Rebuilding credit after debt: What the data signals about recovery and resilience
For financial institutions, combining clear education with responsible products and transparent customer support can help consumers navigate recovery while also ...
Tag: Credit reporting
ABA urges CFPB to improve complaint intake form, combat frivolous complaints
ABA is urging the CFPB to remove four demographic fields from its Consumer Response Intake Form and to take action ...
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 ...
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 ...
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 ...
