TransUnion shared with their sales team that CRAs will be removing tax liens and judgment data not up to standards during the week of July 10th, and not on July 1st as widely reported. Also, TransUnion will be removing ALL judgments. Therefore, one may need to adjust their verification plans.
Neil Gorsuch’s first SCOTUS decision might confuse you if you aren’t sure of your rights when it comes to debt collectors. This is what to know.
The Supreme Court unanimously ruled on Monday that the Fair Debt Collection Practices Act, or FDCPA, does not allow people who think they’re experiencing abusive debt collection practices to sue banks that have bought defaulted loansfrom another lender. The decision, published by newly appointed Justice Neil Gorsuch, means
The Department of education issued a bulletin nothing that Transunion has announced that it will re-introduce their student data for all consumers effective June 1, 2017. This hasn’t been done for years. What does this means and how it can affect you or your clients? If the student loan data
We know that many are sharing that you do not need to have the client sign their dispute or validation letters. Some are having success without incidents. BUT within the last month there has been a surge of calls from members receiving Authorization to Release letters from creditors or furnishers
Notice: The Department of education issued a bulletin nothing that Transunion has announced that it will re-introduce their student data for all consumers effective June 1, 2017. This hasn’t been done for years. What does this means and how it can affect you or your clients? If the student loan
By John Ulzheimer The credit reporting agencies (CRAs) have access to a lot of information about you. Some of that information is included on your credit reports and some of it is not. For example, although public criminal records are available to anyone (the CRAs included) that information is not
By John Ulzheimer The world of credit can be a very confusing place, and we credit-types tend to speak in acronyms. Many of the terms and these acronyms can sound alike, which only adds to the confusion. In my world, the world of credit reporting and credit scoring, using the
By John Ulzheimer The world of credit is full of terms and acronyms that sound completely foreign to most consumers. Automated Consumer Dispute Verification forms, better known as ACDVs, fit firmly within this category of funny sounding acronyms. And although “ACDV” may not roll smoothly off the tongue, they play
On April 20, 2017, the CFPB sued nonbank mortgage loan servicer Ocwen Financial Corporation and its subsidiaries (collectively, “Ocwen”) in the U.S. District Court for the Southern District of Florida. The Bureau’s complaint alleges violations of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Fair Debt Collection Practices
By June 8, 2018, The CRAs will no longer reject a consumer’s second dispute (with the exception of disputes from credit repair companies) solely because a consumer had submitted a dispute in the previous 3 years. Note: consumers may be required to submit supporting documentation in order to