Think the Big Three Are the Only Ones Watching You? Think Again. Most people know about the big three credit reporting agencies—Equifax, TransUnion, and Experian. They’re the ones tracking your credit history, determining your credit score, and influencing your ability to get loans, credit cards, or even an apartment. Even your social media is being …
The Consumer Financial Protection Bureau (CFPB) has just released this list of consumer reporting companies that can be held accountable. The list identifies dozens of specialty reporting companies that collect and sell access to people’s data, including individuals’ finances, employment, check writing histories, or rental history records, often without their knowledge. Using the list, people …
TeleCheck Services, Inc., one of the nation’s largest check authorization service companies, along with its associated debt-collection entity, TRS Recovery Services, Inc., have agreed to pay $3.5 million to settle Federal Trade Commission charges that they violated the Fair Credit Reporting Act (FCRA). The penalty matches the second-largest ever obtained by the FTC in an …