June 13, 1990 |
A House subcommittee and the Bush Administration appeared to be moving closer to agreement Tuesday on legislation that would put greater limits on the private data banks--including Orange-based TRW Credit Data--that keep computerized credit records on millions of Americans. An Administration representative, the Federal Trade Commission and public interest groups backed many of the major provisions of a compromise bill.
May 8, 2001 |
In a victory for privacy advocates, a federal judge has upheld a proposed government regulation that would effectively end the long-standing practice by credit bureaus of selling consumers' names, addresses and Social Security numbers to marketers, information brokers and others. Industry groups are likely to appeal the decision by District Judge Ellen Segal Huvelle, which was disclosed Monday by the Federal Trade Commission.
April 11, 2010 |
Dear Liz: My husband racked up more than $17,000 in credit card debt and negotiated a settlement for $4,000 last year. We received a 1099-C form for $13,000 of forgiven debt, which we have to claim as income. That puts our modified adjusted gross income over the threshold of being able to claim tuition and college expense deductions for our three kids and myself. We now owe more than $11,000 in taxes and we don't have the cash to pay. Any advice would be greatly appreciated. Answer: You may think owing an $11,000 tax bill because you saved $13,000 on a credit bill is bad enough.
January 8, 2012 |
Dear Liz: I have an adjustable-rate mortgage that is currently at 3.125%. I'd like to fix the rate, but no one will even discuss it with me because my house has been appraised at less than $100,000 and the balance of the mortgage is $144,319. I have never been late, and my credit scores are above 800. What can I do? I don't want a mortgage modification. I just want a fixed rate. Answer: If your loan was backed by Fannie Mae or Freddie Mac, and if it was originated before June 1, 2009, you may be in luck, thanks to recent improvements to the federal government's Home Affordable Refinance Program, or HARP.
February 24, 2008 |
Why get identity theft protection for free when you can pay for it? That seems to be the attitude of a number of companies, including Lifelock Inc. Known for the TV ads in which its chief executive displays his Social Security number for all to see, Lifelock sells for $10 a month a package of credit fraud alert tools that people can easily set up for themselves at no cost with one of the major credit reporting bureaus, including Experian Information Systems.
September 6, 2013 |
WASHINGTON - Policy changes by two of the biggest players in the mortgage market could open doors to home purchases this fall by thousands of people who were hard hit by the housing bust and who thought they'd have to wait for years before owning again. Fannie Mae, the federally controlled mortgage investor, has come up with a "fix" designed to help large numbers of consumers whose short sales were misidentified as foreclosures by the national credit bureaus. Under previous rules, short-sellers would have to wait up to seven years before becoming eligible for a new mortgage to buy a house.
October 29, 1998 |
A division of Santa Ana-based First American Financial Corp. agreed Wednesday to settle U.S. Federal Trade Commission allegations that it didn't give consumers a fair chance to dispute inaccurate credit reports. The FTC charged that First American Credco Inc., the largest U.S. provider of specialty credit reports, routinely failed to investigate disputed credit information as federal law requires.