Most credit card consumers experience problems with credit card bills at some point in their lives. A merchant might bill them twice for the same item or bill them for more than the agreed-to amount. Mail-order merchandise might never arrive, but a charge will appear on the consumer’s credit card bill. Thieves might use the…
These bills protect workers from an unfair and harmful practice that threatens their ability to re-enter or remain in the workforce as they struggle back to normal in the wake of the COVID crisis–namely using credit reports to deny workers jobs or promotions, or even terminate them. The use of credit reports in employment decisions…
Credit reports and scores, tenant and employment screening reports, and other background checks all impact fundamental necessities in a consumer’s life: the ability to rent an apartment or buy a home, obtain insurance, find a job, or obtain fairly priced credit. Yet each one of these categories of “consumer reports” has serious systemic problems, and…
Read More about 2023 Credit & Consumer Reporting Priorities to Promote Economic Stability
The National Consumer Law Center (NCLC) issued a 2019 report, Don’t Add Insult to Injury: Medical Debt & Credit Reports, detailing the severe burden medical debt places on consumers, particularly the consequences of the presence of medical debt on consumer credit reports. Over three years later, there have been many developments on the national and…
Read More about Don’t Add Further Insult to Injury: Medical Debt & Credit Reports
BOSTON – In reaction to today’s release by the Consumer Financial Protection Bureau (CFPB)’s of a report detailing improvements and deficiencies in the responses of the Big Three credit bureaus [Equifax, Experian and TransUnion] to complaints filed with CFPB, Chi Chi Wu, staff attorney at National Consumer Law Center, issued the following statement: “Today’s CFPB…
Read More about CFPB Report Shows Progress in Taming Credit Bureaus’ Mistreatment of Consumers
Testimony of Chi Chi Wu, National Consumer Law Center before the Subcommittee on Financial Institutions and Consumer Credit of the U.S. House of Representative Committee on Financial Servicesregarding “Legislative Proposals for a More Efficient Federal Financial Regulatory Regime.”
