We’re releasing our third annual Fair Lending Report, which details the important strides we have taken over the last year to protect consumers from credit discrimination and increase access to credit. Our Office of Fair Lending and Equal Opportunity continues to identify and tackle discrimination in different financial markets, such as mortgages, auto loans and [...]
A measure of consumer credit defaults released Thursday by S&P Dow Jones and Experian shows a downward trend. Collection & Credit Risk
The Consumer Financial Protection Bureau issued a final rule Wednesday aimed at improving the way that companies submit consumer credit card agreements to the Bureau. Collection & Credit Risk
Millions of consumers will now be able to receive the credit scores and credit reports that nonprofit credit counselors purchase on their behalf. Nonprofit organizations that offer credit counseling, housing counseling, and other financial counseling services buy credit reports and scores for the consumers they serve. These reports and scores help counselors engage in constructive [...]
Fair Isaac is developing a credit score aimed at the millions of people who are unable to obtain credit cards, auto loans and mortgages because lenders consider them to be too risky. Collection & Credit Risk
A federal court has halted the operations of a company that calls itself "FTC Credit Solutions." The company allegedly used false affiliation with the FTC to market bogus credit repair services to Spanish-speaking consumers. Collection & Credit Risk
A federal class-action lawsuit alleges credit bureau TransUnion illegally charges $ 10 before it places security freezes on the files of people who are dealing with identity theft. Collection & Credit Risk
The credit card market gained strength in last years third quarter, with more new accounts and higher monthly purchase volumes across all risk categories, according to the American Bankers Associations latest Credit Card Market Monitor. Collection & Credit Risk
CFPB officials are keeping a close watch on the Qualified Mortgage and ability-to-repay rules to gauge whether further changes should be made. But mortgage numbers don't give a clear picture on what kind of impact they've had. News
The Consumer Financial Protection Bureau announced Tuesday its adding two new topics - debt collection practices and ability-to-repay standards - to a planned second credit card market study that could lead to new rules and enforcement actions Collection & Credit Risk
