Credit Report Changes Could Boost Your Score
The big 3 credit bureaus in the U.S. plan to adjust reporting information on July 1. Here’s how these new credit report changes could boost your score...Read full article
Category: Consumer Rights
Stay up-to-date on consumer rights and the latest financial regulations in the U.S.
Federal regulations can have a big impact on your bottom line. Learn how the latest measures out of Congress and our administration can affect your household finances. Plus, get information on court rulings that can change the face of consumer rights in the U.S.
The more you understand the laws and regulations that shape our economy, the easier it is to succeed. Make our national financial systems work in your favor and protect your rights with these articles! If you have any questions or need help understanding federal consumer laws, visit Consolidated Credit’s Understand Your Rights section.
New Protections for Prepaid Credit Cards
If you use prepaid credit cards to avoid high-interest debt, the CFPB has some new prepaid card protections that will affect your usage and accounts...Read full article
Protecting Servicemembers from Financial Abuse at Home
Servicemembers on active duty deployment are protected by the SCRA, but you need to educate yourself to ensure your financial rights aren’t violated...Read full article
FCC Closes TCPA Mobile Gaps
Tired of prerecorded robocalls about debt collections that may or may not be your accounts? The FFC delivered a ruling that puts an end to this practice...Read full article
Minnesota Senate Passes Medical Debt Relief
The Minnesota Senate passed a medical debt bill, which gives residents the right to go to court and halt collection proceedings on their medical debt...Read full article
The Role of Race in Real Estate
A new study by Zillow finds two major minority groups face more mortgage denials and slower property value recovery in the housing market...Read full article
2014 Debt Collection Complaints
The CFPB has released their first annual report of debt collection complaints. Learn what challenges other consumers faced from collectors last year...Read full article
A Positively Awful Problem: Negative Options
The Executive Director of the Association of Credit Counseling Professionals talks to us about damaging hidden and recurring charges on credit cards...Read full article
Debt Collectors Face New Rules in New York
Learn how new regulations imposed by the New York state court system could affect you if you’re facing default judgments on credit card debt collection...Read full article
Will Congress Overhaul the Fair Credit Reporting Act?
Lawmakers want to overhaul the legislation that governs consumer credit reports, but are the proposed changes really good for the average consumer?..Read full article
A very brazen scam is shut down
Here’s what happens when you mix loose security with threatening scam artists...Read full article
Debt Settlement Companies Continue to Damage Consumers’ Credit
Debt settlement programs remain a problem for many consumers in debt because they don’t settle their financial problems in the right manner...Read full article
New CARD Act rule may give more people credit access
The economic collapse of 2008 resulted in sweeping changes to credit card regulations throughout the country that were designed to provide more protection to consumers...Read full article
Consumers May Pay High Price for Errors on Credit Reports
Errors on credit reports lead to lower consumer credit scores. If your report contains errors, you could end up paying more for new financing...Read full article
Kiplinger Editors Address Tax Planning in Free Live Web Chat
As consumers wonder how they will be affected if the Bush tax cuts expire and who’s at risk of paying higher taxes, Kiplinger offers a free live web chat...Read full article
Debt Collectors Use Social Media in Collection Pursuits
Facebook, Twitter, LinkedIn are popular ways to stay in touch, but you should know that debt collectors use social media to find you when it's time to pay...Read full article
New Complaint Database Allows Transparency to Consumers
Consolidated Credit is urging consumers to take advantage of a newly released public complaint database to make informed and educated credit decisions...Read full article
Put a stop to illegal debt collection tactics
Don't let debt collectors cross the line! Learn what debt collection tactics violate your rights according to the Fair Debt Collection Practices Act...Read full article
Head of CFPB can expect heavy fire
President Obama has drawn fire for installing a top executive for the government agency tasked with protecting consumers from predatory lending practices...Read full article
Consumer protection bureau will focus on more financial products
CFPB recently received its first top executive thanks to a recess appointment by President Barack Obama, and is already expanding its scope...Read full article
CFPB Ombudsman’s office open for business
When Americans call the CFPB to file predatory lending practice complaints, they can rest assured their concerns aren't getting lost in a file somewhere...Read full article
Senate pushes back approval of CFPB head
Despite a push to confirm the top position in the federal government's consumer protection agency, Senate Republicans delay the decision until January...Read full article
Debt collection agency complaints racking up
The number of consumers who are filing complaints with the Federal Trade Commission regarding improper practices by debt collection agencies is surging...Read full article
CFPB seeking consumer comment on disclosures
The CFPB is asking consumers for comments and feedback about credit card disclosures to see if credit issuers need to improve communications...Read full article
