wells Fargo’s net income in the most recent quarter declined to $5.64 billion from $5.8 billion the same period last year, the bank said Friday. http://www.cnbc.com/2016/10/14/wells-fargo-fake-accounts-banks-consumer-business-took-some-hits-in-september.html
From the National Consumer Law Center: The DC Circuit’s October 11 decision in PHH Corp. that the Consumer Financial Protection Bureau is unconstitutional will have far more limited impact on the agency than one might presume, as explained in this article. https://library.nclc.org/ruling-cfpb%E2%80%99s-unconstitutionality-leaves-agency-intact
Indian Police Bust IRS ‘Scam Center’ Police say scammers posing as IRS officials would dial people in the U.S. and threaten them with jail time if they didn’t pay up. Read More Check your credit reports for free at annualcreditreport.com If you see any suspicious or erroroneous information, contact the Credit Report Law Group. Qualified cases […]
Class actions are often the only viable mechanism to address widespread consumer harm. Read more in this insightful piece. June 26, 2016 12:00 AM What would you do if your client told you her bank had charged her account a $25 fee she didn’t owe? Would you sue the bank? Probably not, given […]
Next Thursday, 9/29/16, the Midtown Hilton will be swarming with over four thousand real estate professionals including leaders in the industry. Come here my brief presentation at 4:30 in the Finance Presentations lineup in the Morgan Suite. Topic: Client Credit Report Errors: Consumer’s Rights under the FCRA in the Real Estate Context. http://www.nycnetworkgroup.com/agenda/
Should Wells Fargo be forced to pay what it cannot “claw back”? Read more here: http://www.cnbc.com/2016/09/20/its-would-not-be-easy-for-wells-fargo-to-claw-back-banker-pay.html
http://www.cnbc.com/2016/09/20/wells-fargo-has-cut-checks-to-congressional-questioners-campaigns.html It’s a different spin on the system of “checks and balances.” Wells Fargo has cut checks to the congressional campaigns of politicians on both sides of the aisle, including some who are questioning CEO John Stumpf on Capitol Hill Tuesday. The Wells Fargo and Company Employee PAC has made donations to 20 of 22 members of […]
WINNING ENTRY: Adam G. Singer WINNER NAME: Zola Creative AWARD: Legal Standard of Excellence http://www.webaward.org/winner.asp?eid=32504#.V9h2v60YmYM
“Big data” is real and growing. Know your rights under the Fair Credit Reporting Act and related state statutes. http://money.cnn.com/2016/09/06/technology/weapons-of-math-destruction/index.html