2016 Report: FDCPA Down, FCRA & TCPA Up

Quick analysis: 2016 Year in Review: FDCPA 12% Down, FCRA Up 3.9% & TCPA Up 31.8% 2016 ended about as we expected, with: A significant loss of traction for FDCPA, down 12% from 2015 (though, notably, still higher than 2014) FCRA more or less treading water with a less-than-anticipated 3.9%

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Consumer Rights to Know Regarding Adverse Action

Four core federal consumer financial laws—the Truth in Lending Act (and Reg Z), the Electronic Fund Transfer Act (and Reg E), the Real Estate Settlement Procedures Act (and Reg X) and the Equal Credit Opportunity Act (and Reg B)—all have a mechanism whereby a consumer has a

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CFPB Releases Report Detailing Problems in Credit Reporting Industry

The Consumer Financial Protection Bureau (CFPB) has released a special report that details the problems in the credit reporting industry that the CFPB has uncovered and corrected through oversight work and outlines actions the CFPB has taken to address these problems such as fixing data accuracy at credit reporting companies,

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Business Opportunity Scheme Operators Banned from Telemarketing and Selling Investment Opportunities; Will Return Millions to Consumers

The operators of a telemarketing scheme charged with bilking millions of dollars from consumers, many of whom are seniors or military veterans on fixed income, will pay approximately $7.5 million in consumer redress under a settlement with the Federal Trade Commission. The stipulated final order also prohibits the defendants –

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