CFPB Semi-annual Report on Consumer Complaints – Part 2
CFPB Semi-annual Report on Consumer Complaints – Part 2 Auto Loans by John Ulzheimer Share Share Email Yesterday I addressed the credit card, consumer loan, mortgage loan complaints consumer made to the Consumer Financial Protection Bureau (CFPB). In this part 2, I’ll address student loan, bank account and service complaints and handling of the complaints. […]
According to the CFPB, the CARD Act helped to reduce fees and make credit card terms easier to understand
According to the CFPB, the CARD Act helped to reduce fees and make credit card terms easier to understand Credit Cards by John Ulzheimer Share Share Email I’m no fan of the CARD Act, and I think I’ve made that clear. It treats adults like children and assumes that we need to be protected from […]
Per CFPB, If You Furnish Information To The Credit Bureaus You Better Perform An Adequate Investigation When Disputes Are Filed
Per CFPB, If You Furnish Information To The Credit Bureaus You Better Perform An Adequate Investigation When Disputes Are Filed Auto Loans by John Ulzheimer Share Share Email Today the CFPB (Consumer Financial Protection Bureau) put companies that provide information to the credit bureaus (“data furnishers”) on notice that when the receive a dispute from […]
CFPB to Publish Findings of Credit Score Study By End of September
CFPB to Publish Findings of Credit Score Study By End of September Credit Monitoring by John Ulzheimer Share Share Email The Consumer Financial Protection Bureau (hereafter “CFPB”) will be publishing the results of a study on credit scores some time in September 2012. The CFPB performed a smaller study earlier in 2012 and concluded that […]
What Are The CFPB Examination Procedures for Consumer Reporting Agencies?
What Are The CFPB Examination Procedures for Consumer Reporting Agencies? Credit Monitoring by John Ulzheimer Share Share Email In March 2012, the Consumer Financial Protection Bureau (CFPB) announced that they were targeting consumer reporting agencies (CRAs) with at least $7 million in annual revenue. This included 30 companies, representing 94 percent of the market and […]
CFPB to Suggest Changes to CARD Act Addressing Stay-At-Home-Mom Issues
CFPB to Suggest Changes to CARD Act Addressing Stay-At-Home-Mom Issues Credit Cards by John Ulzheimer Share Share Email Richard Cordray, Director of the Consumer Financial Protection Bureau (CFPB), announced he will propose a change to the Credit Card Accountability, Responsibility and Disclosure (CARD) Act of 2009 and Federal Reserve regulations that critics have charged bars […]
Payday Lenders Get Warning From CFPB Regarding How They Treat Servicemembers
Payday Lenders Get Warning From CFPB Regarding How They Treat Servicemembers Auto Loans by John Ulzheimer Share Share Email Payday loans are among the most expensive forms of credit available in the U.S. Unfortunately military members often take advantage of these short term, high interest loans that, when annualized, can easily run well over 100%. […]
CFPB launches credit report complaint database
CFPB launches credit report complaint database Credit Cards by John Ulzheimer Share Share Email The CFPB just announced their new online credit report complaint database. Credit reporting agencies like TransUnion, Experian, and Equifax, provide reports and credit scores that effectively tell lenders what sort of human being you are. Your credit reports influence whether or […]
CFPB Semi-annual Report on Consumer Complaints – Part 1
CFPB Semi-annual Report on Consumer Complaints – Part 1 Credit Cards by John Ulzheimer Share Share Email The Consumer Financial Protection Bureau (CFPB) started accepting consumer complaints in July 21, 2011. The Bureau was charged with protecting consumers against deceptive practices by the consumer financial services industry. The first complaints were about credit cards; the […]