The Consumer Financial Protection Bureau fined Equifax $15 million over credit reporting errors. The CFPB alleged the credit bureau failed to properly investigate consumer disputes. Credit reports ...
The CFPB is quietly adding protection for credit bureaus instead of protecting you. Here's what you need to know.
When you apply for a credit card or loan, the bank will likely pull a credit report. Those credit reports are pulled from consumer reporting agencies. The most familiar consumer reporting agencies are ...
TransUnion and Experian, two of the three major credit bureaus, have started dismissing a larger share of consumer complaints ...
In 2024, Goodwin tracked four public enforcement actions related to credit reporting or credit repair services, consistent with the four actions tracked in 2023. Between 2017 and 2024, there were an ...
A “faulty” transfer of student loan accounts from Nelnet to Mohela in 2023 led to “millions of consumer credit reporting errors,” lawmakers say in a new letter to government agencies reviewed by CNBC.
Recently, the U.S. District Court for the Northern District of Illinois denied a joint motion to dismiss filed by three credit reporting agencies in a case involving alleged violations of the FCRA.
With buy now/pay later carving out its place as a lasting consumer credit product, nonbank lenders have been looking for ways to improve credit decisions. Processing Content Affirm has taken the first ...
The change in loan servicers caused nearly 2 million duplicate student loan records to appear on borrowers' credit reports, while hundreds of thousands of borrowers' credit scores were reported ...