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Credit repair is a $6.5 billion industry that's rife with fraud and scams. While credit repair companies often claim they can "erase" bad credit or boost your scores, claims like these are usually ...
8 warning signs of a debt collector scam. Receiving a call, email or letter from a company purporting to be a debt collector can spark alarm. Before disclosing any information, look for these ...
The Fair Debt Collection Practices Act (FDCPA), Pub. L. 95-109; 91 Stat. 874, codified as 15 U.S.C. § 1692 –1692p, approved on September 20, 1977 (and as subsequently amended), is a consumer protection amendment, establishing legal protection from abusive debt collection practices, to the Consumer Credit Protection Act, as Title VIII of that Act.
Combined with an earlier settlement with governmental entities, the award constitutes the largest settlement ever against a credit card company for alleged widespread unlawful business practices. Providian National Bank and its parent company, Providian Financial , were accused of deceiving and unfairly charging its customers since June 1995.
On July 14, 2009, the Minnesota Attorney General Lori Swanson brought a lawsuit against the National Arbitration Forum for consumer fraud, deceptive trade and false statements in advertising. [18] Key to their complaint was allegations that the NAF had deliberately hidden its ties to the businesses it represented and actively encouraged their ...
The application fee is $205, but that’s considerably cheaper than a possible 10% flat fee or percentage of the final settlement. For consumer information purposes, the IRS has a webpage devoted ...
Awareness of some of the most common credit card scams and how they operate can help consumers avoid these fraud cases. In fact, monitoring and protecting accounts against fraud is an important ...
The total value of the settlement will be about $7.25 billion. [9] [10] This amount could be decreased based on the number of plaintiffs who opt-out. [11] A part of the settlement that allows merchants to charge fees to customers paying via credit card in order to recoup swipe fees took effect on January 27, 2013.