The Verdict John Stumpf artifically boosted the value of Wells Fargo stock by illegally, and fraudulently creating as many as 2 million unauthorized accounts and instead of going to jail – he is rewarded with a golden parachute, approximately $120 million for his ill-gotten gains. White Collar Crime The real question is why Wells Fargo’s John Stumpf has not been prosecuted for white collar crime? And the sad consequence of not prosecuting this behavior means that this criminal mischief will continue to occur in the future. The Solution Prosecutors need to cultivate some chutzpah; some nerve; some audacity and prosecute
How to dispute incorrect information in your credit report? Disputing incorrect information with the Credit Bureaus is the first step towards fixing errors in your credit report. Credit reporting is governed primarily by the Fair Credit Reporting Act (“FCRA”). The FCRA requires that you dispute inaccurate information with the credit bureaus BEFORE you can sue BIG BAD BANK for destroying your credit score. It’s almost like the BIG BAD BANK gets a “Get out of Jail FREE Card,” in the
Credit-building strategies along with well-grounded financial management will help you quickly recover your credit score. 1. Open a new checking and savings account. If you do not already have both a checking and savings account, open one of each at a local credit union. 2. Get a secured credit card. Once you have a little money put away, you can put some of it toward a secured credit card. The payments made to the secured credit card will be reported to all three major credit bureaus and go toward pumping up your credit score. 3. Get a unsecured credit card.
You can take a few simple steps to make sure that your credit report is accurate. The six steps discussed below will help you cope with a bad credit report. 1. Correct any errors on your report. It is common to find that there is incorrect information in your credit file. You have the legal right to correct this information and should do so. Accurate damaging information is bad enough. You do not also need inaccurate damaging entries. You should send a written dispute to each credit bureau that has reported incorrect information. The credit bureau by law must investigate the