A Federal Tool Could Soon Make It Easier to Compare Credit Cards
The Consumer Financial Protection Bureau, which already provides some card details, is asking banks for more information about who qualifies for which cards.
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The Consumer Financial Protection Bureau, which already provides some card details, is asking banks for more information about who qualifies for which cards.
Buy now, pay later companies like Apple Pay Later, Klarna, Afterpay, and Affirm offer to pay in no-interest installments. But they compel people to buy more than they should, and consumers often miss payments.
Articles from the tag: Credit report
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If the industry's largest players reported more payment information to the credit bureaus, many consumers would qualify for better offers from competitors, the Consumer Financial Protection Bureau said. It's the latest example of the bureau's increased scrutiny of credit card companies.