In September, Wells Fargo employees were caught secretly creating millions of unauthorized bank and credit card accounts since 2011. These accounts gave the bank an increase in its sales figures and profit. What Happened? According to the Consumer Financial Protection Bureau, employees enrolled their customers in online banking services by creating fake PIN numbers and
Credit Report Errors can devastate and cost you big time! Credit report errors can lower your credit score. A low credit score can result in higher interest rates on your credit card bills, home mortgage, and student loans, denial of loan and credit offers, and affect your U.S. government clearance. Background check errors can result
Identity theft occurs when a person’s financial or personal information is taken for the sole purpose of assuming that person’s identity in order to make transactions or purchases. Once a person’s identity is stolen, they may have difficulty removing errors from their credit report. It may also negatively impact their ability to get a job
It’s not uncommon for debt collectors to dish out empty threats to intimidate and pressure consumers into taking action on a debt. These threats are illegal and are used to get consumers to agree to make some kind of payment, even when there’s no proof of the consumer actually owing the debt. While there are
What is Zombie Debt? The Federal Trade Commission (FTC) defines zombie debt as “debt you think is dead, gone, and forgotten, but has somehow come back to life.” Zombie debt can be a result of a multitude of things, and knowing what it is, where it came from, and how to dispute it is critical.
So you have applied for a new job and are now anxiously awaiting the final offer. You know they are just doing a routine background check and once they get it back the job is yours. No worries….right? Even if you do not have a criminal history, you should be concerned about what may show
Clients of Francis Mailman Soumilas, P.C. were reported on in last night’s episode of the show Last Week Tonight with John Oliver on HBO. The episode highlighted credit reporting issues.
On March 15, 2016, Francis Mailman Soumilas, P.C. was recognized by the Pennsylvania Legal Aid Network. This award was in recognition of Outstanding Commitment to Equal Justice for those who have nowhere else to turn. Below is the letter from Pennsylvania Supreme Court Justice, Thomas G. Saylor to Wesley R. Payne of the Pennsylvania Legal
What is the TCPA? The TCPA is the Telephone Consumer Protection Act. The Telephone Consumer Protection Act is the principal federal law that protects consumers from abusive telemarketers, text message spammers, and robocallers. What is a Robocall? Robocallers refer to automatic telephone dialing systems. These systems store the numbers to be called and and then
Law360, New York (February 16, 2016, 10:45 PM ET) — U.S. Supreme Court Justice Antonin Scalia’s unexpected death on Saturday creates a clear opening for the high court to split evenly on whether consumers can sue companies for technical statutory violations without alleging an actual injury, in a ruling that would preserve uncertainty and divergent