New light was shed recently on the credit scoring standard known as FICO, or FICO 8, to use the upgraded methodology’s proper name. Most credit consumers aren’t even aware that there was a shift in the most ...

An unintentional side effect from a rule mandated by Credit Card reform is keeping stay-at-home moms from qualifying for credit cards. The Consumer Financial Protection Bureau is reviewing the Credit CARD Act provision ...

The national credit card delinquency rate, measuring loans 90 or more days past due, dropped to 0.73 percent in the first quarter of 2012, from 0.78 percent in the previous quarter, according to the credit bureau ...

The combined percentage of loans in foreclosure or at least one payment past due was 11.33 percent in the first quarter, a 120-basis point decrease from last quarter and 98 basis points lower than a year ago. This ...

Residential mortgage lending remains tight, with some standards limiting or preventing access to loans for low-risk borrowers with good credit, Federal Reserve Chairman Ben Bernanke said today. Residential mortgages ...

A year-long investigation by an Ohio newspaper into 30,000 consumer complaints against the big three credit-reporting bureaus has caught the attention of state attorneys general and President Obama. The complaints ...

The percentage of U.S. consumers with FICO Scores between 800-850, the top range for credit worthiness, has reached a post-recession high not seen since October 2008, according to FICO Labs researchers. However, ...

The identities of nearly 2.5 million deceased Americans are stolen or otherwise improperly used to apply for credit every year, according to a study from the fraud prevention firm ID Analytics. It is believed to ...

Bankcard lending to consumers with poor credit histories showed a 41 percent increase from 2010 to 2011, as subprime borrowing hit a four-year high in Dec. 2011 with 1.1 million new bank credit cards issued. New ...

There are cheaper and more effective ways to protect your identity that to pay $120 to $300 annually for a bank or firm to monitor your credit reports for suspicious activity, according to Consumer Reports. The ...