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The Federal Trade Commission recently extended the deadline , from December 9, 2022, to June 9, 2023, for compliance with the most stringent requirements of its latest rulemaking, revisions to the Safeguards Rule under the Gramm Leach Bliley Act (“the GLBA”).
The CFPB is a government agency that works to educate and inform consumers on a variety of topics, including credit and debt. The Federal Trade Commission. The FTC also provides a lot of consumer advice , including information about dealing with or avoiding fraud and identity theft and learning about your credit.
Credit counseling agencies offer free or low-cost debt relief services to consumers who are struggling to manage their finances. A creditcounselor may help you by: Analyzing your income, expenses and outstanding debts to create a budget. Negotiating with creditors to lower your interest rates and waive fees.
As we previously posted , on January 10, the Federal Trade Commission’s (FTC) final rule amending the Safeguards Rule under the Gramm-Leach-Bliley Act became effective. The deadline for complying with certain provisions of the Standards for Safeguarding Customer Information (Safeguards Rule) has been extended to June 9, 2023.
Creditcounselors help create budgets, offer free educational workshops, and develop plans to repay debts. One example of a credit counseling agency is Consolidated Credit Solutions , a non-profit organization that provides financial counseling and debt relief services. But that’s not all they do.
More than $1 million, or an average of $516 for each payment, is being returned to the victims either via PayPal or a mailed check, the Federal Trade Commission recently announced. ″ Consumers will be recovering all the money they lost to the scammers,” the FTC noted.
401(k) plans allow you to invest in exchange-traded funds (ETFs), mutual funds, and target-date funds. Readers of this website should contact their attorney, accountant or creditcounselor to obtain advice with respect to their particular situation. To avoid this, make sure you have an emergency fund for shorter-term expenses.
You could also complain to the Federal Trade Commission on the FTC’s site. Alternatives to Credit Repair. Although a good credit score can save you hundreds — and even thousands — of dollars in interest charges, some people simply don’t like the idea of paying for something they can do themselves.
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