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Category Archives: Research, regulation, industry reports

CFPB’s complaint system makes friends and enemies

Fred Williams

Capt. Will Jamison is in the minority of Americans who know about the Consumer Financial Protection Bureau. As a judge advocate at Ellsworth Air Force Base in South Dakota, he called the consumer watchdog agency to get help for a…
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CFPB takes a closer look at alternative credit data

Kelly Dilworth

The Consumer Financial Protection Bureau (CFPB) is weighing relaxing federal regulations to allow more lenders to consider nontraditional information when weighing a consumer’s creditworthiness. As part of its review, the CFPB is seeking public feedback on the benefits and risks…
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Medical bills can take a big toll on credit

Brady Porche

Paying a big medical bill can have long-term financial side effects, according to a new study by Chase. In a study of 250,000 Chase checking account holders, the bank found that the average family’s revolving credit card debt was 9…
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Bad credit increases your risk of early death

Kelly Dilworth

Falling behind on payments won’t just wreck your credit score, it could also increase your risk of early death. According to new research released by the Federal Reserve Bank of Atlanta, people with bad credit are significantly more likely to…
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1099-C rule change is good news for debtors

Fred Williams

This tax season, there’s good news for people struggling with debt. Under a new IRS rule, people will no longer be squeezed for taxes just because an old debt has gone unpaid. Before coming to that, however, some bad news:…
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