CFPB Monthly Complaint Snapshot Spotlights Credit Reporting Complaints
Report Also Includes In-Depth Look at Consumer Complaints in Los Angeles, Calif. Today, the Bureau released its monthly consumer complaints snapshot. The...
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CFPB Report Finds 26 Million Consumers Are Credit Invisible
Bureau Also Finds That Black and Hispanic Consumers Are More Likely to Have a Limited Credit Record Today the Bureau published a report finding that 26...
Prepared Remarks of CFPB Director Richard Cordray on the Credit Reporting Press Call
Thank you for joining us on this call. Today we are releasing a report finding that about one in 10 adults in this country, or about 26 million consumers...
Written Testimony of David Silberman Before the House Financial Services Subcommittee on Financial Institutions and Consumer Credit
Chairman Neugebauer, Ranking Member Clay, and Members of the Subcommittee, thank you for the opportunity to testify today about the Bureau's work to...
Prepared Remarks of CFPB Director Richard Cordray at the Consumer Advisory Board Meeting
A year ago, I focused my remarks to this group on the work the Bureau is doing on credit reporting. Today, I would like to give you an update on that work...
CFPB Reports That More Than 50 Million Credit Card Consumers Have Access to Free Credit Scores
New Study Indicates that Consumers Access Credit Scores and Credit Reports in a Variety of Ways but Confusion Persists Today, the Bureau reported that more...
CFPB Director Richard Cordray’s Prepared Lecture on Economic Rights as Civil Rights at Michigan State University
My speech today is intended as an incremental contribution to the year-long conversation on civil and human rights that Michigan State University has...
CFPB Takes Action Against Auto Finance Company for Distorting Borrower Credit Reports
First Investors Fined $2.75 Million for Knowingly Providing Inaccurate Information to Credit Reporting Agencies for Years Today the Bureau is taking action...
CFPB Study Finds Medical Debt Overly Penalizes Consumer Credit Scores
Study Finds Credit Scores Underestimate Creditworthiness for Consumers Who Owe and Repay Medical Debt Today the Bureau released a research report that found...
Prepared Remarks of CFPB Director Richard Cordray on the Medical Debt Study Press Call
Today the Bureau is releasing a study on how the collection of medical debt affects a consumer's credit score. What we found is that consumers' credit...
CFPB Releases Tools To Protect Foster Care Children From Credit Reporting Problems
Bureau Publishes Action Letters for Child Welfare Caseworkers to Send to Credit Bureaus The Bureau today took action to better protect children in the...
CFPB Calls on Top Credit Card Companies to Make Credit Scores Available to Consumers
Bureau Report Finds Accuracy Issues Top Credit Report Complaints; Warns on Avoiding Investigations Today, the Bureau called on the nation's top credit card...
CFPB Puts Companies on Notice About Duty to Investigate Consumer Credit Report Disputes
The CFPB released a bulletin stressing that, under the law, these companies, called furnishers, are responsible for investigating consumer disputes...
Corey Stone at the Senate Commerce Subcommittee of Consumer Protection, Product Safety, and Insurance
Credit reporting plays a critical role in consumers' financial lives. Credit reports on consumers' financial history and behavior can determine their...
Written Testimony of Corey Stone before the Senate Financial Institutions and Consumer Protection Subcommittee
The industry is critical in our economy. It promotes access to credit that consumers can afford to repay. Without credit reporting, many consumers likely...
CFPB Report Details How the Nation’s Largest Credit Bureaus Manage Consumer Data
Among the key takeaways in the report, which is one of the most comprehensive studies of credit reporting to date, are that credit card history dominates...
Prepared Remarks by Richard Cordray on a Credit Reporting White Paper Press Call
The report highlights the basic systems the credit reporting companies use to collect, organize, and maintain consumer credit information. It is based on...
Consumer Financial Protection Bureau and Justice Department pledge to work together to protect consumers from credit discrimination
"Today's agreement is a critical step to better protecting consumers from illegal and discriminatory lending practices. We look forward to continuing our...
Consumer Financial Protection Bureau issues warning to nationwide specialty consumer reporting agencies
"Today, the CFPB is reminding these companies that they must follow the law and provide consumers with easy access to their free annual report. If we have...
CFPB Report Highlights Problems in Market Discovered Through Supervisory Actions
"This report underscores our work to address practices that are risky to consumers, as well as our continued commitment to making sure that institutions are...
CFPB Now Taking Complaints on Credit Reporting
Consumer reporting agencies, which include what are popularly called credit bureaus or credit reporting companies, are private businesses that track a...
CFPB Proposes Making it Easier for Stay-at-Home Spouses and Partners to Get Credit Cards
Today's proposal would allow a stay-at-home spouse or partner to rely on shared income from his or her spouse or partner when applying for a credit card...
Consumer Financial Protection Bureau Study Finds Credit Scores Used by Consumers and Lenders Can Differ
The study found that about one out of five consumers would likely receive a meaningfully different score than would a lender.
CFPB Releases Exam Procedures for Consumer Reporting Market
The examination process will be an ongoing process of pre-examination scoping and review of information, data analysis, onsite examinations, and regular...
CFPB Report Examines Differences Between Credit Scores Consumers and Lenders Receive
"One way consumers have tried to empower themselves is by knowing their credit scores. We are assessing whether purchasing a credit score provides a...
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