Lack of credit and the growing exclusions from society. https://www.nytimes.com/2018/12/06/nyregion/how-the-cashless-economy-shuts-out-the-poor.html
Category Archives: News
How is Wells Fargo still in business? Must see video: https://www.cbsnews.com/video/wells-fargo-blames-calculation-error-after-hundreds-lose-homes-to-foreclosure/?fbclid=IwAR3ynYuo6vcnCngB27TQhor5pEfawqh4Q7h4MSlh3uManm5RFPyoiT1GblA
Yahoo must pay $85 million and provide free credit monitoring to 200 million people as part of a settlement of what is believed to be the biggest data breach ever. The onetime internet giant, which is now owned by Verizon, has reached a settlement in a class-action lawsuit over the 2013 and 2014 hacks. […]
Only the top 1 or 2 percent of people will have a ‘perfect’ 850 credit score,” Rod Griffin, director of consumer awareness at Experian, tells CNBC Make It. “And it probably won’t stay that way. Scores move up and down as your credit history changes. If you increase your balances, open a new account, […]
Borrowers can have low credit scores, but have to go through an education session about the program and submit all necessary documents, from income statements to phone bills. https://www.cnbc.com/2018/10/12/thousands-line-up-for-zero-down-payment-subprime-mortgages.html?__source=facebook%7Cmain
Facebook said on Friday that an attack on its computer network had exposed the personal information of nearly 50 million users. https://www.nytimes.com/2018/09/28/technology/facebook-hack-data-breach.html?smid=fb-nytimes&smtyp=cur Identity theft often leads to fraudulent accounts on credit reports and other consumer reports. Federal law protects consumers in those situations. Know what’s being reported about you: https://nyconsumerlaw.com/lawyer/What-data-is-being-reported-about-me-_cp19192.htm
Remember, consumers have a right to have accurate information on credit reports, even if related to student loans. http://www.foxnews.com/us/2018/09/06/students-families-struggle-to-repay-billions-in-crushing-loan-debts.html
You have heard of credit scores. Heard of China’s social credit scores? Would this ever be allowed in the United States? https://www.cbsnews.com/news/china-social-credit-system-surveillance-cameras/
The National Consumer Law Center has issued a review of the Unfair and Deceptive Practices Laws of the 50 states and the District of Columbia. Regulations differ drastically, state-to-state. “In many states, they write, “the deficiencies are glaring. Legislation or court decisions in dozens of states have narrowed the scope of UDAP laws or granted […]
Local business-review website ThreeBestRated.com has named the Credit Report Law Group as one of the three best consumer protection attorneys in Manhattan. This rating was based upon a variety of factors including: “everything from checking reputation, history, complaints, local reviews, nearness, satisfaction, trust and cost to the general excellence.” See Rankings here