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, […]
CFPB Updates “Summary of Your Rights Under the Fair Credit Reporting Act”
The Equifax Data Breach
By: Robert J. Nahoum Equifax, one of the nation’s top credit reporting agencies, recently reported that the private data of roughly 143 million Americans had been compromised due a security hack. It was also revealed that Equifax did not make the hack publicly known until a month and half after Equifax became aware and after Equifax management sold millions of […]
Four Smart Tips For Disputing Credit Report Errors
Four Smart Tips For Disputing Credit Report Errors By: Robert J. Nahoum A Federal Trade Commission study of the U.S. credit reporting industry concluded that 25% of consumers had errors on one of their three major credit reports. With 322,583,006 people in America that means that more than 80 million Americans have errors on their reports. Common errors found in […]
A Smart Tip For Monitoring Your Credit For Free
By: Robert J. Nahoum A Federal Trade Commission study of the U.S. credit reporting industry concluded that 25% of consumers had errors on one of their three major credit reports. With 322,583,006 people in America that means that more than 80 million Americans have errors on their reports. Common errors found in credit reports include: Outdated information (usually older than […]