Financial Privacy & Security News
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6/17/2004
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WASHINGTON,D.C.—One in four credit reports contains errors serious enough to cause consumers to be denied credit, a loan, an apartment or home loan or even a job, according to a new survey released today by U.S. PIRG.
"The big credit bureaus and big business tolerate big mistakes in credit reports," said Ed Mierzwinski , U.S. PIRG Consumer Program Director. "But those mistakes ruin the financial reputations of hardworking Americans." | |
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3/27/2002
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More than half of consumers who called their credit card company to complain about their high annual interest rates were successful in reducing those rates by an average of one-third, according to a report by the Massachusetts Public Interest Research Group (MASSPIRG) released at a press conference today. Such reductions could generate thousands of dollars in savings for individual consumers on their credit card bills and billions of dollars nationally. The MASSPIRG report, "Deflate Your Rate: How to Reduce Your Credit Card APR," also found that consumers with good credit ratings who had been with their current credit card company the longest had the most success. | |
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2/17/2005
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ATLANTA—Recent reports that a fraud ring has stolen the personal and financial information of as many as 400,000 consumers from computer databases maintained by ChoicePoint, Inc., has underscored the need for tougher safeguards against identity theft. Consumer advocacy groups Georgia PIRG and Consumers Union are urging lawmakers to enact new identity theft protections like giving consumers the right to lock up their credit files with a security freeze and requiring companies to notify consumers when sensitive customer information has been compromised. | |
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11/13/2001
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National Survey Shows Consumers Charged Triple Digit Interest Rates
Washington, DC --- Payday lenders, thwarted by state regulators and the courts, are expanding their use of partnerships with banks to make loans that violate state usury laws, small loan rate caps, and even payday loan state legislation. Rent-a-bank payday lenders seek to benefit from bank privileges despite warnings from federal regulators and enforcement actions by state Attorneys General, according to a new report by Consumer Federation of America and the U. S. Public Interest Research Group. | |