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In most U.S. states, including California, home sellers must provide buyers with a written set of disclosures indicating what the seller knows about the property’s features, defects, history, and environment. A seller who hides a material defect can be sued later, when the buyer finds out about the problem (probably the

A valuable and groundbreaking source of data on wage garnishment has just been released by ADP, the nation’s largest payroll services provider. We immediately recalled a great paper by Rich Hynes about the paucity of wage garnishments in Virginia and Illinois in the mid-2000s. According to ADP, things have changed

Opinions vary on the issue of “how many” or the “right” number of credit cards you should have but one thing is certain, almost every single one of them is incorrect. The right number of credit cards has nothing to do with your actual number of credit cards and more

Newest score mines the nuances in recent consumer data to deliver increased predictive power FICO announced today that the new FICO® Score 9 introduces a more nuanced way to assess consumer collection information, bypassing paid collection agency accounts and offering a sophisticated treatment differentiating medical from non-medical collection agency accounts.

The Justice Department’s Civil Division announced today that RMCN Credit Services Inc. (RMCN), of McKinney, Texas, and the Texas residents who own it, Doug and Julie Parker, have agreed to settle a federal court case charging them with falsely disputing negative information on consumers’ credit reports and collecting illegal upfront

ANDERSON, OGILVIE & BREWER LLP ANNOUNCES PRELIMINARY APPROVAL OF THE SETTLEMENT IN HOLMAN V EXPERIAN INFORMATION SOLUTIONS, INC. On April 29, 2014, U.S. District Judge Claudia Wilken preliminarily approved the settlement of a class action against Experian Information Solutions in which our law firm represented the plaintiffs and class. The

Nearly 750,000 Consumers Harmed by Illegal Credit Card Practices WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) is ordering GE Capital Retail Bank (GE Capital), now known as Synchrony Bank, to provide an estimated $225 million in relief to consumers harmed by illegal and discriminatory credit card practices. GE

The CARD Act is giving consumers real protection, but the job isn’t finished. The CFPB has made great strides in protecting consumers with the passage of the CARD Act. This week marks the five-year anniversary of the passage of the CARD Act, a piece of legislation that cleaned up some

By Sarah Bainton Kahn   We’ve been hearing from foster youth who’ve experienced identity theft. One young man described moving into his first apartment and all of the new responsibilities that came with this milestone. When he went to set up his utilities, he found out that someone else’s unpaid

Thanks to the Internet, you can find information on practically anything nowadays – from how to keep your azaleas from dying, to what time your favorite restaurant closes, to how credit scores work. However, despite the combined efforts of personal finance experts, financial bloggers and news sites to educate consumers,