California Attorney General Kamala Harris filed an enforcement action against JPMorgan Chase last Thursday, alleging that the bank used illegal debt collection methods, such as robo-signing, against approximately 100,000 California credit card consumers from January 2008 through April 2011. "Chase … Continue reading
The re-nomination of Richard Cordray as Director of the Consumer Financial Protection Bureau remains a political hot button. Cordray can be confirmed by majority vote in the Senate, but a minority of 40 Senators can block an agreement to hold … Continue reading
California Supreme Court Makes it Easier for Apple, Online Businesses to Collect Personal Data A divided California Supreme Court ruled that online merchants such as Apple and Ticketmaster can require consumers to furnish personal information to make credit card purchases. … Continue reading
A study released today by the Consumer Financial Protection Bureau shows that credit reports are dominated by a consumer's credit card history. The report also showed that debt collection items generate the highest rate of disputes. The CFPB analyzed 2011 information … Continue reading
It is becoming more common for cardholders who have fallen behind on credit card debt to be taken to court as issuers explore every option to collect any outstanding balance. Dealing with collections is stressful, and it is beneficial for … Continue reading