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.


Mulvaney's misfire: CFPB name change could cost industry millions of dollars


An internal agency analysis says changing the name of the bureau to the BCFP, as Mulvaney wants, could cost banks, credit unions and mortgage firms $300 million. It doesn’t have to be this way.


CFPB issues interim final rule on FCRA disclosures


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.


Bill to enhance poor credit scores will backfire, critics say


Allowing alternative data such as rent and utility payments has bipartisan support, but some say it could create more problems than it solves.


Expanded reporting for ‘credit invisibles’ could do more harm than good


Supporters say pending legislation would help consumers with little or no credit history. But the bill would instead roll back key consumer protections.


Senate should take up bill to help lenders see 'credit invisibles'


Consumers who regularly pay their bills on time for things such as their cable and mobile phones should be able to build their credit histories.


Credit union suit of Equifax may be first, likely won't be last


Summit Credit Union in Madison, Wis., has filed what's believed to be the first lawsuit by a financial institution in connection with the massive data breach.


Credit Report Errors Cause Consumers Higher Interest Rates


 Federal Trade Commission

After filing bankruptcy people are often interested in trying to rebuild their credit, and a Chapter 7 or Chapter 13 bankruptcy can be a good first step to repairing your credit.