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 ...
Tag: Credit reporting
ABA Foundation, FICO announce new partnership for Get Smart About Credit Day
As part of Get Smart About Credit Day on Oct. 16, the ABA Foundation is partnering with analytics software firm ...
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, ...
CFPB considers raising regulatory thresholds for certain nonbanks
The CFPB is seeking public input on whether it should raise the thresholds for determining which nonbank service providers fall ...
Survey finds ‘knowledge gaps’ among adults about credit
Most U.S. adults who own credit cards show “a lack of knowledge of credit fundamentals,” leading to habits that could ...
Court vacates CFPB medical debt rule
A federal court in Texas vacated the CFPB’s medical debt reporting rule after the bureau’s current leadership joined with plaintiffs ...
Senate passes ABA-advocated ‘trigger leads’ bill
The Senate granted unanimous consent to S. 1467, an ABA-advocated bill that would would prevent credit reporting agencies from selling ...
House panel advances ABA-backed bills on trigger leads, other topics
In a memo sent in advance of the markup, ABA noted that H.R. 2808 would “curb the abusive use of ...
ABA, associations urge House lawmakers to ban abuse of mortgage trigger leads
The bipartisan Homebuyers Privacy Protection Act would amend the Fair Credit Reporting Act to eliminate abusive mortgage “trigger leads,” only ...
ABA supports resolution to overturn CFPB medical debt rule
Noting that the CFPB's final rule on medical debt reporting would harm "banks’ lending risk, consumers’ default risk, and the ...
