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. Under the consent order, the company will bring its dispute...
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 higher balances on other credit lines. “The importance of BNPL in the credit profiles of BNPL borrowers underlines the need...
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,...
SoFi Technologies has added two new credit cards to its one-stop shop for digital financial services. One card is designed for consumers who prioritize earning rewards on their daily spending, while the other is for those focused on building or improving their credit scores, the...
January 12, 2024
As technological advancements continue to revolutionize the financial industry, data privacy and security continues to take center stage, shaping consumer preferences and challenging financial institutions (FIs) to deepen their commitment to ensuring the confidentiality and protection of personal and financial data. In the “Credit Union Membership and Credit Profiles” report, PYMNTS drew on insights gathered […]
August 25, 2023
In today’s U.S. financial landscape, having a good three-digit credit score can be a critical factor in determining not only whether you are approved or denied for a mortgage, auto...
June 29, 2023
Many credit unions (CUs) have resolved to follow rather than lead in digital innovation. Nearly two-thirds adopt a cautious wait-and-see approach even as more members want innovative experiences and their...
June 21, 2023
If you’re reading this, chances are you have a credit card, as nearly 200 million Americans do — with many holding more than one. And those cards are getting more...
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. Under the consent order, the company will bring its dispute resolution processes into compliance with federal law and pay a […]
January 13, 2025
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 higher balances on other credit...
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...
October 09, 2024
SoFi Technologies has added two new credit cards to its one-stop shop for digital financial services. One card is designed for consumers who prioritize earning rewards on their daily spending,...
