At Tax Time, FTC Reminds Consumers: Watch Out for Identity Theft With the tax-filing season upon us, the Federal Trade Commission, the nation's consumer protection agency, reminds consumers to be aware of the threat of identity theft. Your tax return contains sensitive personal information, and scammers can use your Social Security number to get a … Continue reading TAXPAYER IDENTITY THEFT
New FTC Study Points to Much Needed Reforms for Credit Reporting Industry Advocates Call on Senate to Confirm CFPB Director to Remove Any Uncertainty over CFPB Authority over Credit Bureaus FOR IMMEDIATE RELEASE: February 11, 2013 (WASHINGTON, DC) Advocates from two national consumer groups on credit reporting lauded the findings of a Federal Trade Commission … Continue reading Much Needed Reforms for Credit Reporting Industry
The Fair Credit Reporting Act (FCRA) is generally known for protecting consumers from credit report errors, but did you know the FCRA protects employees too? The FCRA is often implicated in the employment context when an employer, or potential employer, performs a background check when making its decision to hire, retain or promote the employee. … Continue reading FCRA PROTECTS EMPLOYEES
Tis the season for identity theft! While you are shopping during this holiday season for friends and loved ones, identity thieves are looking for the opportunity to steal your personal information. Here are some great tips on how to prevent being a victim of identity theft. Keep documents secure in your home. Holiday parties are … Continue reading TIS THE SEASON FOR IDENTITY THEFT!
Over 10 million consumers a year become victims of identity theft. Fraud victims are denied credit. If fraud victims are approved for credit, then they have to pay higher interest rates! Identity theft victims also get turned down for jobs because of arrests, convictions or other public records in a background report. What can consumers … Continue reading ID THEFT NEWS: WEEKLY UPDATE
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 … Continue reading AMERICAN EXPRESS SETTLES $85 MILLION DEBT COLLECTION & MARKETING SCAM CLAIM
Ever heard of Chex Systems? They have heard of you - and your bank account! We expect our bank to monitor our account, every deposit, withdrawal and transaction. Are other companies tracking this information, too? Sure - ever heard of Chex Systems? Most consumers do not realize Chex Systems - a consumer reporting agency - is monitoring you bank activity. … Continue reading EVER HEARD OF CHEX SYSTEMS? THEY KNOW YOU AND YOUR CHECKING ACCOUNT
Capital One announced it will cut over 200 jobs at its Tigard, Oregon call center. The layoff will affect collection employees. This is the second time in 2012 that Capital One has announced job cuts at the call center. Capital One's employees were told they could interview for job openings with the fraud department, according to a … Continue reading CAPITAL ONE LAYS OFF COLLECTION CALL CENTER EMPLOYEES
Micah Adkins represents victims of identity theft across the country. Identity theft is an epidemic, especially in the South. Few identity thieves are arrested and convicted. What can consumers do to protect their credit report and their reputation? Federal law provides identity theft victims with rights under the Fair Credit Reporting Act (FCRA). Under federal law, … Continue reading ID THEFT NEWS – WEEKLY UPDATE
Does the credit score you purchased differ from the credit score provided to creditors? The Consumer Financial Protection Bureau (CFPB) says yes! According to a CFPB study, 20% of the scores sold to consumers have a meaningful difference in score with the credit score sold to lenders. The CFPB also concluded the difference in score may … Continue reading IS THE CREDIT SCORE YOU BOUGHT THE SAME CREDIT SCORE SOLD TO LENDERS?