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Credit Scoring

News Story
8/20/2009
Posted by Consumer Watchdog
Click here to watch the video segment. LOS ANGELES, CA (KABC) -- The first wave of new credit card rules kick in Thursday. These new regulations are part of legislation President Barack Obama signed earlier this year. While it's good news for consumers, some credit card companies may have already found a way around them. The new rules are...
News Story
2/23/2009
Posted by Consumer Watchdog
Kaiser Permanente’s regional leaders have been told to start taking a series of severe belt-tightening steps, in the wake of nearly $800 million in investment-related losses last year at the sprawling Oakland-based health-care system. Among those steps: freezing the pay of top executives, holding staffing at 2008 levels, slashing travel...
News Story
2/16/2009
Posted by Consumer Watchdog
One detail effectively missing from the mainstream economic debate is consumer credit scores and their use for everything from buying homes to getting a cell phone. As credit scores presumably take greater hits during the deepening recession, using them to determine who can make purchases could have catastrophic affects on consumers and businesses...
Blog Post
11/25/2008
Posted by Consumer Watchdog
I was one of just two consumer advocates outnumbered about 100 to 1 by insurance industry lobbists at the annual meeting of the National Conference of Insurance Legislators this weekend where I was invited to speak on a panel about the financial crisis but also had a chance to weigh in on the growing use of education and occupation information by...
News Story
3/29/2008
Posted by Consumer Watchdog
If you have gotten in over your head in credit card debt, you are in good company. The Federal Reserve says Americans have accumulated nearly $1 trillion, a record amount, in what it calls ''revolving credit.'' But while the financial experts are urging people to pay down debt -- particularly expensive credit card debt -- that is easier said than...