#creditreporting — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #creditreporting, aggregated by home.social.
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"On January 30, the Consumer Financial Protection Bureau (CFPB) began accepting public comments on whether the agency’s complaint intake system, which allows consumers to file public complaints against credit reporting companies, “is necessary for the proper performance of the functions” of the agency. The request for comment also seeks ideas on how to “minimize the burden of the collection of information” on companies flagged.
A potential rule change could make it harder for consumers to file complaints and publicize mistakes made by these credit reporting companies, which can “devastat[e]” families with higher interest rates and loan denials, according to a recent press release from the National Consumer Law Center, a nonprofit law group.
Three days before the announcement, the Consumer Data Industry Association — the lobbying group representing the “Big Three” credit reporting firms, Equifax, Experian, and TransUnion — noted in a letter to the CFPB that it should “cease publishing data related to individual consumer complaints” and that the bureau’s consumer complaint database is akin to a “Yelp for Financial Services.”
https://jacobin.com/2026/02/credit-reporting-transparency-regulations-trump/
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#TransUnion "upgraded" their site today, which of course means critical functionality no longer works.
Specifically, before today my wife was able to lock and unlock her credit report just fine, and now when she tries she gets nothing but errors from the web site.
We did a live chat with an agent and complained, and of course they said we had to call them on the phone to resolve the problem.
I'm skeptical that will work but we'll see.
Why do they suck so much?
#creditReporting -
CFPB Takes on Experian: A Legal Battle Over Credit Report Accuracy
In a landmark lawsuit, the Consumer Financial Protection Bureau (CFPB) is challenging Experian's practices regarding consumer dispute investigations. Allegations of sham investigations and improper ha...
https://news.lavx.hu/article/cfpb-takes-on-experian-a-legal-battle-over-credit-report-accuracy
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CFPB Takes on Experian: A Legal Battle Over Credit Report Accuracy
In a landmark lawsuit, the Consumer Financial Protection Bureau (CFPB) is challenging Experian's practices regarding consumer dispute investigations. Allegations of sham investigations and improper ha...
https://news.lavx.hu/article/cfpb-takes-on-experian-a-legal-battle-over-credit-report-accuracy
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CFPB Takes on Experian: A Legal Battle Over Credit Report Accuracy
In a landmark lawsuit, the Consumer Financial Protection Bureau (CFPB) is challenging Experian's practices regarding consumer dispute investigations. Allegations of sham investigations and improper ha...
https://news.lavx.hu/article/cfpb-takes-on-experian-a-legal-battle-over-credit-report-accuracy
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CFPB Takes on Experian: A Legal Battle Over Credit Report Accuracy
In a landmark lawsuit, the Consumer Financial Protection Bureau (CFPB) is challenging Experian's practices regarding consumer dispute investigations. Allegations of sham investigations and improper ha...
https://news.lavx.hu/article/cfpb-takes-on-experian-a-legal-battle-over-credit-report-accuracy
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CFPB Takes on Experian: A Legal Battle Over Credit Report Accuracy
In a landmark lawsuit, the Consumer Financial Protection Bureau (CFPB) is challenging Experian's practices regarding consumer dispute investigations. Allegations of sham investigations and improper ha...
https://news.lavx.hu/article/cfpb-takes-on-experian-a-legal-battle-over-credit-report-accuracy
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TD Bank Fined $28 Million by CFPB for Allegedly Sharing Inaccurate Customer Data https://thecyberexpress.com/td-bank-fine-cfpb-inaccurate-customer-data/ #TheCyberExpressNews #creditreporting #TheCyberExpress #consumerrights #financialfines #FirewallDaily #creditbureaus #creditscore #dataprivacy #Compliance #CyberNews #TDBank #CFPB
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Today I tried to set up #IdentityTheft monitoring with #IDX. When I got to point where it was trying to verify my identity, all I got was a forever-spinning cursor. This is probably because I have my credit report locked/frozen at the big 3 credit reporting agencies. That's right, IDX doesn't know how to deal with someone who is using the most commonly recommended protection against identity theft.
#infosec #privacy #CreditReporting -
The major credit reporting agencies are all still dumpster fires
I tried to dispute incorrect information. The process didn't fully work at any of the agencies. I was eventually able to dispute all of the incorrect information at one, but I was unable to dispute some or all at two others and eventually gave up. The credit reporting agencies are terrible.
https://blog.kamens.us/2023/07/12/the-major-credit-reporting-agencies-are-all-still-dumpster-fires/
#ConsumerActivism #GovernmentActivism #CFPB #CreditReporting #Equifax #Experian #TransUnion