Category Archives: News

Supreme Court Orders Restructuring of Consumer-Finance Watchdog – The Wall Street Journal

cfpb - Cunsumer Financial Protection Bureau logo

https://www.wsj.com/articles/supreme-court-orders-restructuring-of-consumer-financial-protection-bureau-11593441215 The court rejected broader legal arguments that it should strike down the bureau—which was designed to protect consumers from abusive financial-industry practices on products like mortgages, student loans and credit cards—altogether.

How The Economic Machine Works

How the Economic Machine Works

https://www.youtube.com/watch?v=PHe0bXAIuk0 “The important part of the economy is credit.”  So explains Ray Dalio in this informative video “How The Economic Machine Works.” Are your credit reports accurate?  Don’t wait until you need more credit to find out. Consumers can obtain their credit reports for free at annualcreditreport.com.  Consumers have powerful rights under the federal Fair Credit […]

Statement of Senate Intel Vice Chair Mark R. Warner on Charges Against Chinese Spies for Hacking Equifax

Mark Warner

“That said, the indictment does not detract from the myriad of vulnerabilities and process deficiencies that we saw in Equifax’s systems and response to the hack. A company in the business of collecting and retaining massive amounts of Americans’ sensitive personal information must act with the utmost care – and face any consequences that arise […]

Chinese Hacking Is Alarming. So Are Data Brokers.

Bank Vault with Data Inside

Using the personal data of millions of Americans against their will is certainly alarming. But what’s the difference between the Chinese government stealing all that information and a data broker amassing it legally without user consent and selling it on the open market? Both are predatory practices to invade privacy for insights and strategic leverage. Yes, […]

Man surprised to receive over 50K letters saying same thing

Mailbox

Are computer errors (or even “coding errors”) affecting your credit reports?    Consumers can check their credit reports for free at annualcreditreport.com for free credit reports or purchase your credit reports and scores at myfico.com. https://www.cnn.com/videos/us/2020/02/04/man-receives-thousands-letters-student-loan-company-ots-vpx.hln/video/playlists/atv-trending-videos/

Tax Identity Theft Awareness Week starts today

1040 Tax Form

It would not surprise me if a victim of tax ID theft would also need to deal with credit theft.  Consumers can check their credit reports regularly for accounts that do not belong to them. https://www.consumer.ftc.gov/blog/2020/02/tax-identity-theft-awareness-week-starts-today?utm_source=govdelivery All this week, the FTC and its partners will host free events to share information about recognizing, avoiding and […]

Adam Singer, Esq.: Today’s Verdict Interview

Adam Singer

I enjoyed sitting down for a TV interview at the studio for NYC’s own legal news show Today’s Verdict.  Topic was credit report errors and how consumers can monitor their reports for free via annualcrediterport.com.   Here is that interview: https://www.bronxnet.org/watch/videos/8599/    (Also a pleasure meeting and watching the interview of Commissioner Salas of the NYC Department of Consumer Affairs.)

‘Social credit score’: China set to roll out ‘Orwellian’ mass surveillance tool

Xi Jinping

The system that critics call an Orwellian national-level control system has been dubbed the Social Credit System (SCS) and was set for launch in the coming year, although recent reports from China now say the rollout could be delayed until 2021. The massive system has been tested in several major Chinese cities and uses millions […]