The Kingdom Press

A few days ago, Representative Jim Clyburn, Chairman of the Select Subcommittee on the Coronavirus Crisis, sent a LETTER to Rohit Chopra, the Director of the Consumer Financial Protection Bureau, requesting the CFPB review the three main bureaus for possible violations of the FCRA. Chairman Clyburn’s letter alleges, “Information obtained by the Select Subcommittee indicates that there are longstanding problems with the Nationwide Consumer Reporting Agencies’ practices for responding to consumers who challenge credit reporting errors.” In case you missed it, the three credit bureaus, Equifax, TransUnion, and Experian, of possible violations of the Fair Credit Reporting Act. The chairman is asking for a thorough investigation into the failure of the said companies to respond to and resolve consumer credit errors raised during the lockdown. According to the Select Subcommittee... The Bureaus are Disregarding Millions of Disputes Based on Speculative or Overly Broad Criteria: Over 1...

More than 90% of potentially eligible individuals received pandemic-related stimulus payments but receipt varied across race and ethnic groups, according to recently published joint federal research. Among the four largest race/ethnic subgroups of the potentially eligible population (Non-Hispanic White, Non-Hispanic Black, Non-Hispanic Asian and Hispanic of any race), Hispanic individuals had the lowest receipt rate (87%) and non-Hispanic White individuals the highest (94%).                                                          Read More In addition, lower-income individuals and families with children received payments earlier than higher-income individuals and families without children. The research...

Women owned 41.1% of the nation’s businesses without paid employees and had $313.6 billion in receipts in 2019, according to the  latest Nonemployer Statistics by Demographics  (NES-D) released today from the U.S. Census Bureau. Minorities, those classified as any race and ethnic combination other than non-Hispanic and White, owned 35.3% of businesses without paid employees and had $342.9 billion in receipts in 2019. This release also includes demographic data by urban and rural classification, receipt size of firm, and legal form of organization plus characteristics of nonemployer business owners. The NES-D is an annual statistical series that uses existing administrative records and census data to link demographic characteristics to the universe of nonemployer businesses. Nonemployer businesses are those that have no paid employees or payroll, are subject to federal income tax, and have receipts of $1,000 or more. The NES-D statistics are the accompanying dataset to the An...