FOR IMMEDIATE RELEASE: JANUARY 15, 2012 Contacts: Jan Kruse jkruse@nclc.org 617-542-8010; Diane Thompson dthompson@nclc.org REPORT: ROADMAP TO EFFECTIVE MORTGAGE SERVICING REFORM NCLC Analyzes the Successes, Failures, and Potential of the HAMP Loan Modification Program Download the report (with stories of real people harmed), charts, and recommendations for mortgage servicing reform: http://www.nclc.org/issues/at-a-crossroads.html WASHINGTON, DC─As the United States [...]
Posts Tagged ‘consumer financial protection bureau’
NCLC Analyzes the Successes, Failures, and Potential of the HAMP Loan Modification Program
Posted: January 15, 2013 by administrator in FCRATags: Alabama Consumer Law, consumer financial protection bureau, CONSUMER LAW, HAMP, HAMP modification, Home Affordable Modification Program, loan modification, MORTGAGE CRISIS, MORTGAGE FRAUD, MORTGAGE SERVICING REFORM, National Consumer Law Center, national mortgage servicing standards, NCLC HAMP REPORT
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WHAT DOES DODD FRANK ACT DO FOR CONSUMERS?
Posted: October 12, 2012 by administrator in CONSUMER FRAUD, FCRATags: AL, atlanta ga, austin tx, Birimingham AL, cfpb, consumer financial protection bureau, CONSUMER LAW, consumer protection attorney, credit scores, Dallas tx, dodd frank, ECOA, equal Credit opportunity Act, fair credit reporting act, FCRA LAW, FT WORTH TX, houston tx, Hubtsville, miami fl, mobile al, montgomery al, Nashville tn, Orlando FL, san antonio tx, Tampa fl
What does the Dodd-Frank Act do for consumers? For the first time in over twenty years, Congress made more changes in consumer protection laws by enacting the Dodd-Frank Act. Publ. L. No. 111-203, 124 Stat. 1376 (2010). The Dodd Frank Act was signed into law on July 21, 2010. The Dodd Frank Act includes consumer protection [...]
AMERICAN EXPRESS SETTLES $85 MILLION DEBT COLLECTION & MARKETING SCAM CLAIM
Posted: October 4, 2012 by administrator in FAIR DEBT COLLECTION PRACTICES, FCRATags: American Express Settlement, AMEX Settlement, atlanta ga, austin tx, Birmingham al, CFPB Enforcement, CFPB enforcement Action, consumer financial protection bureau, CONSUMER LAW, Dallas tx, houston tx, huntsville al, memphis tn, mobile al, montgomery al, Nashville tn, Orlando FL, san antonio tx, Tampa fl
FDIC Announces Settlement With American Express Centurion Bank for Unfair and Deceptive Practices in Debt Collection and Credit Card Marketing The Federal Deposit Insurance Corporation (FDIC) and the Consumer Financial Protection Bureau (CFPB) have reached a settlement with American Express Centurion Bank (Bank), Salt Lake City, Utah, for deceptive debt collection and credit card marketing [...]
CFPB PROPOSES PROCEDURAL RULE ON SUPERVISING NONBANKS THAT POSE RISKS TO CONSUMERS
Posted: May 25, 2012 by administrator in CONSUMER FRAUDTags: atlanta ga, Birmingham al, cfpb, consumer financial protection bureau, CONSUMER LAW, Dallas tx, MORTGAGE COMPANY, OCNSUMER REPORTING AGENCY, Orlando FL, PAYDAY LENDER, richard cordray
Yesterday, the Consumer Financial Protection Bureau (CFPB) issued the following press release: CFPB PROPOSES PROCEDURAL RULE ON SUPERVISING NONBANKS THAT POSE RISKS TO CONSUMERS WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) today is proposing a rule that would set up procedures to supervise nonbanks that may have engaged in activities that pose risks to consumers. [...]
CFPB DIRECTOR RICHARD CORDRAY TO SPEAK IN BIRMINGHAM, ALABAMA – PAYDAY LENDING
Posted: January 18, 2012 by administrator in CONSUMER FRAUDTags: 2012 CFPB Hearing, alabama, birmingham, cfpb, consumer financial protection bureau, consumer protection, Field Panel, Janaury 19, richard cordray
The hearing will take place on Thursday, January 19, 2012, at 12:00 P.M. CST (UPDATED LOCATION: at the Birmingham-Jefferson Convention Complex). Alabama is a state with one of the highest number of payday lenders per capita in the country. The CFPB is the first federal agency with the authority to oversee payday lenders of all [...]
WISH LIST FOR CFPB’S DIRECTOR CORDRAY
Posted: January 17, 2012 by administrator in CONSUMER FRAUD, CREDIT CARD DISPUTES, CREDIT DISPUTES, FCRATags: CFPB Credit Card Disputes, CFPB Credit Report Disputes, consumer financial protection bureau, FCRA ATTORNEY, fcra lawyer, richard cordray
But even a small percentage of errors can affect millions. The CFPB should assure that reports are accurate and errors easily fixed. Credit bureaus now generally have 30 days to investigate a complaint. They also must forward “all relevant information” to the creditor that furnished the disputed material. But the National Consumer Law Center in [...]
RICHARD CORDRAY DIDN’T WASTE TIME TRYING TO CONNECT WITH CONSUMERS
Posted: January 10, 2012 by administrator in CONSUMER FRAUD, FCRATags: Atlanta georgia attorney, birmingham alabama attorney, cfpb, CONSUMER ATTORNEY, consumer financial protection bureau, CONSUMER FRAUD, CONSUMER LAWYER, DALLAS TEXAS ATTORNEY, NASHVILLE TENNESSEE ATTORNEY, ORLANDO FLORIDA ATTORNEY, richard cordray
Richard Cordray, the new director of the Consumer Financial Protection Bureau (CFPB), didn’t waste any time trying to connect with consumers about how the CFPB can help them in 2012. Here’s the email being sent to consumers across the US: Happy New Year, As the new Director of the Consumer Financial Protection Bureau, and as [...]
CORDRAY APPOINTED – PRESIDENT SUPPORTS CONSUMER PROTECTION DESPITE REPUBLICAN OPPOSITION
Posted: January 7, 2012 by administrator in FCRATags: alabama, attorney, cfpb, consumer financial protection bureau, Consumer Fraud Attorney, CREDIT REPORT DISPUTES, CREDIT REPORT ERROR LAWYER, Florida, GEORGIA, ID THEFT ATTORNEYS, IDENTITY THEFT ATTORNEYS, lawyer, richard cordray, Tennessee, TEXAS, Virginia
The long-delayed start of a new consumer protection bureau took a major step forward Wednesday when the White House defied Congressional Republicans who had been holding out for changes that consumer advocates say would have substantially weakened the agency. President Barack Obama announced a recess appointment to name Richard Cordray as the nation’s chief consumer [...]
FAIR CREDIT REPORTING ACT – 40 YEARS LATER
Posted: August 11, 2011 by administrator in FCRATags: alabama, Atlanta, attorney, birmingham, consumer financial protection bureau, fair credit reporting act, FCRA, Florida, lawyer, nashville, Tennessee
The Federal Trade Commission issued a staff report, that compiles and updates the agency’s guidance on the Fair Credit Reporting Act (FCRA), the 1970 law designed to protect the privacy of credit report information and ensure that the information supplied by credit reporting agencies is as accurate as possible. A credit report contains information about [...]
TRANS UNION MAKES $245 MILLION IN 1ST QUARTER OF 2011
Posted: August 2, 2011 by administrator in FCRATags: alabama, attorney, consumer financial protection bureau, credit reporting agency, fair credit reporting act, FCRA, Florida, GEORGIA, lawyer, mississippi, Tennessee, TEXAS, Trans Union
Trans Union announced its 1st quarter revenue for 2011 - $245.9 million an increase of 8.3% compared 1st quarter of 2010. Tran Union’s operating income was $55.1 million, an increase of 19.5 percent compared to 1st quarter of 2010. The net loss from continuing operations attributable to Trans Union for the first quarter was $25.4 million compared to income of $25.0 million [...]