The Fair Credit Billing Act: What You Need to Know

  By: Robert J. Nahoum The Fair Credit Billing Act (FCBA) is a federal law that protects consumers from unfair billing practices. The FCBA applies to open-end credit accounts, such as credit cards, charge cards, and home equity lines of credit. The FCBA covers a wide range of billing errors, including: Charges that you didn’t make Charges for goods or […]

Benefits of Hiring an Attorney to Represent You in a New York Debt Collection Lawsuit

By: Robert J. Nahoum If you have been sued by a debt collector in New York, you may be feeling overwhelmed and unsure of what to do. You may be tempted to ignore the lawsuit, but this is a mistake. Ignoring a debt collection lawsuit can have serious consequences, including a default judgment against you. A default judgment is a […]

CFPB Issues Eye-Opening Report On The Use of High Cost Credit Cards to Pay for Medical Bills

The federal Consumer Financial Protection Bureau (CFPB) has issued an eye-opening report on the use of high cost credit cards to pay for medical and dental costs not covered by patients insurance. Here is what the CFPB had to say: WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) published a report on high-cost specialty financial products, such as medical […]

CFPB Updates “Summary of Your Rights Under the Fair Credit Reporting Act”

The Consumer Financial Protection Bureau (CFPB) has released an updated “Summary of Your Rights Under the Fair Credit Reporting Act” to educate consumers on their rights relating to credit reports. “The federal Fair Credit Reporting Act (FCRA) promotes the accuracy, fairness, and privacy of information in the files of consumer reporting agencies. There are many types of consumer reporting agencies, […]

Notorious Debt Collector Portfolio Recovery Associates in Trouble Again with the CFPB

The infamous debt collector Portfolio Recovery Associates is reportedly settling claims brought by the Consumer Financial Protection Bureau for violating a settlement the debt collector reach with the CFPB 2015. According to the CFPB The Consumer Financial Protection Bureau (CFPB) took action today against Portfolio Recovery Associates, one of the largest debt collectors in the nation, for violating a 2015 […]