Baltimore Consumer Protection Law Blog | The Law Offices of E. David Hoskins, LLC

Fighting for Consumers

In Maryland, New York & The District of Columbia

Credit Report Institutions Fined by CFPB

The information contained in your credit report gives lenders a picture into what your financial background has been and where you currently are, indicating whether they should lend money to you or should be wary. It is wise to monitor your credit reports on an annual basis in order to determine whether any financial decisions recently…
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What is the Fair Credit Reporting Act?

The Fair Credit Reporting Act is a federal law enforced by consumers and also by the Federal Trade Commission and the Consumer Financial Protection Bureau. The purpose of the law it’s to ensure that consumers’ privacy is protected when it came to how consumer credit, insurance, and the information is released to businesses and lenders….
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IRS Delays Due to Fraud

Since 2013, millions of Americans received fraudulent calls from hackers and scammers stating that they owed the Internal Revenue Service anywhere from a few hundred to several thousands of dollars in taxes. These scam artists used threats through numerous methods as a way to intimidate individuals into confirming their personal identifying information or giving their…
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Debt After the Holidays & Your Credit Score

The holiday season is a time that most of us look forward to all year. While we want to spread the holiday cheer, remaining financially responsible is a task that becomes difficult for many Americans. One study found that those Americans with debt from holiday gifting added almost $1,000 dollars onto preexisting debt. Gifts can…
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How Co-Signing a Loan Can Affect Your Credit

Millions of Americans apply for credit cards, loans, and mortgages every year but are denied due to poor credit or lack of credit history. This can result in a borrower enlisting a co-signer to sign onto the loan in order to satisfy the lender. For those who co-sign on the loan, there can be serious…
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Fake Accounts, Forced Arbitration & Banking Fails

Wells Fargo made national headlines in Fall 2016 when it announced it would be letting roughly 5,300 employees go, after creating two million fake accounts. These employees created the fake customer accounts in order to meet sales projections enacted by the company, by using current customers’ information to make and then subsequently close these accounts,…
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Crowdfunding: Scam or Success?

Crowdsourcing, also known as crowdfunding, is a way of campaigning or raising money for a cause of your choice. A number of websites have gained popularity for their wide range of products or items offered, ranging from raising money for cancer survivors to raising money to invent the best cooler. Consumers from all over the…
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Federal Student Loan Forgiveness: How Realistic Is It?

When taking out student loans for your education, many students wonder if they will ever pay off the full amount or whether there is a loophole in paying the entire amount. In certain, rare, circumstances, such as permanent disability, public service loan forgiveness, an enticement to apply based on false pretenses, borrow defense discharge, the unexpected…
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Student Loan Forgiveness and Credit Scores

Taking on student loans in order to pay for your education is a decision many of us have made in order to obtain a certain degree. The cost of receiving an education is growing at such a rapid pace, paying for tuition, housing, and living expenses out of pocket can feel nearly impossible. While some…
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Wells Fargo Scandal

Recently, Wells Fargo, the nation’s largest retail bank, fired over 5,300 employees in the wake of a scandal where employees used customers’ information in order to open sham accounts. The employees apparently opened over two million accounts in order to meet sales quotas. While the retail bank reported surprisingly high sales for this most recent…
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