The Federal Trade Commission this week released a report listing top complaints consumers filed with the agency in 2009. It shows that while identity theft remains the top complaint category, "reported" identity theft complaints declined 5 percentage points from 2008.Some...
February 2010 Archives
Erica Possin deserves a parade, or at least a round of applause. Erica, a college student, is standing up to the mammoth credit bureau Experian as the lead plaintiff in a class action lawsuit filed against FreeCreditReport.com (a/k/a Experian). The...
For all too long, the credit industry has had its tentacles firmly clasped upon consumers in all age brackets and income levels. Designed to lift those tentacles one by one, the Credit Card Accountability, Responsibility, and Disclosure (CARD) Act of...
These days the phrase "home robbery" is synonymous with stolen homes and mortgage nightmares. It used to mean that belongings had been stolen out of your home, but nowadays when we hear "home robbery," more and more homeowners say it...
This week the Federal Trade Commission launched "Operation Bottom Dollar" and a new video announcing their effort to crack down on con artists who are preying on the unemployed with job-placement and work-at-home scams, promoting empty promises that they can...
Dealing with a collection agency can be a stressful experience. Not only are some debt collectors rude, but endless demanding telephone calls and letters can shake even the toughest individual. The stress and confusion that debt collectors can cause often...
Privacy experts are concerned about a myriad of security risks associated with the latest "Smart Meter" technology -devices that when installed would measure the level of personal power usage in homes and businesses. Privacy expert and Executive Director of ACCESS,...
Identity theft has many damaging effects, and one of the most problematic for consumers is the reporting of false or fraudulent information on their credit reports. One would logically assume that US banks would be legally accountable to consumers for...
Image via WikipediaEven though the Obama administration created a $75 billion program to limit foreclosures and help make homes more affordable through loan modifications -I think it's fair to say that the program isn't working as intended. When questioning why...
Michael and Marilyn Elliott's mortgage was paid in full but that didn't stop their mortgage servicing company Ocwen Bank from moving to foreclosure on their home. Marilyn and Michael Elliott learned that a default judgment had been entered against them...
More and more credit card companies are taking steps to ensure that all of their credit card accounts are profitable and that means cutting credit limits, raising interest rates, charging annual fees and initiating inactivity fees.Up until recently, credit card...
The New York Attorney General's office announced today that they're charging Bank of America and its former CEO Ken Lewis with fraud. The charges stem from BofA's disastrous merger with Merrill Lynch and their alleged failure to disclose important information...
Existing laws and policies don't seem to be enough for lenders here in Florida when it comes to foreclosures. Claiming that finalizing foreclosures are both "time-consuming and expensive" they're looking to speed up the process. If members of the Florida...
The recent economic stimulus package included billions of education dollars. We all know that whenever large sums of money are involved, it is of utmost importance to follow its trail -- right from the start! How else do we know...
Pennsylvania homeowners Margaret and John Krenitsky were hit with some tough news. John was laid off and Margaret learned she was living with a brain tumor. Most of us, myself included, would think that's enough for any family to deal...
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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