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Those errors can have a big impact on your credit score.
Paying bills got a lot harder during the pandemic for countless people, and lenders were quick to offer a lifeline in the form of deferments or forbearances.
Those options allow you to skip a few payments without causing long-term problems.
Some who took those offers are now reporting to the Consumer Financial Protection Bureau that paused payments are showing up on their credit reports as missing or late. That can ruin your credit score, and you may not know it s even happening until you check your credit report.
If you dispute an error, you ll need to prove the lender offered you the pause in the form of a written agreement.
Simpson33 / Getty Images
On March 2, Virginia s Democratic Governor Ralph Northam signed into law the nation s second major piece of state legislation that governs consumer data privacy and protection. Virginia s Consumer Data Protection Act (CDPA) follows the California Consumer Privacy Act (CCPA), which went into effect on January 1, 2020. In a referendum last fall, California citizens voted to amend the CCPA by approving the California Privacy Rights and Enforcement Act (CPRA), which will mostly go into effect on January 1, 2023.
All three laws follow the European Union s landmark data protection law, the General Data Protection Regulation (GDPR), implemented on May 25, 2018. Although the CCPA, CPRA and CDPA borrow heavily from the GDPR, each data privacy vehicle contains provisions that vary from the other laws.
For what seemed like an eternity (okay, just a couple years), the California Consumer Privacy Act was the only game in town when it came to state-level, comprehensive privacy legislation. Sure, we saw many other states introduce similar bills, and Washington got close a couple times to passing the Washington Privacy Act. Those all died on the vine, however. In fact, California was the only state after itself to see passage of anything really big, with the California Privacy Rights Act (which amends the CCPA, and is
not a separate, new law) gaining passage in the November 2020 election.
All to which Virginia has recently stepped forward and said, “Hold my … authenticated consumer request.” The Virginia Consumer Data Protection Act (or VACDPA, as I prefer to call it) is a comprehensive privacy bill that was just signed into law by Governor Northam on March 2, and shows influences from both the CCPA and Europe’s General Data Protection Regulation (GDPR).
On March 2, 2021, Virginia Governor Ralph Northam signed into law the Virginia Consumer Data Protection Act (VCDPA). The law passed the state legislature with strong bipartisan support..