CEO Mark Begor testifies in Congress on March 7. He has said the company has sought to help consumers fix errors on their credit reports since the breach. PHOTO: AL DRAGO/BLOOMBERG NEWS By AnnaMaria Andriotis Equifax Inc. EFX -1.39% … Continue reading →
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In most cases, consumers use credit cards to borrow and sustain a positive balance for nearly a year, sometimes longer, according to a new Consumer Financial Protection Bureau Data Point: Credit Card Revolvers. The CFPB’s Office of Research, using data … Continue reading →
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WASHINGTON– The Consumer Financial Protection Bureau has released a report that found that more than one-in-four consumers with a credit report have at least one debt in collection by third-party debt collector. The report, which covers 2004 to 2018, is … Continue reading →
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Enlarge this image LA Johnson/NPR Most days, 25-year-old Chavonne can push her student loan debt to the back of her mind. Between short-term office jobs in the Washington, D.C., area, she drives for Uber. But once in awhile, a debt … Continue reading →
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In March, Apple revealed its first credit card: Apple Card, a thin slab of titanium that would provide shoppers with 3% cash back at Apple stores, 2% at anywhere Apple Pay is available, and 1% everywhere else. Many observers quickly … Continue reading →
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About 40 million Americans had a credit card declined in the past year, according to a new report from CompareCards.com, a LendingTree company that helps consumers improve their credit health. Having a credit card declined can be surprising, embarrassing and … Continue reading →
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Credit card issuers are benefiting from accelerating spending growth by their US customers, the banking industry’s second-quarter results have shown. Companies from JPMorgan Chase and Capital One to Synchrony Financial have reported growth in card spending in the three months … Continue reading →
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In this podcast, we discuss the CFPB’s proposed requirement for a collector to communicate with a debtor before furnishing information about the debt to a consumer reporting agency and proposed prohibition on selling or transferring a debt that is the … Continue reading →
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Consumer Payment Card News Late credit card payments are increasing slowly but surely over the past five years and setting new records. At the same time credit card users have resumed piling on more debt. These two signs along … Continue reading →
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Operators allegedly bilked consumers out of more than $23 million The Federal Trade Commission has stopped a student loan debt relief scheme, alleging it bilked more than $23 million from thousands of consumers with false claims that it would service … Continue reading →
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