CFPB

[Cstone87]

mods cam we get  a sticky on the CFPB ? its ridiculous its hardly mentioned yet exist for consumers .injustice not too ill write about it and procedures 

[09Lexie]

The CFPB is referenced numerous times in our Rebuilding Forum. Although our search feature is not the best, I was able to pull up several threads relating to CFPB. 

[Cstone87]

Lexi I respectfully disagree with the comment on two folds. One the CFPB isn't defined in its charter to rebuild credit. It's a source for 109000 of posters in various forums . Richard corday has been explicit about abusing the complaint system. But in an effort to correct and prevent a lengthy and often protracted legal battle it's design is masterful. I strongly recommend that myfico.com refrain from mentioning it has a conduit to rebuild credit, that conjecture conflates the truth as it pertains to the facts. Not everyone is rebuilding; abuses by lenders are abundant on every sub forum. Thus I respectfully disagree. Also making it more visible via a sticky shouldn't be controversial. Seems suspicious

[09Lexie]

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@Cstone87 wrote:
Lexi I respectfully disagree with the comment on two folds. One the CFPB isn't defined in its charter to rebuild credit. It's a source for 109000 of posters in various forums . Richard corday has been explicit about abusing the complaint system. But in an effort to correct and prevent a lengthy and often protracted legal battle it's design is masterful. I strongly recommend that myfico.com refrain from mentioning it has a conduit to rebuild credit, that conjecture conflates the truth as it pertains to the facts. Not everyone is rebuilding; abuses by lenders are abundant on every sub forum. Thus I respectfully disagree. Also making it more visible via a sticky shouldn't be controversial. Seems suspicious

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The threads are in the RebuildingForum; I didn't say it was used to rebuild credit or as means to Dispute valid derogs. 

Whether an item or topic is chosen to be stickied should not be deemed suspicious.   

[Cstone87]

It's suspicious your adamant to assist consumers In an open society forum but government agencies are less worthy then a backdoor number? I find that argument sophistry especially as a former ausa. I think a sticky on the CFPB is far greater than a thread on backdoor numbers. Especially when banks dislike the practice. But opine and stifle speech it's a shame. No doubt you will have some

quid pro quo  in response but still conflate the truth. Yes very suspicious and the CFPB should be notified of misinformation is being spread ad a result to injure consumers. I won't continue engaging in a intellectual and moral bankrupt argument. Moderator Lexi. 

[Imperfectfuture]

This is not a political arena. And I've used and recommended the cfpb.

[Kenny]

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@Cstone87 wrote:

It's suspicious your adamant to assist consumers In an open society forum but government agencies are less worthy then a backdoor number? I find that argument sophistry especially as a former ausa. I think a sticky on the CFPB is far greater than a thread on backdoor numbers. Especially when banks dislike the practice. But opine and stifle speech it's a shame. No doubt you will have some

quid pro quo  in response but still conflate the truth. Yes very suspicious and the CFPB should be notified of misinformation is being spread ad a result to injure consumers. I won't continue engaging in a intellectual and moral bankrupt argument. Moderator Lexi. 

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As has been stated many times before by many people. This forum is made for the people and by the people; when one has better ideas, one should come forward in a not-so-confrontational way with the better idea. It's not for us to blast everyone and say that it's suspicious - and the like - that something isn't done the way you want it to be done. Sometimes, things are the way they are, just because they haven't been thought of previously. Or maybe, just maybe, some other people don't deem that to be necessary.

One simple truth: if you'd like something to be done, it needs to be asked and in a way that would facilitate someone to want to respond to it. Just my $0.02. (As a person, not a moderator.)

[Anonymous]

When disputing, CFPB is just another tool in the toolkit.  Like any negotiation, if you can find the way to get what your REALLY want while your opponent senses he or she is victorious, then YOU really win.  Sometimes, as in my case, I just wore them down (CRAs) and they deleted almost everything I requested.  Only Experian and one CA were being difficult on medical collections for small amounts.  I quit sending disputes to EXP for example, bypassed the CA (same CA for three accounts) and went directly to the medical providers with certified mail that the items were not mine, but I would pay them in full if they agreed and directed CA to delete and not reinsert anywhere by anyone at anytime.  If they refused, I promised them a federal lawsuit under False Claims Act with depositions of their physicians and Financial personnel on behalf off all persons similary situated with their company.    The amounts were $30, $50, and $150.  Suddenly the refusal to "never delete ever, we don't do that type of thing" stated by the CA evaporated when the offers were accepted by the Medical providers within 24 hours of receiving the letters.  Was I too combative?  I don't know either.  I do know that being nice did not work.  I know COMBAT did work.  I am a little disappointed though that I don't get to sue them, because I am retired and I would love to drag ten doctors into a depostion and spend a lot of their time answering my questions.  Oh well.  The result is that my credit score jumped 50 points after deletion.  I now have no negatives.  I fought with EXP for three months, COMBAT took a few hours.  I should have tried it sooner.  Wait-- on my wife's I will do this first and save some time.

RandallTX says-------All negatives must be deleted because all inaccurate items must be deleted and every item on your credit report, positive, negative, neutral, or just your address is inaccurate.  Everything is wrong.  Make them delete all the bad stuff.  It is right, it is legal, and it is your integrity they are defaming every hour of every day.

[Cstone87]

First Kenny, af

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@Kenny wrote:

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@Cstone87 wrote:

It's suspicious your adamant to assist consumers In an open society forum but government agencies are less worthy then a backdoor number? I find that argument sophistry especially as a former ausa. I think a sticky on the CFPB is far greater than a thread on backdoor numbers. Especially when banks dislike the practice. But opine and stifle speech it's a shame. No doubt you will have some

quid pro quo  in response but still conflate the truth. Yes very suspicious and the CFPB should be notified of misinformation is being spread ad a result to injure consumers. I won't continue engaging in a intellectual and moral bankrupt argument. Moderator Lexi. 

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As has been stated many times before by many people. This forum is made for the people and by the people; when one has better ideas, one should come forward in a not-so-confrontational way with the better idea. It's not for us to blast everyone and say that it's suspicious - and the like - that something isn't done the way you want it to be done. Sometimes, things are the way they are, just because they haven't been thought of previously. Or maybe, just maybe, some other people don't deem that to be necessary.

One simple truth: if you'd like something to be done, it needs to be asked and in a way that would facilitate someone to want to respond to it. Just my $0.02. (As a person, not a moderator.)

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First in lies again your bankrupt and dishonest conjecture. I did make it a point and even said I would author the sticky. I want you to count the inordinate amount of consumers who are not educated on credit and come to THIS FORUM to seek knowledge. Its a shame that you wouldn't promote and instead defile the help of a governmental agency that exist for this exact reason. After reading post after post you have to be either ignorant to the facts or just disingenuous to the community. Lexi first equated the CFPB with credit repair, that in of itself is a false claim.

Second, I find it ironic she went from a sub-prime score to a virtuoso of credit, and accordingly a CPC client. Hmmm.....The fact is the reason this is even a point of contention is raw power, aggrandizement of whats not in FICOs best interest. Consumers educating themselves and not entering the rights afforded to them under 1681 et al,  to 1692 et al. The CFPB has lawmaking authority and would certainty do many on this board a service. Yet we give deference to the BACKDOOR of credit analyst pleading like desperate and improvident consumers when we should have been addressing the underlying issue. So you can respond with whatever your .01 as a person is, but I disagree. Further I certainly wouldn't push it, you seem rather anti-consumer protection. Prior to the CFPB existence Americans had no real recourse. Along came Sen. Elizabeth Warren who's impact on the CFPB has finally but power within a governmental agency. And they act with alacrity. Have you read the inordinate amount of suits against practices. Why did payday lending end? Why did collection agency after collection agency fall? Why did David Osada V. Experian work?? Why did the CFPB sanction data brokers who before hid under the veil of storey. For this not to be a sticky and advice for consumers, irrespective of the financial condition as Lexis proffered I find contemptible. But its ultimately your forum, and you will do whats in FICO and whomever best interest. Its sad because the very people who need help after a long chain of abuses are not easy to find this information accessible. However 28 phone numbers to creditor's and EOs is somehow more pertinent. I have been a member since 2010 and a lurker since 2007 before I joined. I have seen the pattern over and over. 

Do what you think is best. That is my .02 as a "New contributor", MY own meandering experience and witness of these boards. I respectful dissent. Perhaps some things are worth getting upset about. Especially when one sees that they can genuinely help other members with an avenue 97% either do not know of or comprehend the power of the CFPB to correct. I can with certainly, with promptidue it catches the attention of the banks, creditors, et al faster then pleading with some "glorified EO secretary". Either way as stated before I tried to offer my assistance. Shot down for a sophistry of an argument that she made equating the CFPB with assisting people in rebuilding. I am sure they would take issue with that vile assertion. 

Back on the sidelines, as people continue to make improvident choices with no real recourse because they lack the basic tenet of assistance, which these boards are supposed to advance. Sadly stifling speech is diametrically opposed to that very argument you contented to make. Have you read any of the NCLC publications on interpretation with commentary and cases? The powerful consumer lawyer L. Bennett? Either way I am done. This angers me, and that serves no good. I submit you are right MODERATOR. 

[Cstone87]

for those of you that have tried to correct a CRA who repeatedly violate your rights, to a creditor who abuses the rules et al please go to the official GOVERNMENTAL website designed solely for us consumers. www.Cfpb.Gov. They are making a list of who breaks the rules, and has a real impact on enforcement when an entity is complained about among many consumers. The vast array of credit knowledge and your rights far exceed the LEGAL avenues one can choose without spending thousands of dollars in federal court and months of anguish. I implore you to enforce your rights if harmed.