Lenders will no longer be able to consider unpaid medical bills as a credit history factor when they evaluate potential borrowers in the U.S. for mortgages, car loans or business loans ...
The CFPB has sued Experian, claiming the company failed to properly investigate consumer credit report disputes.
Medical debt ought to be a different case because credit-score blemishes connected to health scares and unforeseen medical mishaps aren't a good gauge of a person's ability to repay other loans, CFPB ...
The Biden administration announced a final rule this week banning unpaid medical bills from appearing on credit reports ...
The Consumer Financial Protection Bureau (CFPB) has initiated legal proceedings against Experian, one of the leading credit reporting companies in the United States, over allegations of conducting ...
Experian, the credit reporting giant, let compliance slide when it came to addressing consumer complaints about incorrect ...
Americans will no longer have to decide what’s more important: Their health or their credit score. Finalized on January 7, a ...
About 15 million Americans will see their credit reports cleared of medical debt under a new rule approved by the Consumer ...
It seems obvious that removing such risk would encourage people to make reckless financial decisions – to everyone except President Biden's Consumer Financial Protection Bureau (CFPB.) ...
CFPB sues JPMorgan, Bank of America, and Wells Fargo over Zelle Banks failed to protect consumers, CFPB alleges Lawsuit driven by political factors, says Zelle's parent The U.S. Consumer Financial ...
"The new administration can & should nullify this overreach, but we must go further: this latest gambit of the CFPB is just a symptom of a deeper (and unconstitutional) cancer of unelected ...
It’s bad for banks, and especially for their low-income customers. The CFPB rule, finalized this month, applies to commercial banks and credit unions with more than $10 billion in assets.