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Topic: Experian

Tennessee Department of Commerce and Insurance says Credit Freeze Laws Provide Protection for Identity Theft Victims

 

Tennessee Department of Commerce and Insurance - TDCINashville, TN – The Tennessee Department of Commerce and Insurance (TDCI) wants to make consumers aware that Identity theft is on the rise in Tennessee, and it’s costing residents.

A recent report from the Federal Trade Commission (FTC) shows a more than 20% increase of identity theft in the Volunteer State last year as 6,808 Tennesseans reported being a victim of identity theft.

Identity Theft «Read the rest of this article»

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Tennessee Consumer Affairs Do’s & Don’ts in Wake of Equifax Data Breach

 

Tennessee Department of Commerce and Insurance - TDCINashville, TN – With over 3 million Tennesseans’ sensitive information exposed in a data breach at the credit reporting firm Equifax, the Tennessee Department of Commerce & Insurance’s (TDCI) Consumer Affairs Division wants to help vulnerable consumers plan a course of action to protect themselves from scammers aiming to mine their data through bogus websites and phishing calls.  

According to Equifax, the breach lasted from mid-May through July and exposed the data of over 143 million Americans.

According to Equifax, the breach lasted from mid-May through July and exposed the data of over 143 million Americans.

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Tennessee Consumer Affairs says It’s Never Too Early To Protect Children’s Information

 

Tennessee Department of Commerce and InsuranceNashville, TN – Identity thieves don’t care whether their victims are old or young.  All they care about is stealing valuable information they can use in their frauds and schemes.

As the new school year kicks into high gear, the Tennessee Department of Commerce & Insurance’s (TDCI) Division of Consumer Affairs reminds busy parents not to take their children’s personal information for granted or falsely assume that identity thieves won’t target their children.

Tennessee Department of Commerce & Insurance Urges Parents to Learn Good ID Protection Habits.

Tennessee Department of Commerce & Insurance Urges Parents to Learn Good ID Protection Habits.

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Tennessee Consumer Affairs Urges Parents To Protect Children From Identity Fraud

 

Tennessee Department of Commerce and InsuranceNashville, TN – The Tennessee Department of Commerce and Insurance’s Consumer Affairs Division encourages parents to celebrate Universal Children’s Day on Friday, November 20th by learning to protect children from identity fraud.

While the Tennessee Privacy of School Records Laws, Tenn. Code Ann. § 10-7-504 (2015), generally protect the privacy of student records, parents should adopt some good habits in their everyday lives to help safeguard their children. «Read the rest of this article»

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Consumers Union looks into problems with credit reports, credit scores in letter to Consumer Financial Protection Bureau

 

Consumers UnionWashington, D.C. – Consumers Union, the advocacy arm of Consumer Reports, today sent a letter to the Consumer Financial Protection Bureau about problems with credit reports and credit scores, including the challenges consumers face in correcting errors on their reports.

Pamela Banks, senior policy counsel for Consumers Union, said, “Credit report errors are far too common and consumers are paying a high price for scores that are likely not used in the marketplace.” «Read the rest of this article»

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Consumer Financial Protection Bureau announces New Oversight for Big Credit Reporting Companies

 

Consumers UnionWashington, D.C. – The Consumer Financial Protection Bureau (CFPB) announced a new rule giving the financial watchdog more oversight of credit bureaus, which generate billions of credit reports each year.

Beginning this fall, the CFPB will take a closer look at the 30 largest credit reporting agencies, including the big three — Experian, Equifax, and TransUnion —to ensure accuracy and compliance with the law. The move marks the first time that a federal agency will have a hand in overseeing the credit reporting industry. «Read the rest of this article»

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S&P/Experian Indices Show Decline in Consumer Defaults

 

Auto Default Index Experiences Biggest Decline This Month

ExperianNew York, NY – Data through December 2010, released today by Standard & Poor’s and Experian for the S&P/Experian Consumer Credit Default Indices, a comprehensive measure of changes in consumer credit defaults, showed a decline in monthly default rates for first and second mortgages to 2.93% and 1.74% respectively. Auto loans experienced the biggest decline this month to 1.68% from 1.76% in November. The bank card index declined slightly to 6.73% default rate.

“Default rates across the four major categories of consumer borrowing declined in December from November and from a year earlier.  Nationally, consumers continue to gradually improve their financial condition,” commented David M. Blitzer, Managing Director and Chairman of the Index Committee for S&P. “Separately, data from the Federal Reserve shows that bank card credit declined through November. Debt-service ratios, the proportion of disposable income that goes to paying debt, continues to decline. On a regional basis, the five cities we cover suggest that the Sunbelt continues to see greater than typical default rates.” «Read the rest of this article»

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