House Dem proposes banning use of credit scores for auto insurance


First-term Rep. Rashida Tlaib, D-Mich., has sponsored the Prevent Discrimination in Auto Insurance Act in order to prevent “undue burden” on low-income individuals seeking auto insurance.


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.


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.