DeadlineNews.Com » Credit

CFPB amends CARD Act, giving stay-at-home spouses, partners greater access to credit cards

Special Report — Thu, 02 May 2013 13:00:48 +0000

Under the old CARD Act rule, stay-at-home spouses or partners with access to income and the ability to manage, debt were being declined for credit card accounts, because of a regulatory quirk. That's changed. Credit card issuers have six months to comply with the new rule.

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Credit report errors could result in less favorable loan terms, higher borrowing costs

Broderick Perkins — Wed, 20 Feb 2013 14:00:20 +0000

Five percent of consumers had errors on one of their three major credit reports that could lead to them paying more for products such as mortgages. One in four consumers identified errors on their credit reports that might affect their credit scores.

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Justin Bieber’s prepaid debit card pitch off tune

Special Report — Wed, 30 Jan 2013 14:00:19 +0000

Super stars often take up a good cause to shed light on issues that warrant more attention. However, just because a celebrity promotes it doesn't mean it's good for you.

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Infographic: Santa Claus’ cool credit score

Broderick Perkins — Tue, 25 Dec 2012 14:00:28 +0000

Taking a look at Santa Claus' financial lifestyle is a good way to determine what his credit score would be, just as your financial lifestyle affects your credit score.

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Small, hidden, legal fees take you the cleaners

Broderick Perkins — Fri, 07 Dec 2012 18:42:16 +0000

Like the "garbage fees" that come with mortgages they are largely legit, "grey charges are more insidious, buried in the small print, hidden in payment options and tucked away inside disclosure documents.

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Federal consumer watchdog bares teeth at consumer reporting agencies

Broderick Perkins — Mon, 03 Dec 2012 14:00:45 +0000

The Consumer Financial Protection Bureau (CFPB) has notified some specialty consumer reporting agencies they've violated the free annual consumer report law.

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CFPB to financially empower stay-at-home partners

Special Report — Sat, 03 Nov 2012 13:00:26 +0000

Otherwise credit-worthy people are denied access to credit cards because they don't have their own income, independent of their spouse. The CFPB is proposing to change that.

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Civil penalties warning in federal report on ‘significant’ regulatory violations by mortgage lenders, credit card companies, other financial firms

Broderick Perkins — Thu, 01 Nov 2012 13:00:06 +0000

Mortgage originators continue to violate federal laws that regulate mortgage cost disclosures, fair lending practices and lending activity report requirements.

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Federal first: CFPB now accepting credit report complaints

Broderick Perkins — Wed, 31 Oct 2012 13:00:35 +0000

A landmark move by the Consumer Financial Protection Bureau offers the first-ever, individual-level, consumer report complaint assistance from the federal government.

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American Express busted, Feds order $85 million in compensations to 250,000

Broderick Perkins — Wed, 03 Oct 2012 13:00:54 +0000

The recent American Express bust is an example of the kind of protections consumers wouldn't get if Republicans had their way with the Consumer Financial Protection Agency and the federal regulations that empower the agency as a consumer watchdog.

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Consumer Financial Protection Bureau grabs regulatory reins of consumer reporting industry

Broderick Perkins — Tue, 24 Jul 2012 13:00:01 +0000

The Consumer Financial Protection Bureau (CFPB) recently established the first federal program to supervise consumer reporting agencies, for good reason - the bureaus haven't always had your best interests at heart.

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What credit report?

Broderick Perkins — Mon, 23 Jul 2012 13:00:40 +0000

Most consumers haven't seen their credit report in a year, think it's packed with a credit score and believe credit bureaus approve or deny credit. On all three counts, that's just wrong. The National Foundation for Credit Counseling helps clear the air about credit reports.

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Infographic: LIBOR lies spawn LIBOR lessons

Mark K. Hicks — Thu, 12 Jul 2012 15:16:56 +0000

Apparently, LIBOR lying was not a secret on Wall Street, but you need an accounting degree to understand the LIBOR lies, so we went to, well Accounting Degree.net to get a handle on the significance of the scandal.

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Consumer Financial Protection Bureau launches credit card complaint center

Special Report — Mon, 25 Jun 2012 19:00:26 +0000

The Consumer Complaint Database allows the public to know what is being complained about and why. It contains certain individual-level field data collected by the CFPB, including the type of complaint, the date of submission, the consumer’s zip code, and the company that the complaint concerns.

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Infographic: Credit scores that fly

Mark K. Hicks — Sat, 19 May 2012 13:00:58 +0000

Lenders swoon when your score soars above 760. What’s it take to really boost your credit score? To get there you’ll have to have a long history of credit with zero missed payments and just the right amount of aged ...

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