Credit Reporting

Top senators seek input on how to strengthen data privacy


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.


Government shutdowns add new wrinkle to credit bureau reform


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


House committee to examine credit bureau reforms later this month


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.


Is customer information safer with a blockchain database?


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.


Sterling Jewelers fined by CFPB for unauthorized credit card accounts


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.


Democrats target credit bureaus; premium card lenders retreat


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


CFPB orders State Farm Bank to improve credit reporting practices


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


A fintech’s bait for banking’s big fish


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.


Fintech startup tries to help consumers fix credit report errors


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.


CFPB fines Tennessee payday lender over claims it misled borrowers


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