Fair Credit Reporting Act

American Express to Pay Millions in Refunds and Fines

By |October 2nd, 2012|

By: Jeffey B. Lapin

The Consumer Financial Protection Bureau (CFPB) along with other federal agencies announced on October 1, 2012, that American Express Co. (AMEX) will pay $112.5 million in refunds and fines. These agencies alleged that three AMEX subsidiaries violated a number of federal laws with regard to credit cards, credit reporting and debt collection. Nearly $85 million of this money will go to approximately 250,000 customers eligible consumers. […]

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CFPB Proposes Rule to Define “Larger Participants” It Will Monitor

By |February 21st, 2012|

By: Jeffrey Lapin

On February 16, 2012, the Consumer Financial Protection Bureau (CFPB) announced a proposed rule to identify the debt collectors and consumer reporting agencies will fall within its nonbank supervision program. Before it can began to monitor these entitieis, it has to define who is a “larger participant” within these areas. Currently, debt collectors and credit reporting agencies are not subject to direct federal supervision; the government only gets involved after a violation occurs. […]

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Common Misperceptions About Credit Scores

By |November 4th, 2011|

By: Jeffrey Lapin

Many people are confused about their credit scores. In a previous post, Credit Scores: How Are They Calculated and Why Are They So Important, the basics of the importance of credit scores how they were calculated was discussed. The following are some of the most common misperceptions about credit scores: […]

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Credit Scores: Why Are They So Important and How Are They Calculated

By |November 2nd, 2011|

By: Jeffrey Lapin

Anyone who has borrowed money, obtained a credit card or incurred any type of debt from a commercial or financial entity has a credit score. Credit scores, which are calculated from information on your credit report, are simply numbers used to gauge the risk a person poses if they are lent money or issued credit. These numbers play a very important role in almost everyone’s life. […]

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More About Lapin Law Offices’ New Areas of Practice

By |August 24th, 2011|

By: Jeffrey Lapin

Lapin Law Offices has expanded its practice areas to include representing clients whose rights have been violated under the Fair Debt Collection Practices Act (FDCPA), the Telephone Consumer Protection Act (TCPA) and the Fair Credit Reporting Act (FCRA) as well any applicable Nebraska state law. These cases are a natural extension of what we already do: represent injured people. Injuries do not necessarily have to be physical; people can suffer financial, emotional or psychological injuries or damages. […]

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