One of the three credit bureaus, Equifax, has settled charges that it illegally sold consumer information to marketers selling debt relief products.
The Federal Trade Commission, will be cracking down on deceptive and false advertising by car dealerships. The agency recently went after five car dealerships for stating that they would pay off a consumers’ trade-in regardless of the amount owed. The dealers were not absorbing any difference between the car’s trade-in value and the owner’s loan
The Association of Credit and Collections Professionals, known as ACA International, has introduced a “blueprint” of policy initiatives that the group says would update the debt collection industry’s antiquated practices. Consumers who’ve missed one or more credit card payments may be interested. A key goal, mentioned repeatedly in the group’s press statement, is the removal
Looking for help settling credit card debt? Watch out for fees. A consortium of nonprofit credit counseling agencies filed a joint complaint letter to the Federal Trade Commission, claiming that some debt settlement companies are skirting new federal rules and charging excessive upfront fees. The letter was signed by the chief executives of 11 prominent