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ACCESS Guard My Credit File News
Federal Issues
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March 26, 2024 - At the end of 2022 the Biden administration has implemented a new policy allowing many student loan borrowers to discharge their student loan debt through bankruptcy proceedings. While this may offer much-needed relief for struggling borrowers, it places a real burden on taxpayers, many of which have never attended college. |
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In The News
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March 19, 2024 - Certain car manufacturers are quietly selling their customers' driving data which is then being used by insurance companies. Recent reports of this are sparking outrage among privacy advocates and consumers alike. For many, the result of this practice is a significant increase in their insurance rates. That’s because the data being shared includes information on acceleration, "hard braking" (whatever that is) and speed. So if your insurance company thinks that you're an "aggressive driver," they will hit you where it hurts: In the wallet. |
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In The News
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March 11, 2024 - The United States is witnessing a decline in national average credit scores for the first time in over a decade. According to recent findings from FICO, the average credit score dropped from its peak of 718 in early 2023 to 717. Ethan Dornhelm, Vice President of Scores and Predictive Analytics at FICO said, "It's a notable milestone. " |
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Fraud Alerts
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March 9, 2024 - American Express has alerted some of its customers about a new data breach which has compromised personal credit card information. According to a report by the Daily Mail, the breach occurred through a third-party merchant processor, leading to unauthorized access to sensitive data including account numbers, names, and card expiration dates. |
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Fraud Alerts
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February 29, 2024 - In the realm of cybersecurity, a troubling trend is emerging. The misuse of artificial intelligence (AI) in search engines to fuel cybercrime and fraud. Recent revelations highlight the emergence of AI-driven chatbots on the dark-web. These bots, leveraging the same AI technology as mainstream models such as OpenAI's ChatGPT, are empowering cybercriminals to orchestrate more sophisticated and devastating attacks. |
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Federal Issues
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February 25, 2024 - In a move aimed at lightening the financial load on millions of American families, lawmakers are pushing forward with the Credit for Caring Act, a bill designed to provide much-needed assistance to those caring for elderly relatives. The proposed bipartisan seeks to offer a federal tax credit to working family caregivers, helping to offset the substantial expenses they incur while looking after loved ones. If passed, this bill could bring significant relief to households struggling with the costs associated with caregiving. |
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In The News
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February 24, 2024 - There's was a sharp increase in the amount of money people owe in 2023, especially on credit cards. This is according to the Federal Reserve Bank of New York. They found that credit card debt went up by almost 60 percent last year, reaching a whopping $1.129 trillion. |
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Fraud Alerts
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February 19, 2024 - In today's digital age, QR codes have become an integral part of our everyday lives, popping up everywhere from advertisements to restaurant menus. These nifty little squares offer quick access to websites and make payments a breeze with just a scan of your smartphone. But there's a catch. The FBI is warning that the dangers lurking behind those innocent-looking QR codes include a growing list of scams. |
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In The News
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February 17, 2024 - The US Supreme Court has unanimously decided that the federal government can be held responsible for inaccurate debt reporting under the Fair Credit Reporting Act (FCRA). The decision, penned by Justice Neil Gorsuch, clarifies that the FCRA's provisions extend to federal agencies, waiving their claimed immunity from such lawsuits. |
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