Sens. Jack Reed and Bill Hagerty have introduced the bipartisan Homebuyers Privacy Protection Act, a bill that would end the sale of residential mortgage applicant information by credit reporting agencies.
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Fed Takes Action Against TransUnion for Illegal Rental Background Checks
The CFPB and FTC have issued a joint consent order requiring the credit reporting conglomerate to pay $23 million in fines for tenant screening and security freeze failures.
Read More »CFPB Report Examines Consumer Complaints & Credit Bureaus
CFPB Director Rohit Chopra said, “Today’s report is further evidence of the serious harms stemming from [credit bureaus'] faulty financial surveillance business model.”
Read More »Servicers, Pay Attention to Supreme Court’s Ruling
The U.S. Supreme Court's ruling in the case of Spokeo Inc. v. Robins should be helpful to mortgage servicers. But at the same time, the ruling leaves many questions unanswered.
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