Consumer complaints up in Colorado, Wyoming and Alaska

Posted by Clyde Hutchins | Oct 11, 2016 | 0 Comments

The Consumer Financial Protection Bureau (CFPB) recently released a report about complaints that it receives from consumers. The CFPB is a consumer protection agency that focuses on consumer financial issues, like debt collection, mortgages, pay day lending, and auto loans. Interestingly, the CFPB found that complaints rose significantly from consumers in Colorado, Wyoming and Alaska. The increases were over 20% for each state. Many of the readers of this blog reside in these states, and I am licensed in all three of these states.

The CFPB also noted that the most complained about companies were the three major credit reporting agencies (Experian, Equifax and TransUnion). The report noted that: "Complaints about the use of consumer and credit reporting data for account screening are increasingly common. Consumers frequently mention learning of a furnisher's past negative reporting to both specialty checking account reporting and national credit reporting companies when they attempt to open a new bank account. Consumers also express concern over the difficulty that they have addressing potential errors on their reports."

During the period covered by the report, there were 2,611 complaints about credit reporting companies made by Coloradans, 176 complaints by Wyomingites and 180 complaints by Alaskans. This is much larger than I realized. I handle some of these complaints and have heard many stories about these types of problems, but had no idea that the problem was this large. Consumers facing problems with credit reporting agencies and furnishers may have recourse under the Fair Credit Reporting Act, and if the furnisher is a debt collection agency, the Fair Debt Collection Practices Act. Both acts provide for the recovery of attorneys fees and costs, so Harmony Law can handle some of these cases on a contingency basis. If you are facing issues with errors on your credit report, please feel free to contact Harmony Law. We may be able to help.

About the Author

Clyde Hutchins

Clyde Hutchins is the founder of Harmony Law. Mr. Hutchins started his legal career in Cheyenne, Wyoming as a law clerk for the district court judges. Mr. Hutchins then entered private practice with a Wyoming based litigation and business law firm. Later, Mr. Hutchins went to Alaska, where he was the chief litigator for a firm that engaged in bond law, corporate law, securities law, and municipal law. The State of Wyoming hired Mr. Hutchins from Alaska to represent the State of Wyoming in the national tobacco arbitration and act as its tobacco settlement attorney. While in that position, as a hobby, he developed an enforcement unit for consumer protection for Wyoming residents. Mr. Hutchins moved to Colorado in 2016 and founded Harmony Law, LLC. Harmony Law is primarily engaged in civil litigation. It is also a general practice firm in the areas of business law, estate planning, consumer law and family law. Harmony Law is active in all state and federal courts throughout Wyoming and Colorado.


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