CFPB finds that two credit bureaus have been lying to you

CFPB complaints re credit unions
Source: CFPB

The Atlantic reports that two major credit bureaus have been misinforming and misleading users:

A CFPB investigation concluded that Transunion and Equifax deceived Americans about the reports they provided and the fees they charged…

In their investigation, the Bureau found that the two agencies had been misrepresenting the scores provided to consumers, telling them that the score reports they received were the same reports that lenders and businesses received, when, in fact, they were not. The investigation also found problems with the way the agencies advertised their products, using promotions that suggested that their credit reports were either free or cost only $1. According to the CFPB the agencies did not properly disclose that after a trial of seven to 30 days, individuals would be enrolled in a full-price subscription, which could total $16 or more per month. The Bureau also found Equifax to be in violation of the Fair Credit Reporting Act, which states that the agencies must provide one free report every 12 months made available at a central site. Before viewing their free report, consumers were forced to view advertisements for Equifax, which is prohibited by law.

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LaLa Lioness Ross liked this post

Hillary’s BFFs Wasserman-Schultz & Rahm Emanuel: called out by Moyers for persecuting the working poor

Bill Moyers on DWS & RE
Source: Talking Points Memo
Rep. Excerpt from the 24 March 2016 article by Bill Moyers and Michael Winship on TPM.com on the united intentionality of Wasserman Schultz, Rahm Emanuel and both Clintons to both shift the Dem Party away from representing working folk and also persecute the working poor:

Debbie Wasserman Schultz … embodies the tactics that have eroded the ability of Democrats to once again be the party of the working class. As Democratic National Committee chair she has opened the floodgates for Big Money, brought lobbyists into the inner circle and oiled all the moving parts of the revolving door that twirls between government service and cushy jobs in the world of corporate influence.

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Walter M Hanson, Darryl Smith liked this post

Don’t mess with Elizabeth Warren – she knows her stuff

elizabeth warren courtesy of Salon

elizabeth warren courtesy of SalonRight wing talking heads with their propaganda spouts open full force, need to know that Elizabeth Warren can’t be bested when all you’ve got to lob at her are innuendo, lies and bluster. Why is that? Because Elizabeth Warren tells the truth. She’s extremely well-spoken, she knows how to knock a lie flat on its face. She possesses impeccable recall of true facts and real data. I happen to also love the way Warren smiles like nobody’s business after she drops a huge truth-bomb on a challenger, which makes propaganda spinners trying to shut her up look like silly prancing bullies in tutus.

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