Defense Credit Union Council Responds to CFPB Interpretive Rule Clarifying FCRA Preemption
The Consumer Financial Protection Bureau (CFPB) has issued an interpretive rule clarifying that the Fair Credit Reporting Act (FCRA) generally […]
Research Shows Banks & Credit Unions Could Gain $110 Billion in Deposits by Helping Consumers Improve Their Credit Scores
Checking accounts that report rent and bill payments to credit bureaus rated highest in value by consumers with subprime/near-prime credit
CFPB Orders Equifax to Pay $15 Million for Improper Investigations of Credit Reporting Errors
Equifax failed to conduct adequate investigations of disputed information in credit reports Today, the Consumer Financial Protection Bureau (CFPB) took
Xactus Named Exclusive Credit Reporting, Verification and Flood Provider for ACUMA Services
One of Six Providers Selected for Launch of ACUMA Services Xactus, the leading verification innovator for the mortgage industry, announced
CFPB Proposes to Ban Medical Bills from Credit Reports
Rule would remove as much as $49 billion of medical debts that unjustly lowers credit scores for 15 million Americans
CFPB Proposes to Ban Medical Bills from Credit Reports Read More »
CFPB Finds Violations of Credit Report Accuracy Requirements, Including for Survivors of Human Trafficking
Examiners also found furnishers failed to correct false information and reported fraudulent information The Consumer Financial Protection Bureau (CFPB) today
CFPB Addresses Inaccurate Background Check Reports and Sloppy Credit File Sharing Practices
Today, the Consumer Financial Protection Bureau (CFPB) issued guidance to consumer reporting companies to address…
CFPB Orders Toyota Motor Credit to Pay $60 Million for Illegal Lending and Credit Reporting Misconduct
The Consumer Financial Protection Bureau (CFPB) today ordered Toyota Motor Credit Corporation to pay $60 million…
VantageScore CreditGauge™ August 2023: Credit Card Account Openings Approached 12-Month High Despite Overall Increase in Consumer Delinquencies
Today, VantageScore released its August 2023 CreditGauge, a monthly analysis highlighting the overall health of U.S. consumer…
CFPB Kicks Off Rulemaking to Remove Medical Bills from Credit Reports
Proposals under consideration would help end coercive debt collection tactics, clean up inaccurate data, and improve credit score predictiveness
CFPB Kicks Off Rulemaking to Remove Medical Bills from Credit Reports Read More »