Hearing: Senate Banking Committee
The Senate Committee on Banking, Housing and Urban Affairs will meet in open session for a hearing, “An Overview of the Credit Bureaus and the Fair Credit Reporting Act.” The witnesses will be Ms. Peggy […]
Credit reporting
CFPB
Consumer bureau reps to testify in hearing on fair credit reporting
Representatives from two divisions of the federal consumer protection bureau are scheduled to testify July 12 during a Senate Banking Committee hearing, “An Overview of the Credit Bureaus and the Fair Credit Reporting Act.” Listed […]
CFPB
Credit, consumer reporting gets top number of complaints in March, bureau reports
Credit or consumer reporting was the most-complained about financial product or service category in March, the federal consumer financial protection bureau said Thursday, with perennial complaint generator “debt collections” coming in second. According to the […]
Legislation
Hearing looks at two bills focusing on data security, standards, notifications
Two pieces of legislation on data security and breach notification, one still in draft form, will be examined during a hearing Wednesday by the House subcommittee on financial institutions. The 2 p.m. hearing on “Legislative […]
CFPB
$1.1 million fine levied against software firm for program that sent wrong information about borrowers
Software errors that led to auto lenders sending incorrect information about more than 1 million borrowers to credit reporting agencies has resulted in a $1.1 million fine and a demand for a plan from the […]
CFPB
Credit raters fined, ordered to ‘truthfully represent’ value
Declaring that two credit rating agencies “lured consumers into costly recurring payments for credit-related products with false promises,” the CFPB Tuesday ordered Equifax, Inc., and TransUnion to pay fines and restitution totaling $23.1 million and […]