Mobile Apps May Violate Fair Credit Reporting Act: FTC
The Federal Trade Commission is warning marketers that background screenings through six mobile applications may be violating the Fair Credit Reporting Act.
The FCRA protects the privacy of personal information ...
Balance Transfer Day: Be Careful With This Credit Card Strategy
The latest anti-big bank crusade is called Balance Transfer Day and urges consumers to ditch high-interest credit cards and move into promotional zero-percent cards from smaller institutions.
The Facebook page for ...
New Credit Report Dives Deeper into Consumer Payment History
If you are taking out a mortgage or equity line of credit, a new credit report with more detailed data on your financial history is now available to lenders and will soon include a new score to better determine ...
More Credit Card Reform: Penalty Fee Limits Take Effect
A new round of credit card rules take effect today, including a $25 penalty fee cap, a ban on “inactivity fees” and a “one-fee limit” that prevents card issuers from piling on fees for a single event or ...
FTC Warns 18 Websites of ‘Free Credit Reports’ Rule
The Federal Trade Commission has sent “warning letters” to 18 websites that claim to offer free credit reports, alerting the owners that they must comply with a new disclosure law.
The FTC’s amended Free Credit ...
Free Credit Scores Now Part of Financial Reform Bill
Those denied a loan or credit card, or turned down for a job because of credit history, will be able to get a free credit score, according to an amendment passed by the Senate as part of the broader financial oversight ...
FTC: Credit Card Debt Settlement Tips, Red Flags
The Federal Trade Commission today is urging caution for those with mounting credit card debt who seek companies that promise “pennies on the dollar” solutions.
There is no guarantee that a debt settlement company ...
‘Free Credit Reports’ Rule Applies to TV, Radio Ads on Sept. 1
The new required disclaimer for credit monitoring services promoting “free credit reports” on websites and print publications took effect April 2.
Those ads must remind consumers that they are entitled ...
Rule Clarifying Online ‘Free Credit Report’ Offers in Effect
A new Federal Trade Commission rule that helps consumers avoid confusion over those ads for “free credit reports” – which often require them to buy credit monitoring or other services – takes effect today.
Those ...
FTC: Dispute Credit Report Item Directly with ‘Furnisher’
Consumers will be able dispute inaccurate information about them directly with the information furnishers, including financial institutions that provide negative items to the three credit reporting agencies, according ...
