If you’ve ever heard the phrase “We need to check your credit,” your next question may be “What are the three credit reporting agencies?” The agencies are Equifax, Experian and TransUnion. These are ...

Three of the country's largest credit reporting agencies are removing nearly 70% of medical debt from consumer credit reports, the companies announced in a joint statement Friday. The video featured ...

The Fair Credit Reporting Act (FCRA) stands as a pivotal piece of legislation in the realm of consumer rights, particularly ...

The Biden-era CFPB concluded that medical debts provide little predictive value to lenders about borrowers’ ability to repay other debts, and consumers frequently report receiving inaccurate bills or ...

On March 3, a trio of credit reporting agencies (defendants) moved to dismiss a plaintiff’s second amended complaint filed in the U.S. District Court for the Eastern District of California. The ...

SACRAMENTO, Calif. – Governor Newsom has signed Senate Bill 1061, a bill that prohibits the use of medical debt when calculating credit scores, into law before the deadline for pending legislation at ...

Medical debt is unfortunately synonymous with healthcare in the United States. Approximately 41% of Americans have debt for medical or dental bills – meaning they are currently owing a bill, being ...

Fair Isaac Corp.’s shares surged in Thursday morning trading after the US data analytics company said it would license its credit scores directly to mortgage resellers, raising concerns of margin ...

On January 7, 2025, the CFPB filed a lawsuit against a nationwide consumer reporting agency for violations of the Fair Credit Reporting Act. The lawsuit claims the company’s investigation of consumer ...

“Affirm operates on the principles of transparency and putting consumers first, which is why we have been actively engaged with Experian and across our industry to build upon our credit reporting ...

"This case was easy to predict. If a credit agency reports a consumer as dead, it only makes sense for them to be held accountable," said Daniel Zemel, an attorney based in Paterson, New Jersey, on ...

(Reuters) - Honda's U.S. financing arm was ordered on Friday by the U.S. Consumer Financial Protection Bureau to pay $12.8 million for reporting inaccurate information that affected the credit reports ...