The bureau restored a provision of the 1970 Fair Credit Reporting Act. The Consumer Financial Protection Bureau (CFPB) issued a final rule to block credit reports from including…
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FTC Issues Refunds to Consumers Harmed by Unqualified Loans
470 victims receive compensation after Vivint Smart Homes misused credit reports to secure unauthorized financing. The Federal Trade Commission (FTC) is distributing nearly $500,000 in refunds to consumers…
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Federal Court Orders Jeweler to Reopen Refund Claims for Customers
Retailer violated settlement terms by closing portal – consumers are encouraged to act before the December 21 deadline. Harris Jewelry was found to be in violation of its…
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FTC Fines TransUnion for Illegal Rental Background Check and Reporting
One fine was for poor screening and another for lying to customers. The Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) have issued two fines…
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CFPB Proposes Removal of Medical Bills from Credit Reports
The director says, “Medical bills have little predictive value in credit decisions.“ The Consumer Financial Protection Bureau (CFPB) is in the rulemaking process that would take medical bills…
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FTC Joins Consumer Financial Protection Bureau in Credit Information Appeal
The case involves how disputed credit information should be handled under the Fair Credit Reporting Act. The Consumer Financial Protection Bureau (CFPB) was joined by the Federal Trade…
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Federal Student Loan Payments Resume
Student borrowers experienced a three-year hiatus on repayment. The official return of payments on federal student loans began October 1, after borrowers had experienced three years without payment…
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FTC Imposes Fines TruthFinder and Instant Checkmate for Deceptive Practices
Background report providers to pay $5.8 million for misleading consumers and violating the Fair Credit Reporting Act. The Federal Trade Commission (FTC) has fined the background report companies…
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