Credit score confusion continues
Remarkably, nearly half of U.S. Consumers polled mistakenly believe lenders have the most control over their credit score, according to a recent survey by Survey Sampling International. Even more think...
View ArticleInfographic: Cashing in on your credit score
The higher your score, the less risk you post to lenders when it comes to defaulting on your mortgage, and the better shot you have at landing a mortgage, but not just any old mortgage, a mortgage with...
View ArticleInfographic: How your credit score impacts your home buy
The lower your credit score, the greater the chance you'll be denied a mortgage or approved at a higher rate. Get to know your score before you sit down with a mortgage broker or lender.
View ArticleForces gather to fight renewed war against credit, mortgage, housing...
Housing and mortgage discrimination complaints are beginning a slow boil as government, consumer and community agencies join forces to fight renewed discrimination against minorities, immigrants, peole...
View ArticleInfographic: Credit scores that fly
Lenders swoon when your score soars above 760. What’s it take to really boost your credit score? To get there you’ll have to have a long history of credit with zero missed payments and just the right...
View ArticleConsumer Financial Protection Bureau launches credit card complaint center
The Consumer Complaint Database allows the public to know what is being complained about and why. It contains certain individual-level field data collected by the CFPB, including the type of complaint,...
View ArticleInfographic: LIBOR lies spawn LIBOR lessons
Apparently, LIBOR lying was not a secret on Wall Street, but you need an accounting degree to understand the LIBOR lies, so we went to, well Accounting Degree.net to get a handle on the significance of...
View ArticleWhat credit report?
Most consumers haven't seen their credit report in a year, think it's packed with a credit score and believe credit bureaus approve or deny credit. On all three counts, that's just wrong. The National...
View ArticleConsumer Financial Protection Bureau grabs regulatory reins of consumer...
The Consumer Financial Protection Bureau (CFPB) recently established the first federal program to supervise consumer reporting agencies, for good reason - the bureaus haven't always had your best...
View ArticleAmerican Express busted, Feds order $85 million in compensations to 250,000
The recent American Express bust is an example of the kind of protections consumers wouldn't get if Republicans had their way with the Consumer Financial Protection Agency and the federal regulations...
View ArticleFederal first: CFPB now accepting credit report complaints
A landmark move by the Consumer Financial Protection Bureau offers the first-ever, individual-level, consumer report complaint assistance from the federal government.
View ArticleCivil penalties warning in federal report on ‘significant’ regulatory...
Mortgage originators continue to violate federal laws that regulate mortgage cost disclosures, fair lending practices and lending activity report requirements.
View ArticleCFPB to financially empower stay-at-home partners
Otherwise credit-worthy people are denied access to credit cards because they don't have their own income, independent of their spouse. The CFPB is proposing to change that.
View ArticleFederal consumer watchdog bares teeth at consumer reporting agencies
The Consumer Financial Protection Bureau (CFPB) has notified some specialty consumer reporting agencies they've violated the free annual consumer report law.
View ArticleSmall, hidden, legal fees take you the cleaners
Like the "garbage fees" that come with mortgages they are largely legit, "grey charges are more insidious, buried in the small print, hidden in payment options and tucked away inside disclosure documents.
View ArticleInfographic: Santa Claus’ cool credit score
Taking a look at Santa Claus' financial lifestyle is a good way to determine what his credit score would be, just as your financial lifestyle affects your credit score.
View ArticleJustin Bieber’s prepaid debit card pitch off tune
Super stars often take up a good cause to shed light on issues that warrant more attention. However, just because a celebrity promotes it doesn't mean it's good for you.
View ArticleCredit report errors could result in less favorable loan terms, higher...
Five percent of consumers had errors on one of their three major credit reports that could lead to them paying more for products such as mortgages. One in four consumers identified errors on their...
View ArticleCFPB amends CARD Act, giving stay-at-home spouses, partners greater access to...
Under the old CARD Act rule, stay-at-home spouses or partners with access to income and the ability to manage, debt were being declined for credit card accounts, because of a regulatory quirk. That's...
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