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Credit Agencies Beware - The Feds Are Watching
CFPB cranks up oversight of credit reportiing companiesBy Daryl Nelson of ConsumerAffairsJuly 18, 2012Richard CordrayConsumers have a new set of federal eyes to look over their finances.Starting this...
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Consumer Bureau Touts 2012 Record
The Consumer Financial Protection Bureau points to its work to ‘help consumers’By James Limbach of ConsumerAffairsJuly 31, 2012The Consumer Financial Protection Bureau (CFPB), created last year by the...
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Feds Put Consumer Reporting Market on the Hot Seat
Examinations will verify that credit reporting companies are following the lawBy James Limbach of ConsumerAffairsSeptember 6, 2012Credit bureaus and other consumer reporting companies are going under...
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Blow the Whistle: CFPB Now Taking Complaints on Credit Reporting
For the first time consumers will get federal assistance on complaintsBy James Limbach of ConsumerAffairsOctober 24, 2012For years, we here at ConsumerAffairs have received your complaints about...
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Consumer Bureau Moves to Spur Consumer-Friendly Innovation
Project Catalyst will collaborate with innovators within the consumer financial marketsBy James Limbach of ConsumerAffairsNovember 15, 2012Project Catalyst, an initiative designed to encourage...
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Implementation plan for new mortgage rules spelled out
Protection from irresponsible lending and costly surprises and runarounds are includedBy James Limbach of ConsumerAffairsFebruary 13, 2013We now have a better idea of how the Consumer Financial...
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Modifications proposed for federal mortgage rules
Better consumer protection is the goalBy James Limbach of ConsumerAffairsJune 25, 2013Some clarifications and revisions are in store for the Consumer Financial Protection Bureau's (CFPB) January 2013...
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Certegy to pay multi-million dollar fine
The consumer reporting agency is accused of numerous credit reporting violationsBy James Limbach of ConsumerAffairsAugust 20, 2013One of the nation’s largest check authorization service companies will...
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Furnishers get guidelines for investigating consumer credit report disputes
You have the right to know that your dispute is being handled properlyBy James Limbach of ConsumerAffairsSeptember 4, 2013Furnishers, companies that supply information to consumer reporting companies,...
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TeleCheck to pay $3.5 million for credit reporting violations
Certegy paid a similar fine last year; both companies agree to clean up their proceduresBy James R. Hood of ConsumerAffairsJanuary 16, 2014The check authorization companies that consumers love to...
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Feds: Consumer credit scores should be more readily available
Consumer credit complaints are topped by inaccuracy of information issuesBy James Limbach of ConsumerAffairsFebruary 28, 2014Consumers shouldn't have to fight to get access to their credit scores and...
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New CFPB policy gives voice to complaints about financial companies
You can now opt-in to share your complaint narrative with the publicBy James Limbach of ConsumerAffairsMarch 20, 2015Feel the need to gripe publicly about your bank or credit card company? The Consumer...
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Credit reporting agencies agree to consumer-friendly changes
Experian, Equifax and TransUnion will also pay $6 million to 31 statesBy Mark Huffman of ConsumerAffairsMay 21, 2015Whether it is applying for a mortgage, buying a car or even applying for a job,...
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Feds take action against sellers of non-existent credit or identity theft...
If you were ever charged for these “services,” you might be owed a refundBy Jennifer Abel of ConsumerAffairsJuly 1, 2015Today the Consumer Financial Protection Bureau, or CFPB, announced an action...
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