DEBT COLLECTORS’ NEW CREDIT REPORTING POLICY SHORTENS TIME FOR NEGATIVE CREDIT INFORMATION

Debt Collectors' New Credit Reporting Policy Shortens Time for Negative Credit Information on Consumers' Credit Reports Encore Capital Group, Inc. announced a change in its credit reporting policies for consumers.  Encore's subsidiaries include: Midland Credit Management; Midland Funding, Asset Acceptance; Atlantic Credit & Finance. According to the Encore press release, "A significant challenge with current [...]

CFPB TAKES ACTION AGAINST EQUIFAX AND TRANS UNION CREDIT BUREAUS

The Consumer Financial Protection Bureau (CFPB) took action against Equifax, Trans Union and their subsidiaries for deceiving consumers about the usefulness and actual cost of credit scores sold to consumers.  According to the CFPB papers, Equifax and Trans Union also lured consumers into costly recurring payments for credit related products with false promises. The CFPB ordered [...]

ADKINS FIRM CELEBRATES 1 YEAR ANNIVERSARY – ID THEFT ADVOCATE

ADKINS FIRM CELEBRATES 1 YEAR ANNIVERSARY The Adkins Firm is celebrating its one year anniversary.  The Adkins Firm represents identity theft victims and consumer with credit or background report errors under the Fair Credit Reporting Act (FCRA).  The FCRA requires consumer reporting agencies and creditors and employers to comply with federal law, including reasonable investigations [...]

MICAH ADKINS NAMED TOP CONSUMER LAWYER AGAIN BY BIRMINGHAM BAR

Birmingham Magazine surveyed more than 4,000 members of the Birmingham Bar Association for nominations for Birmingham's top lawyers. This is the fifth year for the peer review study and included 35 practice areas, including consumer law. The votes were reviewed by the Birmingham Bar Association and staff members of Birmingham Magazine. The results are in [...]

TARGET CREDIT MONITORING REQUIRES CUSTOMERS TO GIVE UP RIGHT TO JURY TRIAL

Target is offering customers credit monitoring and ID theft insurance for one year.  What the credit monitoring service takes away from consumers may be more important than the information provided by the services. Target partnered with Experian and is offering credit monitoring and ID theft insurance to over 100 million consumers.  Customers may sign up online for the one-year membership - point, [...]

TOP IDENTITY THEFT STORIES – WEEKLY UPDATE

IDENTITY THEFT NEWS - WEEKLY UPDATE Here are some of the top identity theft stories from around the country. Identity theft among children on the rise: How to keep your kids safe New York Daily News By Rheana Murray / NEW YORK DAILY NEWS Experts say identity theft is a growing concern not only for [...]

IDENTITY THEFT RIGHTS & THE FAIR CREDIT REPORTING ACT

Consumers have identity theft rights under the Fair Credit Reporting Act.  Under the Fair Credit Reporting Act, consumers have the right to request their free credit report if they have reason to believe they are a victim of fraud or identity theft. The right to a free report due to identity theft is in addition [...]