More than 60 members of Congress joined banks and credit union trade groups this week in urging the agency to modify its plan to require members of the 12 regional Home Loan Banks to hold a certain percentage of mortgages on their books. News
Today, we’re proposing changes to our Mortgage Servicing Rules, which took effect on January 10, 2014. These rules provide important protections for consumers with mortgages, including: Requiring mortgage servicers (people who manage your mortgage loan account) to provide you with periodic mortgage statements or coupon books that give you important information about your mortgage. Requiring [...]
During the past week, consumer and industry groups have lobbied the agency in different directions, with consumer groups arguing the agency did not go far enough and lenders saying it went too far in seeking more data from lenders. News
As the Consumer Financial Protection Bureau prepares to write nationwide rules for payday lending, a Colorado experiment is proving instructive. Collection & Credit Risk
As the Consumer Financial Protection Bureau prepares to write nationwide rules for payday lending, a Colorado experiment is proving instructive. Collection & Credit Risk
WASHINGTON — The Consumer Financial Protection Bureau is facing a tough balancing act as it attempts to expand a massive mortgage database. Collection & Credit Risk
The credit world was buzzing yesterday as Fair Isaac announced their newest credit score algorithm: FICO 9. You can read the various articles at FICO 9 News Articles from Google. As a veteran of the credit industry since 2003, I do enjoy the hype of the new major FICO changes that are announced every so [...]
WASHINGTON -- Consumers with medical bills in collection can see their credit scores hit by as much as 22 points compared to those with other types of debt, according to a study released Tuesday by the Consumer Financial Protection Bureau. Collections - Other Consumer
