Blog archive

Including junk data and mistakes on people's credit reports is against the law.

There is a disproportionate impact of medical debt on American Indian and Alaska Native consumers, in Alaska and across the United States.

Credit card delinquencies increased rapidly since 2021 and are higher than in 2019. We show this increase is explained by lenders effectively loosening lending standards.

The CFPB and FTC filed an amicus brief to help ensure that consumer reporting companies investigate consumer disputes.

The CFPB works to protect servicemembers in the financial market, engage military stakeholders, and monitor the market to identify risks to servicemembers, veterans, and military families.

When a company that provided disputed information to a credit reporting agency is unable to determine whether the information is true or not, the law requires the company to tell the agency the information couldn’t be verified and to stop providing that information going forward.

New Mexicans submitted complaints about credit reporting, debt collection, and other products.

Cashflow data (regular savings, accumulated savings, paying bills on time) helps predict ability to repay and repayment risk, even when accounting for credit scores.

Credit reporting changes through the Department of Education’s Fresh Start program coincided with increased credit scores for nearly 2 million student loan borrowers.

The CFPB launched an inquiry into companies that track and collect information on people’s personal lives.

The nationwide credit reporting companies have removed medical collections already paid, under $500 or less than a year old from consumer credit reports. Have medical debt? Here’s what you should know.

Active duty and National guard members are entitled to free electronic credit monitoring.

The CFPB launched an inquiry into companies that track and collect information on people’s personal lives.

The CFPB and the FTC want to hear about challenges you’ve faced because of rental background checks.

Credit card companies are failing to report your actual payment data to the nationwide consumer reporting companies. The CFPB asked why, and this is what we learned.

Debt collectors are moving away from furnishing medical debt, in part, due to data integrity challenges in medical debt collections.

Credit score tiers shifted upward during the pandemic, with more consumers transitioning from subprime to prime 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.

Credit cards play a critical role for consumers. Lenders can cut card lines, and have done so especially during economic downturns. New CFPB research shows the impact line cuts have 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.

A medical emergency or treatment could turn into an unexpected financial crisis. Learn your rights, how to protect your credit, and how to steer clear of pitfalls.

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.