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CFPB Report Shows Progress in Taming Credit Bureaus’ Mistreatment of Consumers

January 3, 2023

BOSTON – In reaction to today’s release by the Consumer Financial Protection Bureau (CFPB)’s of a report detailing improvements and deficiencies in the responses of the Big Three credit bureaus [Equifax, Experian and TransUnion] to complaints filed with CFPB, Chi Chi Wu, staff attorney at National Consumer Law Center, issued the following statement: “Today’s CFPB…

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Updated Credit Scoring Models Will Benefit Borrowers

October 24, 2022

New Model Will Improve Accuracy and Reduce Impact of Paid Collection Items and Medical Debt

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Consumer Advocates Applaud CFPB Rule Affirming States’ Ability to Police Credit

June 28, 2022

June 28, 2022 CFPB Interpretive Rule Clarifies that Scope of Federal Preemption is Narrow and Targeted BOSTON – Today, advocates at the National Consumer Law Center commended the Consumer Financial Protection Bureau for affirming the authority of states to regulate credit bureaus, tenant screening companies, and background check agencies, with only limited restrictions. The CFPB…

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Advocates Applaud CFPB Report Highlighting the Toll of Inaccurate Medical Billing on Consumers

April 20, 2022

April 20, 2022 WASHINGTON – Today, the Consumer Financial Protection Bureau (CFPB) issued a report examining the financial consequences of medical billing and collection endured by individuals and families nationwide. The report draws from analysis of the rising volume of medical billing and collection complaints submitted to the CFPB, which show “coercive credit reporting and…

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Consumer Advocates Applaud Biden Administration’s New Actions to Lessen the Burden of Medical Debt

April 11, 2022

April 11, 2022 WASHINGTON – In response to the Vice President Harris’ announcement today that the White House will be taking measures to increase consumer protections and lessen the burden of medical debt, advocates at the National Consumer Law Center issued the following statements: “We appreciate the White House’s efforts to improve protections for consumers…

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Consumer Advocates Cheer Removal of Most Medical Debt from Credit Reports

March 18, 2022

March 18, 2022 Credit Bureaus Should Remove Remaining Debts Owed by the Sickest and Most Vulnerable Consumers WASHINGTON – Today, advocates at the National Consumer Law Center applauded a move by the Big Three credit bureaus (Equifax, Experian, and TransUnion) to change how they report medical debt, which will result in the removal of nearly…

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Search Results

CFPB Report Shows Progress in Taming Credit Bureaus’ Mistreatment of Consumers

Updated Credit Scoring Models Will Benefit Borrowers

Consumer Advocates Applaud CFPB Rule Affirming States’ Ability to Police Credit

Advocates Applaud CFPB Report Highlighting the Toll of Inaccurate Medical Billing on Consumers

Consumer Advocates Applaud Biden Administration’s New Actions to Lessen the Burden of Medical Debt

Consumer Advocates Cheer Removal of Most Medical Debt from Credit Reports