The Consumer Financial Protection Bureau (CFPB) has begun a rulemaking process aimed at removing medical bills from Americans’ credit reports. This move is intended to provide financial relief to families dealing with medical crises, prevent debt collectors from pressuring individuals into paying potentially inaccurate bills, and ensure...
The Consumer Financial Protection Bureau (CFPB) has ordered carmaker Hyundai to pay more than $19 million for providing inaccurate information to credit reporting companies. The CFPB announced the penalty Tuesday (July 26), saying it was its largest ever Fair Credit Reporting Act (FCRA) case against...
Some of the most memorable television commercials of the 1970s and 1980s were those promoting E. F. Hutton’s brokerage services. When its tagline, “When E. F. Hutton talks, people listen,” was spoken in those commercials, everyone in the room stopped, turned to look and listened...
December 03, 2024
As the year draws to a close, the end of 2024 has been marked by a flurry of rule-making by the Consumer Financial Protection Bureau (CFPB). In the latest salvo, the agency on Tuesday (Dec. 3) proposed a new rule that would curtail data brokers’ access to consumers’ data and the ability to sell that […]
July 26, 2022
The Consumer Financial Protection Bureau (CFPB) has ordered carmaker Hyundai to pay more than $19 million for providing inaccurate information to credit reporting companies. The CFPB announced the penalty Tuesday (July 26), saying it was its largest ever Fair Credit Reporting Act (FCRA) case against an auto servicer. The bureau added that Hyundai also failed […]
