Senate bill S. 582, dubbed The Interest Rate Reduction Act, was proposed and introduced to the Senate by Senator Bernie Sanders of Vermont. A companion bill, H.R. 1640 was also introduced in the House by Maurice Hinchey of New York....
June 2009 Archives
It seems hundreds of tweets have gone out with the message "omg!! is it true what they wrote about you in their twit blog?" and linking to a the site twittersblogs.com. If individuals click on the link, it will take...
At the end of 2008, Consumers Union embarked on a special project to record the video stories of individuals experiencing a crisis as a result of the mortgage meltdown. These are the personal stories of several individuals whose experiences reflect...
We've all been taught that history repeats itself. If we don't learn from the mistakes of the past they will continue to occur, right? Then can someone please tell me why it is business as usual in the financial services...
Cornell informed more than 45,000 current and former members of the University community that their names and social security numbers had been exposed when a University-owned laptop was stolen earlier this month.The laptop that contained unencrypted names and Social Security...
AFFIL, is one of several advocacy groups presenting testimony at a House Financial Services Committee hearing today at 10 am. Watch the hearing live or read all witness testimony by visiting the House Financial Services Committee site here.The hearing titled,...
In a press release today, TransUnion and FDCPA Case Listing Service announced a partnership that will allow TU to help debt collectors and creditors figure out which consumers have previously been involved in Fair Debt Collection Practices Act lawsuits. This...
This latest class action lawsuit filed today against Washington Mutual and Chase Bank directly behind two other suits filed this month (see below) will interest many readers who have written or posted on this blog with similar complaints...the closing of...
Congress is considering creating a Consumer Watchdog agency! It's obvious that we need reform and oversight in the financial arena if we can ever hope to stop fraud and predatory lending practices from bringing our economy to its knees ever...
The Identity Theft Resource Center released it's latest figures on data breaches for the first half of 2009. Their latest report Data Breaches Undeterred by Laws or Common Sense shows that in the first half of 2009, malicious attacks on...
A recent article in the NY times points out that medical identity theft is a growing concern. The article points to the last time federal data on the crime was collected, for a 2007 report, where it was discovered that...
Another day brings news of yet another fed up consumer who filed suit against a credit bureau for failing to correct errors in their credit reports. The Atlanta Journal-Constitution has a great article detailing the frustrations of a woman forced...
You know me. I'm not shy about pointing out the shady dealings and less than upfront practices of the credit reporting industry, credit card issuers, lenders, website scammers and anti-consumer legislation. Those who know me know that I'm also just...
A consumer notified me of a press release they stumbled across yesterday entitled "NationalCreditReport.com Addresses The Common Question, "How Do I Avoid Identity Theft?" I followed the provided links directly to the site and when the page opened -I felt...
The FBI is currently warning the public not to fall for a phone scam taking place nationwide where scammers have been trying to extort ethnic business owners, mostly of Asian decent, through telephonic threats of violence. The telephone calls appear...
Big banks are making a lot of money off of delinquent property taxes -and already struggling homeowners facing foreclosure. And there lies the potential conflict -and potential reason, why many Floridians continue to point out they get the run-around when...
Experian one of the big 3 credit reporting bureaus today released a press release pointing out "a study" they did "finds a significant relationship between high credit scores and propensity for identity fraud victimization."They further note in the release that...
We've all seen the ads for debt consolidation advertisements. And as complaints grow from scammed consumers, more and more debt relief and debt consolidation companies are finding themselves in the spotlight and the subject of government crack downs and state...
Ed Mierzwinski's great blog over at uspirg.org on the Florida Insurance industry points to anti-consumer insurance industry practices. (Also below see; "Connecting the Dots" another bout with computer hackers) Insurance industry seeks to scam Floridians; The Florida legislature has...
A memoir exposing the steep price consumers pay when facing mortgage servicing errors, inaccurate credit reporting, illegal debt collection practices, identity theft and weak consumer protection laws. THE BOOK » DENISE'S STORY »
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