AACCP Issues Consumer Alert Against Fraudulent “Credit Privacy Number” Scams by Rogue Credit Repair Firms
The American Association of Consumer Credit Professionals (AACCP) issued a warning to consumers today regarding recent reports of a rise in fraudulent “credit privacy number” scams by scam artists posing as credit repair professionals. The Federal Trade Commission (FTC) identifies “credit privacy numbers” as a type of credit repair scam that every consumer should be […]
Important Compliance Update: CFPB v. Progrexion and Lexington Law
If you are in the business of helping consumers with their credit reporting problems, you know about the CFPB’s lawsuit with Lexington and Progrexion, and you know something just happened involving the Telemarketing Sales Rule (TSR), but what? To fully understand the impact of the court’s ruling, some TSR background is helpful. The TSR defines […]
ICYMI: Consumer Groups Press for Bill to Reform Credit Reporting
New legislation would make it easier for consumers to seek help from professionals to repair their credit Washington, DC- On Friday, Public News Service published an article on the efforts by the American Association of Consumer Credit Professionals (AACCP) and its coalition partners to close an anti-consumer loophole in the Fair Credit Reporting Act (FCRA). The piece […]
Press Call Offers Reminder of Urgency to Repeal Anti-Consumer Credit Repair Loophole Following Recent Equifax Credit Errors Controversy
Access an audio recording of yesterday’s call with Rep. Al Lawson, African American Empowerment Coalition, and AACCP HERE Washington, DC- On a press call held yesterday, Rep. Al Lawson, Reverend Andre Chapple with the African American Empowerment Coalition and the American Association of Consumer Credit Professionals (AACCP) reflected on the Equifax error controversy and how it highlights […]
American Association of Consumer Credit Professionals Responds to CFPB Videos on Credit Reporting
Consumers need to know about their rights to seek help from credit repair professionals Washington, DC: The American Association of Consumer Credit Professionals (AACCP) responded today to a series of videos released last week by the Consumer Financial Protection Bureau (CFPB) on how consumers can repair and improve their credit. The AACCP has partnered with […]
AACCP Statement On Equifax’s Breach Affecting Millions Of Americans
Washington, DC- On Tuesday, the Wall Street Journal broke the news that Equifax wrongly sent out incorrect credit scores for millions of Americans as they were trying to buy homes and cars. Reportedly, the errors changed some customers’ scores by as much as 20 points, causing them to be rejected for loans through no fault of their […]
A Credit Attorney Shares Critical Insights On Credit Repair In New Book
Lexington Law’s John Heath lists the steps to effective credit repair, the laws protecting consumers’ rights, and how to navigate the credit repair industry Washington, DC—In a new ebook, Inside Credit Repair: Insights from a Credit Attorney, John Heath, directing attorney at Lexington Law Firm, shares his insider knowledge on the credit repair industry and provides a […]
Credit Repair Organizations Urge CFPB to Rescind Rule Preventing Human Trafficking Survivors From Seeking Help to Repair Their Credit
Washington, DC—Leading consumer advocates and Credit Repair Organizations (CROs) Lexington Law Firm and Progrexion are calling on the Consumer Financial Protection Bureau (CFPB) to support human trafficking survivors by rescinding language in a new rule that will have dire unintended consequences for victims. Recently, the CFPB proposed a new rule ostensibly designed to help victims […]
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 […]