Kohl’s Must Provide Info to Identity Theft Victims
Mark F. Anderson
by Mark F. Anderson
4y ago
If you as a victim of identity theft sees that someone bought stuff at Kohl’s, wouldn’t you think Kohl’s would help you out? And give you what information it had on the identity thief? And what if the law required stores like Kohl’s to give it to you without you having to get it from law enforcement or you having to hire an attorney? You would have thought wrong; even though a law required Kohl’s to do just that, it wasn’t doing so. So now the FTC has ordered Kohl’s to comply with the law and give ID theft victims the information it has on the thieves. Here’s the FTC announcement. https://www ..read more
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Student Loan Borrowers May Now be Able to Reduce their Debt
Mark F. Anderson
by Mark F. Anderson
4y ago
Experts at Bankrate.com explain how borrowers may be able to reduce their debt load now that the Federal Reserve has reduced interest rates: https://www.bankrate.com/loans/student-loans/how-fed-rate-cut-impacts-student-loans ..read more
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Free Credit Reports Available Each Week (Free) from Experian, Equifax & Trans Union
Mark F. Anderson
by Mark F. Anderson
4y ago
https://www.cnbc.com/select/experian-equifax-transunion-offer-weekly-free-credit-reports-for-one-year/ For the next year, you can get your Big 3 credit reports free once a week. For the best way to get the reports, click on the CNBC link above ..read more
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New One Stop Resource Center for Consumers with Covid-19 Issues
Mark F. Anderson
by Mark F. Anderson
4y ago
http://www.consumer.law/ is the link to a new resource center created by some leading consumer attorneys. The website provides up to date information on hardship programs details for Mortgage, Auto, Credit Card and Student Loan lenders.  ..read more
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CARES Act Consumer Protection (Covid 19 Crisis)
Mark F. Anderson
by Mark F. Anderson
4y ago
The National Consumer Law Center has prepared this summary of consumer rights This article, which will be updated as developments warrant, seeks to list the actions Congress, governors, federal and state agencies, and businesses are taking to protect consumers in light of the COVID-19 epidemic. These actions include suspensions on foreclosures, evictions, and terminations on telecommunications and utility service, elimination of interest and forbearance on student loan payments, and more. The article will also consider the impact of government-ordered closure or restrictions on court heari ..read more
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California Legislature Approves Bill Curbing Predatory Auto Title Loans
Mark F. Anderson
by Mark F. Anderson
4y ago
In September, the California Legislature approved a bill that would limit auto title loan interest rates to 36% and add other consumer protection measures. Heretofore, auto title loans have been ripping off consumers by charging interest rates of 100% APR or more. There was never any justification for higher rates because defaults led to the companies repossessing and selling consumers’ cars. Lenders added the cost of repossessing and reselling the cars. According to the California Department of Business Oversight, in 2016 alone he auto title companies repossessed 20,648 vehicles out o ..read more
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California AG Sues Paul Blanco’s “Good Car Company”
Mark F. Anderson
by Mark F. Anderson
4y ago
California’s attorney general sued Paul Blanco’s Good Car Company, a Northern California car dealer that heavily advertises on TV accusing it of false advertising and lying on loan documents to boost its profits at the expense of its low-income customers. According to the Attorney General, “For many families, that name could not be farther from the truth.” In the 32-page complaint filed in Alameda County the dealer is accused of running a sophisticated scheme to lure customers into a dealership only to later lie about their incomes and the value of the cars they were purchasing to convince ..read more
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Homeland Security to Check Immigrants’ Credit Scores
Mark F. Anderson
by Mark F. Anderson
5y ago
Ms Chi Chi Wu of the National Consumer Law Center today flagged the release by the Department of Homeland Security (DHS) of a regulation that greatly expands what will be considered in determining whether an immigrant is considered a potential “public charge” and thus should be denied a visa or green card.  Among the many controversial provisions of this regulation, it requires DHS to consider an immigrant’s credit score and credit report. Ms Wu noted the problems and unfairness of the use of credit scores and reports for purposes of immigration: “Using credit scores and credit reports t ..read more
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CFPB Suit Against Credit Repair Company Lexington Law
Mark F. Anderson
by Mark F. Anderson
5y ago
The Consumer Financial Protection Bureau (Bureau) today filed a complaint against PGX Holdings Inc. and subsidiaries Progrexion Marketing Inc., Progrexion Teleservices Inc., eFolks LLC, and CreditRepair.com Inc.; and against John C. Heath, Attorney at Law PLLC, which does business as Lexington Law. The lawsuit, filed in U.S. district court in Utah, alleges the defendants violated the Telemarketing Sales Rule (TSR) by requesting and receiving payment of prohibited upfront fees for their credit repair services. Under the rule, companies can only charge fees for telemarketed credit repair serv ..read more
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