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  2. Criticism of credit scoring systems in the United States

    en.wikipedia.org/wiki/Criticism_of_credit...

    Credit scoring systems in the United States have garnered considerable criticism from various media outlets, consumer law organizations, [1] government officials, [2] debtors unions, [3][4] and academics. Racial bias, [5] discrimination against prospective employees, [6] discrimination against medical and student debt holders, [7] poor risk ...

  3. Credit scorecards - Wikipedia

    en.wikipedia.org/wiki/Credit_scorecards

    A credit score is primarily based on a credit report, information typically sourced from credit bureaus. [2] Lenders, such as banks and credit card companies, use credit scores to evaluate the potential risk posed by lending money to consumers and to mitigate losses due to bad debt. Lenders use credit scores to determine who qualifies for a ...

  4. Bose Corp. v. Consumers Union of United States, Inc.

    en.wikipedia.org/wiki/Bose_Corp._v._Consumers...

    The Court held, on a 6–3 vote, in favor of Consumers Union, the publisher of Consumer Reports magazine, ruling that proof of "actual malice" was necessary in product disparagement cases raising First Amendment issues, as set out by the case of New York Times Co. v. Sullivan (1964). The Court ruled that the First Circuit Court of Appeals had ...

  5. Personal loans are masking Americans’ credit card problems

    www.aol.com/finance/personal-loans-masking...

    According to LendingTree, the average balance for those who paid off between $1,000 and $4,999 in credit card debt with a personal loan saw their average balance dip from $9,541 to $7,004 two ...

  6. Fair and Accurate Credit Transactions Act - Wikipedia

    en.wikipedia.org/wiki/Fair_and_Accurate_Credit...

    The Fair and Accurate Credit Transactions Act of 2003 (FACT Act or FACTA, Pub. L. 108–159 (text) (PDF)) is a U.S. federal law, passed by the United States Congress on November 22, 2003, [1] and signed by President George W. Bush on December 4, 2003, [2] as an amendment to the Fair Credit Reporting Act. The act allows consumers to request and ...

  7. US consumer watchdog will apply credit card rules to ... - AOL

    www.aol.com/news/us-consumer-watchdog-apply...

    Hannah Lang. May 22, 2024 at 9:46 AM. By Hannah Lang. (Reuters) -The U.S. Consumer Financial Protection Bureau will apply some credit card consumer protection rules to buy now, pay later (BNPL ...

  8. Consumer Reports - Wikipedia

    en.wikipedia.org/wiki/Consumer_Reports

    Employees (2019) 592. Website. www.consumerreports.org. Consumer Reports (CR), formerly Consumers Union (CU), is an American nonprofit consumer organization dedicated to independent product testing, investigative journalism, consumer-oriented research, public education, and consumer advocacy. [2] Founded in 1936, CR was created to serve as a ...

  9. 10 unscrupulous scams that target senior citizens - AOL

    www.aol.com/finance/10-unscrupulous-scams-target...

    Spokeo warns to watch out for these 10 senior citizen scams that target their hard-earned savings. 1. Romance Scams. Flattery has no expiration date, and many a lonely or bereaved senior has found ...

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