The promise of eliminating medical debt from credit reports — per the finalized rule from the Consumer Financial Protection Bureau (CFPB) — is that consumers’ credit scores will go up, and in some cases significantly. The numbers are a bit eye-popping, as the agency has...
The FTC is sending almost $500,000 in payments to consumers it says were harmed by Vivint Smart Homes. According to a Wednesday (Dec. 4) news release, the Federal Trade Commission (FTC) alleges that the home security company misused credit reports to get “unqualified customers” financing for Vivint’s products and...
The FTC is refunding $1.9 million to victims of a “free” credit report scam. The refunds stem from a 2017 lawsuit by the Federal Trade Commission (FTC) against a company known as Credit Bureau Center, the regulator said Thursday (Nov. 21). According to the FTC,...
The Consumer Financial Protection Bureau (CFPB) has issued a proposed rule that would ban medical bills from credit reports. The proposed rule would stop credit reporting companies from sharing medical debts with lenders and would prohibit lenders from using medical information to make lending decisions, the agency...
March 14, 2017
About half of all Americans who took the SAT still remember their score 25 years later. Only about 40 percent of Americans, on the other hand, have any idea what their credit score is. SAT scores are important — very important, since they play a big role in deciding what college one will get into — but […]
December 05, 2024
The FTC is sending almost $500,000 in payments to consumers it says were harmed by Vivint Smart Homes. According to a Wednesday (Dec. 4) news release, the Federal Trade Commission (FTC) alleges that the home security company misused credit reports to get “unqualified customers” financing for Vivint’s products and services. The regulator had filed a complaint against Vivint in […]
November 21, 2024
The FTC is refunding $1.9 million to victims of a “free” credit report scam. The refunds stem from a 2017 lawsuit by the Federal Trade Commission (FTC) against a company...
June 11, 2024
The Consumer Financial Protection Bureau (CFPB) has issued a proposed rule that would ban medical bills from credit reports. The proposed rule would stop credit reporting companies from sharing medical debts with...
April 25, 2024
Nuvo has added business credit reports and business principal credit reports from Equifax to its trade credit management platform for B2B sellers. This addition will streamline customer onboarding, underwriting and...
