Once again, my favorite consumer attorney, Leonard Bennett, is taking the credit bureaus to task. He contributed to a January 2009 report to the FTC which documents the way credit bureaus investigate consumers disputes (the report was written by Chi Chi Wu). It concludes credit bureaus are breaking the law [...]
Entries Tagged as 'Congress'
Credit Bureaus Employ Illegal Methods to Investigate Disputes
July 23rd, 2009 · 6 Comments · Credit Bureaus and Scores, Credit Repair, Credit Reports
Tags: automated investigations·Congress·credit report disputes·Credit Reports·eOscar·Equifax·FCRA·FTC·Good Credit·information furnisher·investigations·Leonard Bennett
Speak Up! Your Chance to Comment on Credit Card Rules
July 7th, 2008 · 2 Comments · Consumer Debt, Credit Cards
Tired of dirty little tricks by the credit card companies like that unexpected interest-rate increase on your credit card and confusing grace period? The Federal Reserve is accepting public comments through Aug. 4 on new credit-card rules it proposed in May. If the Fed decides to adopt them, card-issuers will need to follow them. [...]
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Tags: Congress·Credit card·Disclosures·Federal Reserve·Grace Periods·Interest Rates·Public Comment·Rules·Two Cycle Billing