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The Fate of the CFPB Consumer Complaint Database? To Be Determined. — Consider The Consumer

Well, what do you think? Should consumers, businesses, etc., be allowed to have access to complaints others have shared about different companies? Should there be a database that holds these in one place? 1,215 more words

via The Fate of the CFPB Consumer Complaint Database? To Be Determined. — Consider The Consumer

I believe that the CFPB consumer complaints database should be public information.

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New Consumer Threat: Cell Phone Account Fraud — Consider The Consumer

Cell Phone Account Fraud is the newest consumer threat we must be wary of! This occurs when thieves (and other shady individuals) open up phony cell phone accounts in someone’s name, using the accounts to access bank accounts, sign up for credit cards, or even sell the phone number for other criminals to use. Cell…

via New Consumer Threat: Cell Phone Account Fraud — Consider The Consumer

If Wells Fargo Calls To Offer You An Equity Loan On Your Car… Say No. — Consumerist

Over on the Credit Slips blog, Elizabeth Warren posted an email from a bankruptcy lawyer who was stunned at the horrible deal one of her clients got from Wells Fargo on an equity loan on a car.

via If Wells Fargo Calls To Offer You An Equity Loan On Your Car… Say No. — Consumerist

 

TO FIGHT THE GOOD FIGHT … OR NOT!

Excellent advice, particularly the advice to channel your rage into learning all the facts about your case so that you can empower yourself and avoiding the urge to feel a sense of entitlement.

Clouded Titles Blog

OP-ED — THIS IS STEP THREE OF A 3-PART SERIES BY DAVE KRIEGER, AUTHOR OF CLOUDED TITLES

I have conducted intense research for over ten years on chain of title issues and what it means for affected homeowners.

Foreclosure mill attorneys could care less about the chain of title, so long as they can come up with a game plan to steal the property, even if it means participating in the manufacturing of title documents that create standing for their client to allow their little “scalping party” to appear in court.

Once the mess of confusion has subsided and the educational process has begun, the average homeowner discovers (over time) that the method by which the alleged “lender” has preyed upon them has imbued them with a combination of guilt, rage, entitlement or empowerment or the combination of one or more of the above.  This is where things get tricky…

View original post 2,896 more words

Duke Law: The Bootstrap Trap

The corporate owned media is constantly repeating the mindless mantra that a person’s credit score is so important. That is only true up to a point. It is better to live as frugally as possible and to save up and pay cash for items whenever possible to avoid having to borrow unless absolutely necessary. But you will rarely, if ever, find any mention of this strategy in the major media.

Livinglies's Weblog

The Bootstrap Trap

By J. Guggenheim

Duke Law Professor Sara Sternberg Greene’s paper The Bootstrap Trap  describes the tragic oppression of consumer credit on low-income households as people strive desperately to become secure and self-sufficient and the limited influence of poverty law. Professor Sternberg Greene, a practicing sociologist, evaluates the disturbing impact of credit scores on low-income consumers’ lives- that are also applicable to the middle class living paycheck-to-paycheck.

“…..respondents referred to their credit reports or scores as “the most important thing in my life, right now, well besides my babies,” as “that darned thing that is destroying my life,” and as “my ticket to good neighborhoods and good schools for my kids.” Many respondents believed that a “good” credit score was the key to financial stability.”-Greene

“One respondent, Maria, told a story about a friend who was able to improve his score.  She said…

View original post 514 more words

Recent class action lawsuits you may be eligible for

Via Class Actions Reporter TCPA Rules The Day Still Here is this week’s update on class actions and settlements. Clearly violations of the TCPA rule the day. Not sure what the TCPA is? You have to read one of the many lawsuits with TCPA in the title. Class Action Lawsuits Nextgen Leads TCPA Class…

via Recent Class Actions You May Be Eligible For — considertheconsumer

Equifax waited several months before fixing their security issues

Welp, the saga continues. After about a week’s worth of news damaging the company name, it surfaced this morning that Equifax waited months before finally admitting to having to fix a widely known vulnerability in its security software which enabled hackers to compromise the personal information of as many as 143 million US consumers. “We know that criminals…

via BREAKING: Equifax Waited Months Before Fixing Their Security Issues — considertheconsumer

That is outrageous that Equifax waited several months before they fixed the vulnerability in their security software, and also waited several months before disclosing that they had been hacked.

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