4 ms·
> now i have free credit monitoring Might not even matter ... "TransUnion and Experian, two of the three major credit bureaus, have started dismissing a large
by clumsysmurf 7mo ago
> now i have free credit monitoring
Might not even matter ...
"TransUnion and Experian, two of the three major credit bureaus, have started dismissing a larger share of consumer complaints without help since the Trump administration began dismantling the CFPB."
https://www.propublica.org/article/credit-report-mistakes-cfpb-experian-transunion https://www.propublica.org/article/credit-report-mistakes-cf...
- ArchieScrivener 7mo agoHow much money did the CFPB actually give back to wronged consumers?
- m4ck_ 7mo agoPre-trump's attempts to eliminate the department, almost $20 billion. https://www.consumerfinance.gov/enforcement/enforcement-by-the-numbers/ https://www.consumerfinance.gov/enforcement/enforcement-by-t...
- gibspaulding 7mo agoAnd one would hope that the purpose of the CFPB would be to dissuade lenders from wronging consumers in the first place, meaning the net benefit to consumers was likely much higher.
- ArchieScrivener 7mo agoThanks for the numbers!
- coffeefirst 7mo agoTheir mere presence was effective. I know people who had trouble with banks refusing to fix their own screwups and demanding evidence that couldn’t exist. They changed their tune the second there was an open case on the matter.
- throwway120385 7mo agoAlso of note is they were responsible for medical debt cases, which are particularly difficult for people to resolve because of the shared responsibility between the patient and the insurer, which allows the insurer to deflect responsibility until the bill ends up in collections.
- SoftTalker 7mo agoIt's not like they were really doing a very good job anyway. My data has been leaking for two decades now.