COVID-19 Brought in Free Weekly Credit Reports. It Could Go Away in 2024.
While increased access to credit reports has been a boon to consumers during the pandemic, the credit reporting process still confuses many.
Source: businessinsider.com
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Could credit card late fees drop to $10? CFPB looks to rein in late fees
A proposal by the Consumer Financial Protection Bureau to rein in credit card late fees could result in changes to a 'safe harbor' that would favor consumers rather than financial institutions.
Source: americanbanker.com
Taiwan elections: Voters put aside China fears to dump Tsai Ing-wen's DPP
Taiwan’s local government elections felt more like a presidential campaign as supporters braved the rain for a greater say in the island democracy’s fragile future.
Source: afr.com
Fannie, Freddie Ordered to Slash Fees for Many First-Time Homebuyers
Regulators order mortgage giants to eliminate upfront fees on many purchase loans in order to help first-time homebuyers of limited means.
Source: inman.com
CFPB signals imminent crackdown on 'junk data' in credit reports
Credit bureaus should know better than to include "impossible" data, such as someone defaulting on a loan before they were born, says Consumer Financial Protection Bureau Director Rohit Chopra.
Source: americanbanker.com