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

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

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, auto loans


Justin Bieber’s prepaid debit card pitch off tune

CENTER FOR RESPONSIBLE LENDING - Super stars often take up a good cause to shed light on issues that warrant more attention. However, just because a celebrity promotes it


Infographic: Santa Claus’ cool credit score

The jolly old elf can give you a pointer or two about your credit score. Taking a look at Santa Claus' financial lifestyle is a good way to determine


Small, hidden, legal fees take you the cleaners

If you thought so called "junk fees" or "garbage fees" that come with mortgage orginations are a pain in your wallet, wait until you get a load of


Federal consumer watchdog bares teeth at consumer reporting agencies

CONSUMER FINANCIAL PROTECTION BUREAU — The Consumer Financial Protection Bureau (CFPB) has just released a bulletin to nationwide specialty consumer reporting agencies underscoring their obligation under the law


CFPB to financially empower stay-at-home partners

CONSUMER FINANCIAL PROTECTION BUREAU - At the Consumer Financial Protection Bureau (CFPB), our mission is to empower consumers and strengthen their financial independence. We want to make it


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

Perhaps the financial services industry doesn't get it, doesn't want to get it, or just sees paying hundreds of millions of dollars in consumer restitutions and fines as


Federal first: CFPB now accepting credit report complaints

The federal Consumer Financial Protection Bureau (CFPB) now offers groundbreaking federal assistance for credit report complaints. The landmark move, instituted Oct. 22, offers the first-ever, individual-level, consumer credit report


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

The recent American Express bust is the latest example of the kind of protections consumers wouldn't get if Republicans had their way with the Consumer Financial Protection Bureau


Consumer Financial Protection Bureau grabs regulatory reins of consumer reporting industry

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


What credit report?

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,


Infographic: LIBOR lies spawn LIBOR lessons

Apparently, LIBOR lying was not a secret on Wall Street. A CNN Money report this week, "Libor tinkering was no secret on Wall Street" reveals financial analysts reported the


Consumer Financial Protection Bureau launches credit card complaint center

CONSUMER FINANCIAL PROTECTION BUREAU - The Consumer Financial Protection Bureau (CFPB) recently launched a public Consumer Complaint Database on credit cards. The CFPB also released a snapshot of the


Infographic: Credit scores that fly

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

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