Senate Holds Hearings On Credit Bureau Negligence

On Wednesday, December 19, 2012 the Senate Committee on Banking, Housing and Urban Affairs held a hearing titled “Making Sense Of Consumer Credit Reports” to determine the state consumer credit reports and the credit bureaus.

Government Crackdown On Debt Collectors

Finally, the government finally intends to start cracking down on outrageous debt collectors. ┬áThe Consumer Financial Protection Bureau (CFPB) is going to start policing collection agencies and rogue collectors who violate the Fair Debt Collection Practices Act (FDCPA). A quick watch of this video shows some of the outrageous lies and threats collectors use to […]

Consumer Financial Protection Bureau issues first report on credit bureaus

The Consumer Financial Protection Bureau (CFPB) released its first report on the major credit bureaus since it expanded its jurisdictional reach in July. ┬áThe major credit bureaus are Equifax, TranUnion and Experian. As expected, your credit report history is comprised mainly of credit card history and debt collection items generate the highest rate of credit […]