credit

American Honda Finance to Settle CFPB Allegations of ‘Sloppy’ Credit Reporting
American Honda Finance to Settle CFPB Allegations of ‘Sloppy’ Credit Reporting
January 17, 2025  |  Regulation

American Honda Finance Corporation (AHFC) reached an agreement with the Consumer Financial Protection Bureau (CFPB) to settle the regulator’s allegations that the company reported inaccurate information...

READ MORE >
CFPB: Credit Reporting Companies Must Disclose Source of Consumer Data
CFPB: Credit Reporting Companies Must Disclose Source of Consumer Data
January 16, 2025  |  Regulation

The Consumer Financial Protection Bureau (CFPB) filed an amicus brief Thursday (Jan. 16), saying it aims to ensure that credit reporting companies are held accountable for “junk...

READ MORE >
TransUnion Expands in Mexico With $560 Million Buro de Crédito Deal
TransUnion Expands in Mexico With $560 Million Buro de Crédito Deal
January 16, 2025  |  Acquisitions

TransUnion plans to purchase Mexico’s biggest credit bureau’s consumer credit business for $560 million. Get the Full Story Complete the form to unlock this article and...

READ MORE >
Credit Access Could Determine Small Business Success in 2025
Credit Access Could Determine Small Business Success in 2025
January 14, 2025  |  SMBs

Conditions are improving for small businesses, at least with the uncertainty of the election behind them and a generally positive mindset about fundamentals ahead of...

READ MORE >
CFPB Calls for Further Research Into BNPL’s Impact on Financial Health
CFPB Calls for Further Research Into BNPL’s Impact on Financial Health
January 13, 2025  |  BNPL

The Consumer Financial Protection Bureau (CFPB) said there is a need for more research into buy now, pay later (BNPL) after finding that BNPL borrowers held...

READ MORE >
Brex Secures $235 Million Credit Facility for Global Corporate Cards
Brex Secures $235 Million Credit Facility for Global Corporate Cards
January 13, 2025  |  Credit Cards

Brex secured a $235 million credit facility to expand its ability to provide global corporate cards and solutions for expense management, travel, banking and bill...

READ MORE >
Report: JPMorgan Veteran Ed Olebe to Lead Wells Fargo’s Credit Card Business
Report: JPMorgan Veteran Ed Olebe to Lead Wells Fargo’s Credit Card Business
January 09, 2025  |  Personnel

Wells Fargo has reportedly hired the former head of JPMorgan Chase’s branded credit card business, Ed Olebe, to lead its own credit card business. Get the Full Story...

READ MORE >
CFPB Signals Rulemaking Push for Nonbank Personal Loans, Including BNPL
CFPB Signals Rulemaking Push for Nonbank Personal Loans, Including BNPL
January 09, 2025  |  CFPB

The Consumer Financial Protection Bureau has been busy — with the latest salvo of (possible) rulemaking looming for buy now, pay later (BNPL) loans, earned...

READ MORE >
Report: Ally Cutting Jobs and Ending Mortgage Originations
Report: Ally Cutting Jobs and Ending Mortgage Originations
January 08, 2025  |  Consumer Finance

Ally Financial is reportedly cutting staff, ending mortgage originations and rethinking its credit card business. Get the Full Story Complete the form to unlock this...

READ MORE >