by Eric J. Ellman | Dec 22, 2022
In 2022, California passed a law to amend its credit repair regulation. The legislature passed A.B. 2424 (Ch. 965, Laws 2022) by Assemblymember Blanca Rubio. As noted in the official summary of the legislation: This bill would replace the term “buyer” with the term...
by Eric J. Ellman | Dec 22, 2022
In 2022 and 2023, several states introduced legislation to protect consumers from credit repair scams by further regulating credit repair operations. District of Columbia In 2022, Councilmember Kenyan R. McDuffie (D) introduced B24-1148, the Credit Recovery Services...
by Eric J. Ellman | Oct 21, 2022
In September 2021, the FTC’s Office of the Inspector General issued a report that noted several concerns with the FTC’s identity theft report and how it can be a tool to perpetuate fraud. Among the findings are the following: “[T]he FTC faces challenges in...
by Eric J. Ellman | May 9, 2022
In May 2022, the FTC announced that “at the request of the [FTC], a federal court has temporarily halted a bogus credit repair scheme known as The Credit Game for promoting a series of lies and deceptions. The FTC alleged the scheme’s operators lied to credit...
by Eric J. Ellman | Nov 30, 2021
CDIA sent a letter to CFPB Director, Rohit Chopra, congratulating him on his confirmation as director, and urging him, “to take action against predatory ‘credit repair’ companies. These companies charge consumers hundreds of dollars a year by making...
