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Tag Archives: CFPB

The Consumer Financial Protection Bureau (CFPB) Wants to Hear From Consumers on Debt Collection Practices

FICO Bankinganalyticsblog advises debt collection industry to come clean on debt collection practices.   Now is the time to share your insights with the Consumer Financial Protection Bureau (CFPB).  On November 12, the CFPB published an advance notice of proposed rulemaking (ANPR) in the Federal Register requesting information from the public on a wide range of debt collection practices and related issues. This ... Read More »

CFPB Issues Warning to Specialty Consumer Reporting Agencies

The Consumer Financial Protection Bureau (CFPB) issued a bulletin raising concerns that specialty consumer reporting agencies are not easily releasing free information to consumers. The bulletin covers credit reporting agencies, that report activity such as bounced checks, gambling debts, employment and medical bills. These agencies must comply with the Fair Credit Reporting Act, including giving consumers one free report annually. But ... Read More »