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 […]
Category Archives: News
I enjoyed sitting down for a TV interview this week 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. (Also a pleasure meeting and watching the interview of Commissioner Salas of the NYC Department of Consumer Affairs.) […]
For decades, when you applied for an apartment, the landlord—or a tenant screening company hired by the landlord—would examine your credit file and pay stubs to verify your ability to pay rent. But today, landlords are using the artificial intelligence revolution to predict something else: Your willingness to pay rent. https://www.wsj.com/articles/robots-are-taking-over-the-rental-screening-process-11574332200?mod=hp_listc_pos3
A new credit score will soon factor in consumers’ rent payments and professional licenses to help them get approved for loans. https://www.wsj.com/articles/hairdresser-plumber-lawyer-a-job-license-could-help-you-get-a-loan-11573041600
Have you ever found yourself fuming at the credit bureaus? You have plenty of company. https://www.chicagotribune.com/business/sns-201910101456–tms–kplngmpctnkm-a20191022-20191022-story.html
Starting October 31, many members of the military will have access to a free tool to help spot identity theft. https://www.consumer.ftc.gov/blog/2019/10/free-electronic-credit-monitoring-coming-soon-military?utm_source=govdelivery
Hackers look for open doors. If your personal data isn’t protected, it’s that much easier to compromise your identity. https://bigthink.com/videos/data-breach
A trade association representing credit bureaus Equifax, Experian and TransUnion has sued New Jersey to block a new law that requires them to make credit reports available in Spanish and 10 other languages. https://www.nj.com/news/2019/10/nj-sued-over-new-law-requiring-credit-reports-in-spanish-10-other-languages.html
https://www.cnn.com/2019/10/18/tech/reporter-hack/index.html To check your credit reports for signs of identity theft, visit annualcreditreport.com for free credit reports or purchase them directly from each bureaus website (Equifax.com , Experian.com , TransUnion.com , Innovis.com ).
To recap: Equifax exposed personal financial information, was sued by the government and settled. The government publicly touted a cash reward alternative of up to $125 to victims without ensuring enough money had been set aside to guarantee the max amount for every possible person affected; the government backtracked on its statement; eventually, the Equifax settlement team […]