• Consumer Protection Law and Advocacy — Chicago, IL

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Be Wary of Year-End Collection Calls!

As 2016 winds down, debt collectors making collection calls tend to get more aggressive.  Companies are trying to close out their books and write off accounts as “bad debt.”  Calls start to increase this time of year and you should be prepared in case you get one.  So, what do you need to know before…

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Fair Credit Reporting & Consumer Law - Bardo Law PC

Credit Repair Scams

Credit repair scams are widespread and many consumers don’t realize they can (and should!) try and fix credit reporting errors themselves.  Watch out for companies that claim they can “guarantee results,” or “erase bad credit.”  These companies often charge steep fees and make promises they can’t keep.  Watch out for any credit repair company that…

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Consumer Protection In 2017 And Beyond

With the election behind us, there are many questions about what consumer protection role the Consumer Financial Protection Bureau (CFPB) will have going forward.  Today’s edition of The Consumerist notes: “Even before the CFPB launched in 2011, it’s been opposed by many in the financial industries, and by the lawmakers they back.”  Many banks, debt collectors,…

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Prepaid Debit Card Rules Released

Prepaid debit card rules have never been as stringent as those that apply to other debit and credit cards.  That’s why the Consumer Financial Protection Bureau’s October 2016 approval of prepaid debit card rules is so noteworthy. First, what is a prepaid debit card?  It’s a card that usually does not require a credit check…

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Arbitration rules are stacked against consumers

Arbitration Update

In a new arbitration update, six United States Senators have spoken out against the enforcement of Wells Fargo’s arbitration clause: “A major reason that these outrageous practices continued for at least five years is that Wells Fargo’s customer account agreement includes a forced arbitration clause,” reads the letter. “These clauses eliminate consumers’ ability to bring…

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