Credit Report news and trends

McHenry Says CFPB Proposal Would ‘Severely Impair’ Credit Report Accuracy
CFPB // June 11, 2024

House Financial Services Committee (HFSC) Chairman Patrick McHenry, R-N.C., condemned a proposed rule announced Tuesday (June 11) by the Consumer Financial Protection Bureau (CFPB), saying it would upend the American credit and healthcare systems. Get the Full Story Complete the form to unlock this article...

CFPB Supports Connecticut Bill to Limit Reporting of Medical Debt
Consumer Finance // April 15, 2024

The Consumer Financial Protection Bureau (CFPB) has written a letter in support of a Connecticut bill that would prohibit healthcare providers in the state from reporting medical debt to consumer reporting agencies for use in a consumer report.  Get the Full Story Complete the form to unlock this...

Consumers’ Total Outstanding Credit Leaps $23.7 Billion in November
Consumer Finance // January 08, 2024

Consumers’ total outstanding credit leapt by $23.7 billion in November after growing by $5.8 billion the previous month. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

Credit Reporting Agencies Remove More Medical Collections Debt From Reports
Healthcare Financing // April 11, 2023

Three credit reporting agencies have taken another step in removing medical collection tradelines from credit reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...

Quick Reads
Equifax to Settle CFPB Allegations of Inaccurate Credit Reports

January 17, 2025
Equifax has agreed to a settlement and consent order that will resolve Consumer Financial Protection Bureau (CFPB) allegations that the consumer reporting agency failed to take steps to ensure the accuracy of its credit reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content […]

McHenry Says CFPB Proposal Would ‘Severely Impair’ Credit Report Accuracy

June 11, 2024
House Financial Services Committee (HFSC) Chairman Patrick McHenry, R-N.C., condemned a proposed rule announced Tuesday (June 11) by the Consumer Financial Protection Bureau (CFPB), saying it would upend the American...

CFPB Supports Connecticut Bill to Limit Reporting of Medical Debt

April 15, 2024
The Consumer Financial Protection Bureau (CFPB) has written a letter in support of a Connecticut bill that would prohibit healthcare providers in the state from reporting medical debt to consumer reporting agencies for...

Consumers’ Total Outstanding Credit Leaps $23.7 Billion in November

January 08, 2024
Consumers’ total outstanding credit leapt by $23.7 billion in November after growing by $5.8 billion the previous month. Get the Full Story Complete the form to unlock this article and...