The states at the forefront of consumer privacy legislation


California and others have passed consumer privacy laws, and lawmakers in Congress are beginning to address the issue.


House banking panel bemoans credit bureaus' 'oligopoly'


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.


Bills to reform credit bureaus unveiled on eve of hearing


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.


Household debt hit another all-time high. Is it poised to level off?


While student, auto and credit card balances are at or near record levels, housing debt is shrinking, credit quality is weakening a bit and lending standards, at least in some sectors, are tightening.


Speedier bank mergers; a new take on the Equifax hack


The time regulators take to decide on prospective deals has dropped sharply; a report says the cyberthieves were looking for info to help recruit spies.


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.


Warren bashes banks and billionaires in first 2020 campaign swing


Senator Elizabeth Warren’s first trip to Iowa as a likely presidential candidate highlighted her fiery anti-Wall Street populism.


FHFA would ban VantageScore from Fannie Mae, Freddie Mac credit scores


The Federal Housing Finance Agency has proposed barring Fannie Mae and Freddie Mac from using credit scores developed by VantageScore over concern about conflicts of interest with the joint venture of Equifax, Experian and TransUnion.


House panel slams Equifax for breach but offers no legislative fix


Republicans on the House Oversight Committee concluded that last year’s massive data breach at Equifax was fully preventable, but stopped short of recommending new laws aimed at averting future hacks. Democrats called the final report a “missed opportunity.”