Credit Reporting

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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Three big states account for nearly a third of complaints to CFPB

10/23/18

A detailed breakdown released by the agency shows residents in California, Florida and Texas having submitted the most complaints about a financial institution, but D.C. had the most per-capita complaints.

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New UltraFICO score stokes concerns about data privacy

10/23/18

A new credit score that includes consumers' cash flow alongside their credit score is winning praise for its potential to help expand access to credit, but some worry it gives the credit bureaus even more data that could be compromised.

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To boost credit scores, FICO, Experian, Finicity want bank data

10/22/18

In a move designed to improve access to financial products for consumers with low credit scores and short credit histories, Experian, FICO and Finicity are developing an "UltraFICO" score that lets individuals share checking and savings account data and help lenders better assess risk.

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OCC highlights areas of focus for 2019 supervision plan

09/25/18

The plan identified five risk areas — including cybersecurity — that will be on the agenda for agency examiners next year.

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CFPB issues interim final rule on FCRA disclosures

09/13/18

The CFPB issued an interim final rule on Wednesday requiring that credit reporting agencies keep initial fraud alerts in a consumer’s file for at least a year.

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Two lawmakers urge CFPB, FTC to keep pressure on Equifax

09/07/18

Sen. Elizabeth Warren and Rep. Elijah Cummings have called for an update on probes into the credit reporting giant a year after its massive data breach came to the light.

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