Credit Reporting

Synthetic identity fraud balances grew 5% last year

03/08/18

TransUnion’s analysis of credit card applications and transactions finds fraudsters continue to steal more, but the rate of increase is slowing.

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Equifax cites 'ongoing investigation' by CFPB, other agencies

03/02/18

The Consumer Financial Protection Bureau is among several agencies that "continue to investigate events related to" last year's Equifax brief, the credit reporting firm said in a securities filing.

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The Bootstrap Trap

02/07/18

I just had the pleasure of reading Duke Law Professor Sara Sternberg Greene's paper The Bootstrap Trap.  I highly recommend it for anyone who is interested in the intersection of consumer credit and poverty law.

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Is CFPB punting on Equifax? It's complicated

02/05/18

It is unclear whether the Consumer Financial Protection Bureau is abandoning its supervisory oversight of Equifax or just taking a back seat to the Federal Trade Commission as the latter investigates the credit bureau.

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'This guy lives in Fantasyland’: Comments of the week

01/12/18

Readers react to the Federal Housing Finance Agency considering changing its credit scoring policy, slam the possibility of enforcing mandatory penalties for data breaches at credit reporting agencies, weigh the possible nomination of a credit union regulator to the CFPB, and more.

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‘Financial reports must have been fictional’: Comments of the week

12/21/17

Readers sound off on Mick Mulvaney’s plan to hire political appointees at the Consumer Financial Protection Bureau, question what’s behind the failure of Washington Federal Bank for Savings in Chicago, react to an argument that Equifax must endure, and more.

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10 who had a rough year in 2017

12/21/17

It was a bad year for the CEO of Equifax, the founder of a high-flying fintech and the regulatory agency bankers love to hate.

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Like it or not, we need Equifax

12/20/17

The credit bureau enraged many with its response to a massive data breach this fall, but closing the company down would ultimately harm consumers.

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CFPB takes $1.1M enforcement action against Xerox

11/20/17

The Consumer Financial Protection Bureau settled a $1.1 million enforcement action on Monday with Xerox Business Services, alleging that its software misreported borrower information to credit reporting agencies.

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CFPB requests information on free access to credit scores

11/13/17

The Consumer Financial Protection Bureau is seeking more information about consumers' experience with free access to credit scores.

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