In April, the nationwide credit reporting companies – Equifax, Experian, and TransUnion – took action to remove medical collections already paid, under $500 or less than a year old from consumer credit reports. If you’re one of the millions of people with medical debt, here’s what you should know.
If you are on active duty (including an activated reservist) or a member of the National Guard, you can sign up for free electronic credit monitoring from all three major credit reporting companies to ensure your credit report is accurate and up to date.
The CFPB is seeking public input on the full scope and breadth of data brokers and their business practice, including the impact on consumers’ daily lives, and whether they are all playing by the same rules.
The CFPB and the FTC want to hear about challenges you’ve faced because of rental background checks
La CFPB y la FTC quieren saber cuáles retos ha enfrentado por las revisiones de antecedentes de inquilinos.
We requested information from the largest credit card companies about why actual payment information has largely gone missing from the nationwide consumer reporting system. Here’s what we learned.
Las compañías emisoras de tarjetas de crédito no están reportando sus datos reales de pagos a las empresas nacionales de informes de crédito. Preguntamos el por qué, y le mostramos lo que descubrimos.
Debt collectors are moving away from furnishing medical debt, in part, due to data integrity challenges in medical debt collections.
The distribution of credit score tiers shifted upward during the pandemic. Individuals in all credit score tiers were more likely to move up at least one tier or remain in their own tier during the pandemic, but upward mobility was especially improved for consumers with subprime credit scores.
The CFPB recently filed an amicus brief to ensure furnishers follow their obligation to investigate disputes that consumers submit to credit reporting companies.
Access to credit plays a critical role in financial resiliency, especially during an economic downturn. Credit card companies used credit card line decreases to reduce their credit exposure during the Great Recession and the COVID-19 pandemic. New research explores the impact of credit line decrease decisions on consumers.
Consumers’ Buy-Now-Pay-Later repayment data is starting to be furnished to the nationwide credit reporting companies. A standardized approach would promote consistency and accuracy.
When you dispute credit information with your bank or other furnisher, you should get a clear and understandable response stating a result.
The CFPB recently filed two amicus briefs to ensure that credit reporting companies and furnishers follow their legal responsibilities with respect to accuracy in consumer reports.
Lè ou resevwa bòdwo pou tretman medikal, ou dwe konnen sa ki pwoteje sòlvabilite ou ak kijan pou w evite pyèj.
Kapag siningil ka para sa medikal na paggamot, alamin kung ano ang pumuprotekta sa iyong katayuan sa kredito (credit standing) at kung paano makakaiwas sa mga suliranin.
When you get billed for medical treatment, know what protects your credit standing and how to steer clear of pitfalls.
Khi quý vị được lập hóa đơn cho việc điều trị y tế, hãy biết điều gì bảo vệ tình trạng tín dụng của quý vị và cách tránh xa những cạm bẫy.
當你收到醫療帳單時，要知道什麼能保護你的信用狀況，以及如何避開陷阱。
Cuando le facturen tratamientos médicos, sepa cómo proteger su calificación crediticia y evitar los inconvenientes.
의료비가 청구되면 신용 상태를 보호하는 방법과 위험을 피하는 방법에 대해 알아보세요.
Узнайте, как защитить кредитную историю и избежать ошибочных действий, когда вам выставили счет за медицинское обслуживание.
Inaccurate credit reports hurt small businesses similar to how they hurt consumers – the CFPB commends the FTC for taking action to hold credit reporting agencies accountable for their misconduct toward small businesses.
A CFPB report revealed that the NCRAs have largely relied on vague, unhelpful form letters in response to consumer complaints filed with the Bureau. This practice, which surged in 2020, left families and communities vulnerable at the height of an unprecedented global pandemic and economic crisis.
The No Surprises Act puts guardrails in place to prevent certain unexpectedly high medical bills. Plus, people have protections from unwanted side effects of surprise medical bills: unlawful debt collection and credit reporting.
