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FTC Testifies on ID Theft, Imposter Scams
The Federal Trade Commission on Wednesday, in testimony before Congress, detailed the agency’s education and outreach efforts against identity theft and Internal Revenue Service imposter scams.  more »
MultiCare Health Systems, a Tacoma, Wash.-based nonprofit, is the subject of a new report citing questionable billing practices and collection methods that leave some patients in endless cycles of debt. more »
Bank card and closed-end loan delinquencies rose in last year’s fourth quarter but were still near record lows, according to the American Bankers Association’s Consumer Credit Delinquency Bulletin. more »
Ninety-two percent of Americans are "very or somewhat confident" in their most recent big financial decision - such as picking a credit card, buying a car or refinancing a mortgage, according to a survey by the National Foundation for Credit Counseling and NerdWallet. more »
SHOW ME: "We look at everything that comes down the road, but I have not personally seen something that I feel is superior" to the traditional FICO score, said Al Engels of Valley National Bancorp.
If a new FICO score is to succeed, it's going to have to impress the Al Engels of the world. more »
The Center for Responsible Lending (CRL), in a recent study of payday lending in one state, found that nearly half of all borrowers default on a loan within their first two years of borrowing. more »
The Office of the Comptroller of the Currency appointed Richard Taft to be its next deputy comptroller for credit risk. more »
A New York judge dismissed a lawsuit alleging HSBC Holdings Plc violated a law requiring lenders to file paperwork entitling homeowners to settlement conferences within 60 days to negotiate loan modifications. more »
Virginia Attorney General Mark Herring endorsed the CFPB's payday lending plans while announcing his own pending crackdown on abusive lenders.
The Consumer Financial Protection Bureau's plans for revamping payday lending set off a fierce debate Thursday over whether the agency had gone too far or not far enough, proving that this is likely to be one of the trickiest rulemakings the agency will ever attempt. more »
Virginia Attorney General Mark Herring endorsed the CFPB's payday lending plans while announcing his own pending crackdown on abusive lenders.
The Consumer Financial Protection Bureau's plans for revamping payday lending set off a fierce debate Thursday over whether the agency had gone too far or not far enough, proving that this is likely to be one of the trickiest rulemakings the agency will ever attempt. more »
The first mortgage default rate dropped for the first time since July 2014 after months of steady increases, according to the February S&P/Experian Consumer Credit Default Indices report. more »
Nevada lawmakers reviewed a bill Monday to curb predatory short-term lending by better disclosing the rates and risks of payday loans. more »
A report from the Consumer Financial Protection Bureau has found deceptive student loan debt collection practices, unfair and deceptive overdraft practices, mortgage origination violations, fair lending violations and mishandled disputes by consumer reporting agencies. more »

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