CFPB, DOJ to withdraw warning on using immigration status to determine creditworthiness
The CFPB and Department of Justice plan to withdraw 2023 guidance warning financial institutions that they risk violating federal protections ...
Tag: Consumer credit
Consumer credit increased in November
Consumer credit increased at a seasonally adjusted annual rate of 1% in November. Total outstanding credit increased to $5,084.8 trillion ...
ABA, associations seek guardrails on FCRA class action litigation abuse
A proposed bill to curb abuse of the Fair Credit Reporting Act by class action plaintiffs' attorneys would establish reasonable ...
Consumer credit increased in November
Consumer credit increased at a seasonally adjusted annual rate of 2.2% in October. Revolving credit, largely a reflection of credit ...
Consumer credit increased in September
Consumer credit increased at a seasonally adjusted annual rate of 2.7% in September. Total outstanding credit increased to $5.0766 trillion ...
CFPB: Federal law preempts state law on credit reporting
The CFPB issued an interpretive rule stating that the Fair Credit Reporting Act preempts state laws on credit reporting, with ...
Consumer credit increased 0.1% in August
Consumer credit increased at a seasonally adjusted annual rate of 0.1% in August, the Federal Reserve reported.
ABA urges CFPB to maintain robust supervision of ‘larger participant’ nonbanks
In four comment letters, ABA urged the CFPB to maintain robust supervision of nonbanks in the markets for automobile lending, ...
Consumer credit increased 3.8% in July
Consumer credit increased at a seasonally adjusted annual rate of 3.8% in July, the Federal Reserve reported.
Consumer credit increased 2.3% in June
Consumer credit increased at a seasonally adjusted annual rate of 1.8% in June and 2.3% during the second quarter of ...
