The CFPB is exploring long-term solutions to move away from single points of failure, ensure system resilience, and eliminate unnecessary complexity in rulemaking.
The nationwide credit reporting companies have removed medical collections already paid, under $500 or less than a year old from consumer credit reports. Have medical debt? Here’s what you should know.
Las compañías nacionales de informes de crédito removieron cobranzas médicas ya pagadas, menores de $500 y con menos de un año de antigüedad de los informes de crédito de los consumidores. ¿Tiene deuda médica? Le mostramos qué debe saber.
Los emisores de tarjetas de crédito no están reportando sus datos de pagos a las empresas de informes de crédito. Preguntamos por qué, y esto descubrimos.
Companies that provide adjustable-rate mortgages, student loans, home equity lines of credit, reverse mortgages, and credit cards are ending their use of a popular interest rate index, which expires June 30, 2023.
Help is available for homeowners who took out second mortgages years ago, and believed their loans were either forgiven or modified into a single loan, and now are being targeted by debt collectors threatening foreclosure.
Hay ayuda disponible para propietarios que hayan tomado una segunda hipoteca y ahora son blanco de cobradores que amenazan con ejecuciones hipotecarias.
Credit cards are one of the most common financial products in our country, providing the bulk of short-term credit for families. Interest rates on credit cards have risen substantially, with average interest rates going over 20%. Given the trends for the 175 million Americans with credit cards, the CFPB estimates that outstanding credit card debt may continue to set records and could even hit $1 trillion.
Consumers harmed by GST Factoring, Inc., Champion Marketing Solutions, Amanda Johnson, David Mize, Jacob Slaughter, and Daniel Ruggiero will receive money from the CFPB Civil Penalty Fund.
This week, the CFPB filed a joint Statement of Interest with the Department of Justice to protect homebuyers and homeowners from discriminatory appraisals.
By
Seth Frotman,
Zixta Q. Martinez,
and
Jon Seward
The public can submit comments through March 29, 2023 on an application to create an alternative mortgage disclosure to improve understanding and facilitation of construction loans.