The Savings Game: Inflation’s negative impact on credit scores
Statistics show that there has been a significant increase in the level of outstanding consumer credit card balances. For a ...
Medical debt may not hurt your credit score, a new rule says. What happens if you don’t pay the bill?
Unpaid medical debt will no longer affect credit scores, according to a new rule from Biden administration regulators who ...
Medical Debt Will Now Be Wiped From Credit Reports
A new Consumer Financial Protection Bureau rule means consumers’ hospital and doctor bills can no longer weigh down their ...
Digital Transactions2h
The CFPB Picks FDX for Oversight of U.S. Open Banking Standards
The CFPB recognized FDX as the standard-setting body under the bureau’s Personal Financial Data Rights rule. The final ...
Medical Debt Won't Hurt Your Credit Score Anymore
If you're suffering under the weight of medical debt, you could soon see your credit score increase. A new federal policy now bans lenders and credit reporting companies from holding your unpaid ...
nationalmortgageprofessional.com2h
The Mortgage Firm Settles Redlining Claims With Justice Department
Late Tuesday, the Department of Justice (DOJ) announced its third redlining settlement against a non-bank mortgage company ...
Becker's Hospital Review2h
Groups sue to block CFPB's medical debt credit reporting ban
Trade groups file lawsuit against CFPB over new rule banning medical debt from credit reports, arguing it exceeds statutory authority.
HousingWire2h
The Mortgage Firm to invest $1.5M to settle DOJ redlining case
The Mortgage Firm, a Florida-based mortgage lender, has agreed to invest $1.5 million to settle a redlining case with the U.S. Department of Justice (DOJ), the parties announced Wednesday.
Compliance Week2h
Experian failed to correct flawed financial data about consumers, CFPB complaint alleges
Experian, the credit reporting giant, let compliance slide when it came to addressing consumer complaints about incorrect ...
New CFPB Rule Keeps Medical Debt Off Credit Reports: What You Need to Know
Americans will no longer have to decide what’s more important: Their health or their credit score. Finalized on January 7, a ...
manilatimes2h
FDX Recognized by CFPB as a Standard-Setting Body, a Step Forward for Open Banking
The Financial Data Exchange (FDX) is pleased to announce its official recognition by the Consumer Financial Protection Bureau (CFPB) as an industry standard-setting body for the U.S. open banking ...