Credit Bureaus Reach Multi-State Agreement Concerning Reporting Errors
The three major credit bureaus agreed Wednesday to pay more than $6 million to 31 states to cover the cost of a three-year investigation into credit reporting errors.  more »
Six of the world's biggest banks will pay $5.8 billion and five of them agreed to plead guilty to charges tied to a currency-rigging probe as they seek to wind down almost half a decade of enforcement actions. more »
Eleven major mortgage lenders agreed Monday to maintain and monitor vacant properties in the state of New York where the loans are delinquent and the homes are abandoned - otherwise referred to as “zombie” properties. more »
The U.S. Supreme Court announced Monday it will take on Campbell-Ewald Co. v. Gomez, where it will be presented with two key issues involving offers of judgment and the TCPA. more »
The mortgage delinquency rate fell in the first quarter, marking the 13th consecutive quarterly drop. more »
U.S. Department of Education Secretary Arne Duncan on Wednesday received a letter from regulators in 11 states expressing concerns about information provided to students affected by the closure of campuses operated by Corinthian Colleges Inc. more »
"We will be able to take the information from today's report and apply it in the future as we continue to work on behalf of the most vulnerable consumers among us," said Richard Cordray, director of the CFPB.
WASHINGTON — More than 26 million consumers are effectively "credit invisible" because they have no credit record and another 19 million are "unscored" because they have an insufficient or stale credit history, according to a report released Tuesday by the Consumer Financial Protection Bureau. more »
A new study shows nearly half of consumers have checked their credit score in the past year, a sign that access to scores is getting easier for consumers. more »
A federal court has halted a sham operation that promised homeowners to help get their mortgages modified but instead allegedly stole their mortgage payments, thus ushering some deeper into foreclosure and bankruptcy. more »
Regions Financial will pay a $7.5 million fine after the Consumer Financial Protection Bureau said it charged consumers illegal overdraft fees on checking and payday-loan-like accounts. more »
Abandoned homes in New York City that are stuck in foreclosure proceedings jumped 38% rise in 2014. State officials are pushing for legislation to make banks and mortgage lenders more responsible. more »
In China, a new report from PwC, indicates banks are dealing with a surge in bad loans as a result of slowing economic growth. more »
With the Education Department nearing a deal with Navient Corp. over allegations the company cheated active-duty troops on federal student loans, the end could be near for a much delayed and heavily criticized investigation. more »

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