Consumer Protection Legislation Introduced to Repeal Loophole in Fair Credit Reporting Act
New legislation would make it easier for consumers to seek help from professionals to repair their credit Washington, DC- On Monday, May 31, 2022, Rep. Al Lawson (D-FL) introduced landmark consumer protection legislation to restore Americans’ right to seek help to improve their credit by repealing a loophole in the Fair Credit Reporting Act (FCRA) […]
Lexington Law and Progrexion Launch New Initiative With Anti-Recidivism Coalition to Bring Financial Literacy and Credit Repair to Constituents
Last weekend, at the annual retreat for the Anti-Recidivism Coalition (ARC), Lexington Law and Progrexion launched a new partnership with the ARC to help formerly incarcerated people achieve financial independence, empowerment, and a fair, accurate, and substantiated credit profile. The organizations held individual meetings with members to offer free credit repair services and announced the […]
Diverse Groups Representing Millions of California Consumers Oppose Anti-Consumer Assembly Bill 2424
Washington, DC- Diverse groups from across California continue to announce their opposition to Assembly Bill 2424, anti-consumer legislation that would make it harder for Californians to climb out of the consumer debt crisis. The African American Empowerment Coalition, the California League of United Latin American Citizens, SEIU California, the National Asian American Coalition, the National […]
The Four Most Important Takeaways from the CFPB’s Brutal Analysis of the Credit Reporting System
The Consumer Financial Protection Bureau (CFPB) yesterday released a major report detailing how an already broken dispute process in the credit reporting system has gotten even worse, reaffirming the need for every American to have the right to get help navigating this. The CFPB found that consumers were provided relief on just 2% of complaints in 2020, […]
16-year industry veteran discusses what it’s like to help people realize their dreams
The data that’s gathered for credit reports comes from a variety of places. Some of it today is automated. That complexity has led to plenty of room for errors. That’s when credit repair professionals come in. They answer all consumer questions and walk consumers through the next steps and possible solutions.
Credit Reporting Agencies Deflect Blame, Offer No Remedies for Surge in Consumer Dissatisfaction with Credit Reporting System
Washington, DC—Representatives of the three national credit reporting agencies (CRAs) provided consumers no answers for how they were going to make the credit reporting system more responsive at a House Financial Services Committee hearing prompted by an unprecedented surge in consumer complaints. Equifax, Experian, and TransUnion were called to testify after the Consumer Financial Protection […]
House Financial Services Committee Holds Hearing on Consumer Credit Reporting
Today, the heads of Equifax, Experian, and TransUnion will testify before the House Financial Services Committee for the increase in consumer complaints to the CFPB. Washington, DC — Ahead of today’s hearing on Consumer Credit Reporting: Assessing Accuracy and Compliance Liz Shrum, Senior Advisor and Spokesperson for the American Association of Consumer Credit Professionals (AACCP), […]
ICYMI: American Banker Reports on a Surge in Consumer Complaints Against the Credit Reporting Industry
On Wednesday, the heads of Equifax, Experian and TransUnion will testify before the House Financial Services Committee for the increase in consumer complaints to the CFPB. Washington, DC — Late last month, The American Banker covered a massive and unprecedented “2020 spike” in complaints from consumers to the Consumer Financial Protection Bureau (CFPB) regarding errors […]
Which Option Is Right for You: Credit Repair or Credit Counseling?
Anyone can be impacted by bad credit, and it can follow them around for years if it isn’t addressed. Credit repair and credit counseling services are both valid options for individuals with credit issues, but these services are fairly different.
Consumer Credit Industry Applauds Texas Court Ruling
Consumer credit advocates are recognized for their legitimate role in advocating on behalf of the consumer for access to fair and accurate credit Washington, DC – On Thursday, April 1, 2021, the United States 5th Circuit Court of Appeals affirmed a decision from the United States District Court for the Northern District of Texas and […]