In a groundbreaking move to improve financial equity, the Biden administration has announced a final rule that will eliminate unpaid medical bills from credit reports. This decision, revealed Tuesday, marks a transformative shift in how medical debt is treated in the financial system and is expected to benefit millions of Americans struggling with the weight
In a significant move to enhance consumer privacy and security, the Consumer Financial Protection Bureau (CFPB) has rolled out a proposed rule that could change the landscape of data brokerage in the United States. This rule aims to clamp down on the sale of sensitive personal and financial information by data brokers to individuals or
Understanding your rights under the Fair Credit Reporting Act (FCRA) is essential to protect your credit and financial well-being. The FCRA regulates how consumer reporting agencies collect, use, and share your credit information. However, errors on your credit report or background check can have severe consequences for your financial future. This is when hiring an
In recent years, the movement towards fair hiring practices has gained significant momentum, particularly with introducing “Ban the Box” laws. These laws are designed to prevent employers from asking about a candidate’s criminal history on job applications, ensuring that individuals with past convictions are given a fair chance to be evaluated based on their qualifications
The Telephone Consumer Protection Act (TCPA) places restrictions and regulations on telephone solicitors, such as telemarketers and debt collectors. Lawmakers created the TCPA to protect consumers from harassing, invasive, threatening, and unregulated calls and scams. Call types that must adhere to the regulations outlined in the Act include: Solicitors: Solicitors, such as creditors and debt
The U.S. Federal Trade Commission (FTC) is refunding nearly $25 million to more than 240,000 people who have been defrauded by the Next-Gen lottery sweepstakes scam in the United States, Canada, and many other countries. The FTC is sending affected consumers, largely consisting of senior citizens: Over $19 million in paper checks to 221,687 individuals
The truck driving industry has been reporting a lack of available drivers for many years. However, the truck driver shortage exacerbated supply chain disruptions during the pandemic more than ever, which has resulted in congested ports and empty shelves for retailers. According to the American Trucking Association’s (ATA) annual survey, the average wages for truck drivers
Francis Mailman Soumilas, P.C., recently filed a lawsuit on behalf of a Tennessee woman against Trans Union, LLC, Equifax Information Services LLC, Experian Information Solutions, Inc., and Genesis FS Card Services, Inc., in the U.S. District Court for the Eastern District of Pennsylvania, alleging the companies violated the U.S. Fair Credit Reporting Act. According to
Nearly 18 million Americans have been affected by a rise of consumer fraud on the money transfer platform Zelle, as well as the ongoing failure by the big banks that own the service to address the scams and provide appropriate redress to defrauded consumers. On April 26, 2022, U.S. Senators Bob Menendez, a senior member of the
If you have a poor credit score that is holding you back from securing a mortgage, a car loan, or being eligible for financial aid, there are legitimate credit repair services that can work with you to repair your damaged credit. They will thoroughly examine your credit report, identify negative items that are hurting your