Half of CFPB Complaints in 2019 About Credit Reports As House Brings Reforms To Floor

Consumer alerts

Half of CFPB Complaints in 2019 About Credit Reports As House Brings Reforms To Floor

On Wednesday, the full U.S. House is expected to vote on a credit reporting reform package, HR 3621, the Comprehensive CREDIT Act. Meanwhile, a PIRG analysis finds that half of all complaints to the CFPB in 2019 concerned credit reporting and the most-complained about companies, in the entire database, were the so-called  Big 3 credit bureaus.

Senator: Consumers Should Have More Control Over Credit Reports. We Agree.

Consumer alerts

Senator: Consumers Should Have More Control Over Credit Reports. We Agree.

Throughout the anger and frustration over the Equifax breach debacle, consumers, reporters and legislators have repeatedly asked me: "Ed, why don't consumers, not credit bureaus, control when their credit reports can be shared or sold?" Now comes U.S. Senator Jack Reed (RI) with a PIRG-backed bill to do just that! 

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