#credit-reporting

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CreditXpert set to launch new optimization platform on Dec. 31

CreditXpert launches a new credit optimization platform to replace outdated tools, focusing on improving loan approval outcomes for homebuyers.

CFPB commences rulemaking for elder financial abuse

The CFPB is addressing the financial impacts of domestic violence and elder abuse through proposed amendments to the Fair Credit Reporting Act.
#consumer-protection

Biden administration to bar medical debt from credit reports

Medical debt proposed to be removed from credit reports to alleviate financial burden on millions of Americans.

Medical Debt May Be Removed From Credit Reports

Medical bills may soon be banned from credit reports to prevent coercion and inaccuracy in lending decisions.

CFPB slaps TD Bank with $28M fine for consumer protection violations

TD Bank fined $28 million for inaccurate consumer credit reporting that could harm consumers' financial reputations.

Lawmakers, MBA call out FICO for potential price hikes

A coalition of Democratic lawmakers urges action against rising credit report fees and anti-competitive practices by credit bureaus to protect consumers.

California Bans Inclusion of Unpaid Medical Bills in Credit Reports

California's new consumer protection law shields medical debt from credit reports, enhancing job and housing opportunities for patients burdened by medical costs.

ABA has significant concerns' with CFPB proposal to ban medical debt from credit reports

ABA opposes CFPB's proposal to ban medical debt from credit reports, citing concerns over authority, evidence, and potential negative impacts on financial stability.

Biden administration to bar medical debt from credit reports

Medical debt proposed to be removed from credit reports to alleviate financial burden on millions of Americans.

Medical Debt May Be Removed From Credit Reports

Medical bills may soon be banned from credit reports to prevent coercion and inaccuracy in lending decisions.

CFPB slaps TD Bank with $28M fine for consumer protection violations

TD Bank fined $28 million for inaccurate consumer credit reporting that could harm consumers' financial reputations.

Lawmakers, MBA call out FICO for potential price hikes

A coalition of Democratic lawmakers urges action against rising credit report fees and anti-competitive practices by credit bureaus to protect consumers.

California Bans Inclusion of Unpaid Medical Bills in Credit Reports

California's new consumer protection law shields medical debt from credit reports, enhancing job and housing opportunities for patients burdened by medical costs.

ABA has significant concerns' with CFPB proposal to ban medical debt from credit reports

ABA opposes CFPB's proposal to ban medical debt from credit reports, citing concerns over authority, evidence, and potential negative impacts on financial stability.
moreconsumer-protection

MBA's Broeksmit says harassment, deception and distrust from trigger leads' must end

The MBA is advocating for the ban of trigger leads to protect consumers from invasive lender solicitations after mortgage inquiries.
#student-loans

Millions of student-loan borrowers are losing a key debt relief program in 30 days

The 12-month on-ramp period for student loan payments ends September 30, 2024, exposing borrowers to credit penalties for missed payments.

Missed Student Loan Payments Will Hurt Your Credit Again. What to Know.

Borrowers need to be aware that missed student loan payments will now affect their credit scores after the one-year on-ramp ends.
The Biden administration's on-ramp allowed missed payments to go unreported, but this protection concluded at the end of September 2023.

Millions of student-loan borrowers are about to lose a key safeguard that'll put their credit scores and debt relief at risk

The federal student-loan on-ramp period ends on September 30, leading to negative credit reporting for missed payments.
Borrowers must prepare for potential credit impacts as protections expire.

GAO: Half of borrowers were current on payments in January

Many borrowers struggle with student loan repayments as payment pause ends.
Legislation aims to monitor and analyze the impact on payment behaviors.

Millions of student-loan borrowers are losing a key debt relief program in 30 days

The 12-month on-ramp period for student loan payments ends September 30, 2024, exposing borrowers to credit penalties for missed payments.

Missed Student Loan Payments Will Hurt Your Credit Again. What to Know.

Borrowers need to be aware that missed student loan payments will now affect their credit scores after the one-year on-ramp ends.
The Biden administration's on-ramp allowed missed payments to go unreported, but this protection concluded at the end of September 2023.

Millions of student-loan borrowers are about to lose a key safeguard that'll put their credit scores and debt relief at risk

The federal student-loan on-ramp period ends on September 30, leading to negative credit reporting for missed payments.
Borrowers must prepare for potential credit impacts as protections expire.

GAO: Half of borrowers were current on payments in January

Many borrowers struggle with student loan repayments as payment pause ends.
Legislation aims to monitor and analyze the impact on payment behaviors.
morestudent-loans

Kamala Harris's path to financial equity and homeownership

Kamala Harris proposes a $25,000 credit for first-time homebuyers with a history of timely rent payments, emphasizing support for renters transitioning to homeowners.

U.S. regulator orders TD Bank to pay $28M US over consumer credit reports | CBC News

TD Bank was fined $28 million for providing inaccurate information to credit reporting agencies, impacting customers' credit scores.

Opinion | The CFPB Targets an Antiterror Tool

The Consumer Financial Protection Bureau is considering a proposal to ban credit-reporting companies from selling credit-header data to law enforcement agencies.
The proposal would force law enforcement officers to subpoena this information instead of obtaining instant access.
The CFPB's move could hinder law enforcement agencies' ability to quickly gather necessary information for investigations.
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