Credit Reporting

As CFPB mulls privatizing database, consumer complaints mount

05/12/19

The Consumer Financial Protection Bureau received over a quarter-million complaints in 2018, according to analysis by an advocacy group that urged the agency to maintain public access to its database.

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Lenders without border walls

03/31/19

Some fintechs have figured out how to provide international students and immigrants with credit cards and loans. Machine learning makes the underwriting possible.

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Equifax, FICO join forces to give banks one-stop analytics product

03/27/19

The new cloud-based solution is intended to help financial institutions make quicker credit decisions by integrating consumers’ histories with advanced software.

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CFPB, FTC need more teeth in dealing with credit bureaus, GAO says

03/26/19

The watchdog’s report — requested by Sen. Elizabeth Warren, D-Mass., and Rep. Elijah Cummings, D-Md. — called for civil money penalty authority and better supervision to guard consumer data.

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House Dem proposes banning use of credit scores for auto insurance

03/18/19

First-term Rep. Rashida Tlaib, D-Mich., has sponsored the Prevent Discrimination in Auto Insurance Act in order to prevent “undue burden” on low-income individuals seeking auto insurance.

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House banking panel bemoans credit bureaus' 'oligopoly'

02/26/19

The root of the credit reporting sector’s problems may be its dominance by a handful of big firms, lawmakers from both parties said at a hearing.

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Bills to reform credit bureaus unveiled on eve of hearing

02/25/19

Ahead of testimony by the CEOs of the major bureaus, House Financial Services Committee leaders proposed sweeping changes for the credit reporting industry and credit-score protections for furloughed government workers.

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Top senators seek input on how to strengthen data privacy

02/13/19

The top Republican and Democrat on the Senate Banking Committee are asking for stakeholders to weigh in on data collection issues as lawmakers consider legislative responses to recent breaches.

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Government shutdowns add new wrinkle to credit bureau reform

02/11/19

As another possible shutdown looms, concerns about furloughed workers’ credit histories have shifted the reform discussion away from data security.

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House committee to examine credit bureau reforms later this month

02/06/19

The House Financial Services Committee will hold a hearing Feb. 26 on "holding credit bureaus accountable" — one of seven hearings scheduled by the panel for the month.

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