New court data show surge in cases related to consumer issues in fiscal 2009 The number of new cases in federal courts related to consumer issues surged in the year ended last Sept. 30 as Americans battered by the recession fought foreclosures ...
The Securities and Exchange Commission today released findings from extensive 10-month examinations of three major credit rating agencies that uncovered significant weaknesses in ratings practices and the need for remedial action by the firms to provide meaningful ratings and the necessary levels ...
The Securities and Exchange Commission today voted to formally propose a comprehensive series of credit rating agency reforms to bring increased transparency to the ratings process and curb practices that contributed to recent turmoil in the credit markets. "The events of recent ...
<div id="subtitle">Opt-out credit reports can run up big bills quickly</div><div><p>At the beginning of a new year, many consumers check their credit reports, taking advantage of the federal law that allows them once a year to access reports from all three credit reporting ...
<div id="subtitle">An organization that sells consumer information, including names, Social Security numbers, credit card numbers and credit histories, has settled Federal Trade Commission charges that it failed to properly screen potential customers, leading to the sale of at least 318 reports to ...
<div id="subtitle">Dispute with Fair Isaac leads to cutoff after February 15th</div><div><p>For years, consumers have had it drilled into them that it's essential to check credit scores from the three major credit bureaus — Experian, Equifax, and Trans Union — before applying for ...
<div><p>From Crain's: "The percentage of borrowers in New York City seriously delinquent on their mortgages will nearly double by the end of next year, according to an estimate released today by TransUnion. By the end of 2009, 6.2% of mortgage holders in ...
<div id="subtitle">Attorney General accuses credit bureau of not providing security freezes</div><div><p>Equifax Information Services has agreed to pay $65,000 to resolve allegations that the company failed to comply with Indiana's security/credit freeze law.</p><p>In a recently approved consent ...
