Posts Tagged ‘credit’

  • Companies that claim to settle credit card debts face new rules Friday, July 30, 2010 � by jg

    New York Times: Federal Trade Commission chiarman Jon Leibowitz said the new rules “will stop companies who offer consumers false promises of reducing credit card debts by half or more in exchange for large, upfront fees.”

  • Auto, credit issues top list of consumer complaints Tuesday, July 27, 2010 � by jg

    New York Times: The 2009 Consumer Complaint Survey Report shows the fastest-growing consumer complaint was about bogus offers to help save homes from foreclosure.

  • Capital One challenged on increasing “fixed” interest rates Thursday, July 22, 2010 � by jg

    Reuters: A federal appeals court in California reinstated a lawsuit against Capital One, after the company more than doubled the interest rate it charged a cardholder who thought she had a “fixed” APR.

  • People in debt wind up in worse shape after using debt settlement programs Monday, June 21, 2010 � by jg

    New York Times: “Consumers rarely emerge from debt settlement programs with their credit card balances eliminated,” according to a report on the debt settlement industry.

  • If you can’t beat ’em, charge ’em Friday, April 9, 2010 � by jg

    New York Times: The folks at have figured out how to get around the requirement that they tell consumers the only actual source of free credit reports is the federal government’s site.

  • Putting the “free” in free credit reports Tuesday, February 23, 2010 � by jg

    New York Times: Jennifer Saranow Schultz blogs about the new Federal Trade Commission rule that will require prominent online disclosures on Web sites that advertise free credit reports.

  • Some “free” credit reports aren’t free Friday, February 5, 2010 � by jg

    Huffington Post: A class action suit has been filed against the company that operates–and gets visitors to sign up for $14.95 a month credit reporting.