Issues with debt collectors, mortgage servicers and credit reporting agencies made up the top three categories in the U.S. Consumer Financial Protection Bureau’s first monthly report on complaint volume. Consumer…
Consumer advocates, though, support the bureau’s plan, praising the potential for unveiling new or emerging objectionable practices.
Unlike a regular credit card purchase, interest on cash advances, or those “convenient checks,” usually starts accruing right after the transaction.
All consumers who suspect that their personnel data is at risk should consider the following steps as “standard operating procedure” during these times of cybersecurity breaches.
A sharp rise in revolving credit, mostly from credit-card debt, to an 11.57 percent annual rate, represents the second-biggest jump since the recession ended nearly six years ago.
New data from CoreLogic found that the risk of default among renters nationwide decreased year over year, according to the firm’s index value of 108 for the first quarter of 2015.
The CFPB alleges that many consumers who were attempting to enroll in a regular PayPal account, or make an online purchase, were signed up for a credit product without realizing it.
The study reveals that while they apply for credit, Millennials are denied at a much higher rate – even though they outperform demographics within the same credit score range.
The CFPB says it is seeking information on such matters as: industry practices that create repayment challenges, hurdles for distressed borrowers, and the economic incentives that may affect the quality of service.
Bank of America and JPMorgan Chase, two of the nation’s biggest lenders, will update credit reports of more than a million Americans to remove debts that had been eliminated in bankruptcy.