Some people will do just about anything to make a buck. This is especially true when it comes to those individuals who are seeking to collect an owed debt. While a credit agency may be entitled to collect a debt, there are limitations to the lengths they can go to obtain those funds. The Fair Debt Collection Practices Act places a number of regulations on debt collectors to ensure consumer protection. A violation of any one of these regulations may serve as the grounds for legal action.
Unfortunately, problems with debt collectors are something many people in Pennsylvania end up facing. This can be seen in how common complaints about debt collectors are among consumers in the state.
After Hurricane Florence, the Pennsylvania Insurance Department and the Pennsylvania Department of Transportation (PennDOT) issued a warning to consumers to be wary of deals that seem too good to be true. An estimated 40,000 were flooded during Florence and they could end up on the market across the country. As many or more have been damaged in Hurricane Michael and from the recent catastrophic flooding in Central Texas.
There are some circumstances when so-called "slack fill" -- the space in a product's packaging that isn't filled with product -- seems reasonable. Chip bags, for example, aren't filled top-to-bottom with chips, but instead have a buffer of air that helps keep the chips from getting broken. In other cases, however, slack fill seems to make the packaging misleading to consumers. If the problem is significant enough, it could be a classic case of consumer deception.
Low wages, a shortage of full-time jobs, skyrocketing living expenses and a range of other factors have all made living in America a financial struggle for millions of people. Such complications lead many to go into debt, and debt can damage your credit if you accumulate too much. The cycle never seems to end, and, needless to say, you are not alone if you have wound up with a less-than-ideal credit score as a result.
You probably assume that banking is more or less private. Your account balance, how much you spend on lattes and how much you owe on credit cards are your own business. Yes, credit rating agencies can get some of that information, but you wouldn't think advertisers could.
If you were charged monthly fees by Wells Fargo for pet insurance, a legal services program or identity theft services, those fees may be refunded. The Consumer Financial Protection Bureau is investigating the scandal-ridden bank to determine if customers were deceived, confused by, or even aware of the products and how to use them.
In March of 2017, the Department of Homeland Security alerted Equifax to a critical software vulnerability in its online consumer dispute portal. Unfortunately, a combination of human error at Equifax and the company's ineffective scanning software apparently conspired to leave the unpatched hole open. That site was vulnerable to a data breach, and hackers managed to obtain personal financial details about nearly half the U.S. population.
Mick Mulvaney, interim director of the Consumer Financial Protection Bureau, has essentially dismantled an important part of the agency: its Consumer Advisory Board. The Board was set up to help the CFPB work with consumer groups in an effort to identify situations where consumers are being treated unfairly by banks and lenders.
Millions of people around the United States receive calls from debt collectors on a regular basis. For many people, it becomes such a way of life they do not even realize when the phone calls turn into legitimate harassment. You should be aware that you have rights as a debtor.