Blog

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Published Category: Info for consumers

What you need to know: Understanding why offers for “your” credit score are not all the same

There are many credit scores available to you as a consumer as well as to lenders. A credit score you receive may not be the same score your lender is using to make a credit decision. Your credit score starts with the information in your credit report and may be different depending on the data used to calculate it.

Published Category: Policy & Compliance

Fall 2015 rulemaking agenda

An important part of the CFPB’s mandate from Congress is to make rules governing consumer finance markets more effective and to create new rules when warranted. Today, we’re posting a semiannual update of our rulemaking agenda as part of the federal government’s Unified Agenda of Regulatory and Deregulatory Actions.

Published Category: Info for consumers

Servicemembers: Protecting your credit when you’re away from home

Being away and mission-focused means you won’t be able to regularly check your accounts or credit report, so you may be at increased risk for fraud or identity theft. Today, we’re releasing our Fraud Alert Fact Sheet, which provides you with the information you need to know about getting protective alerts inserted into your credit reports when you’re away.

Published Category: Info for consumers

Removing an outdated bankruptcy from a credit report: Jorge’s story

In Jorge’s words, “Within two weeks, everything was finalized . . . [I got] a letter saying it’s gone.” He continued, “Having a good credit score and a clean credit record is always good. No one was going to help me with my problem – and I took charge, by contacting the CFPB.”

Published Category: Info for consumers

Consumer Advisory: 7 ways to keep medical debt in check

An estimated 43 million Americans are dealing with medical debt. Debt collection is the top complaint we’ve received since September 2013 and medical collections make up 52 percent of collection accounts on credit reports, far outpacing all other types of debt. Learn more about how you can keep medical debt in check.