CFPB Report Reviews Financial Impact of Criminal Justice System on Families

Written By ESR News Blog Editor Thomas Ahearn In January 2022, the Consumer Financial Protection Bureau (CFPB) published a report entitled “Justice-Involved Individuals and the Consumer Financial Marketplace” that reviewed the financial issues facing people and families who come in contact with the criminal justice system, according to a news release from the CFPB. The…

CFPB Issues Bulletin to Prevent Unlawful Credit Reporting about Medical Debt

Written By ESR News Blog Editor Thomas Ahearn The Consumer Financial Protection Bureau (CFPB) has released a bulletin about “Medical Debt Collection and Consumer Reporting Requirements in Connection with the No Surprises Act” to remind credit bureaus of their legal obligations under the “No Surprises Act” that protects consumers from certain unexpected medical bills. Companies that…

CFPB Report Details Complaint Response Deficiencies of Large Credit Bureaus

Written By ESR News Blog Editor Thomas Ahearn On January 5, 2022, the Consumer Financial Protection Bureau (CFPB) released its annual report of consumer and credit reporting complaints that revealed how changes in complaint responses from three nationwide consumer reporting agencies (NCRAs) – Equifax, Experian, and TransUnion – resulted in less consumer relief. The report from…