Equifax Ordered to Pay $15 Million: Here’s What Consumers Should Know
The Consumer Financial Protection Bureau (CFPB) announced on Jan. 17, 2025, that Equifax, one of the three major credit bureaus, must pay a $15 million penalty for not conducting ...
JD Supra4d
Who Regulates Residential Mortgage Trigger Leads?
In a bit of a surprise development at the end of 2024, the United States Senate passed the Homebuyers Privacy Protection Act, which amends the ...
JD Supra5d
Consumer Finance Monitor Podcast Episode: The CFPB's Proposed Data Broker Rule
In today's episode, we discuss the CFPB’s recent proposed data broker rule—a proposal that would greatly expand the reach of the Fair Credit ...
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What is a credit reporting agency?
Credit bureaus are regulated by the Fair Credit Reporting Act (FCRA), a federal consumer protection law. The FCRA is designed to protect your privacy and ensure your credit reports are accurate.
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What is a credit reporting agency?
Credit reporting agencies are the companies that compile information from creditors to create your credit reports. Experian, Equifax and TransUnion are the three main credit reporting agencies, but ...
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Was Your Credit Unfairly Damaged? CFPB Slams Honda Finance for Shocking Reporting Scandal!
The Consumer Financial Protection Bureau (CFPB) has taken enforcement action against American Honda Finance Corporation for ...
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CFPB Examinations Highlight Fair Lending Risks in Credit Scoring Models
Amid recent technological advances in artificial intelligence and machine learning, on January 17, 2025, the CFPB issued ...