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 […]
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 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 […]
Debt Collectors are Still Abusing Consumers Despite Covid Relief Limits, Says Consumer Financial Protection Bureau Annual Complaint Report
Consumer Financial Protection Bureau Annual Complaint Report Reveals Stark Increase in Complaints on Debt Collectors by Consumers WASHINGTON, DC – The following statement was issued by the American Association of Consumer Credit Professionals. “Earlier today, the Consumer Financial Protection Bureau (CFPB) released its Annual Report on consumer complaints for 2020, revealing that despite protections put in […]
Many Americans are struggling with thousands of dollars’ worth of debt due to things like mortgages, car loans, student loans, credit cards and other types of personal debt.
WASHINGTON, DC – This has been a better week for American consumers. Congress passed a new round of Covid relief with additional direct payments to most American consumers and extended unemployment benefits. Weekly jobless claims are still unacceptably high, but they were at a four-month low this week. And the House Financial Services Subcommittee on […]
No matter what kind of financial situation you’re in, it’s essential to understand that credit privacy numbers are a scam—not a solution.
As a consumer in the United States, you have rights when it comes to debt collection. Collection agencies and other types of third-party debt collectors must follow certain rules outlined by the government.
From inflated advertising claims to illegal payment plans, credit repair scams can be tricky to spot. Consumers need to know what to watch out for so they can protect themselves when seeking credit repair help.