Collection Practices Targeted in New CFPB Credit Card Study

The Consumer Financial Protection Bureau announced Tuesday it’s 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

By |2015-03-19T02:02:53-05:00March 19th, 2015|FCRA|Comments Off on Collection Practices Targeted in New CFPB Credit Card Study

New Project Catalyst research pilot to study early intervention credit counseling

Today, we’re announcing a research pilot aimed at assessing the potential impact of early intervention credit counseling. We know that defaulting on credit card debt is a very stressful event for anyone and impacts consumers’ ability to access credit in the future. We’d like to use this opportunity to explore what ways may help consumers [...]

By |2017-05-20T11:45:25-05:00September 27th, 2014|News|Comments Off on New Project Catalyst research pilot to study early intervention credit counseling

CFPB Picks 12 Companies for Mortgage Closing Study

The Consumer Financial Protection Bureau has chosen a dozen firms involved in the mortgage industry for a pilot program looking at whether electronic fillings can improve the mortgage closing process. News

By |2014-08-22T02:19:21-05:00August 22nd, 2014|News|Comments Off on CFPB Picks 12 Companies for Mortgage Closing Study

CFPB Study Targets Changes to Credit Scoring for Medical Debt

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

By |2014-06-15T21:06:38-05:00June 15th, 2014|FDCPA|Comments Off on CFPB Study Targets Changes to Credit Scoring for Medical Debt

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