Credit Reporting

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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Is customer information safer with a blockchain database?

01/24/19

Spring Labs is spearheading a group of prominent fintech lenders to use a blockchain-based, peer-to-peer network to share consumer information to help with ID verification on loan applications.

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Sterling Jewelers fined by CFPB for unauthorized credit card accounts

01/16/19

The company owning brands such as Kay Jewelers and Jared the Galleria of Jewelry will pay $11 million under a settlement with the consumer bureau and New York's attorney general.

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Democrats target credit bureaus; premium card lenders retreat

01/02/19

The industry has largely avoided added federal oversight after the Equifax hack; the product has created a “financial albatross” as consumers game the system.

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CFPB orders State Farm Bank to improve credit reporting practices

12/06/18

The banking subsidiary of the Bloomington, Ill., insurer must stop providing inaccurate information to the credit bureaus under a consent order.

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A fintech’s bait for banking’s big fish

11/15/18

Self Lender is launching a secured credit card next year in the hopes of attracting big-bank partners that can use it to comply with the Community Reinvestment Act.

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Fintech startup tries to help consumers fix credit report errors

11/15/18

Upturn, which is owned by a BBVA unit, is offering a free online tool consumers can use to detect and dispute inaccuracies in their credit report.

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CFPB fines Tennessee payday lender over claims it misled borrowers

10/24/18

Cash Express LLC allegedly sent customers threats of legal action even though the time for taking legal action had expired.

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