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/
Category Archives: News
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
As AI advances, the financial industry is propelled into an orbit of seemingly boundless efficiency. What used to take armies of well-compensated attorneys at JP Morgan Chase, and other financial corporations, 100,000s of hours to perform, can now be accomplished by computers in a matter of seconds. Though some remain skeptical, “machine learning” seems poised […]
Neighborhoods within a mile and a half of the Crosby, Texas facility that exploded on Thursday have been urged to evacuate as officials warn that more explosions are possible. The chemical plant exploded early Thursday morning. Authorities are concerned about another explosion because chemicals have not been stored at proper temperatures since power went out […]
Alarm bells are ringing because one of the largest subprime auto lenders in the nation — Santander Consumer USA — only checked the incomes of 8% of its applicants, according to a new report from Moody’s Investors Service. Subprime refers to loans made to people with poor credit. “A lack of income verification…creates more uncertainty […]