A suggestion was issued by the Consumer Financial Protection Bureau aimed at enhancing how consumer credit card deals are submitted by businesses to the agency.
The charge card delinquency rate stayed constant in Q4 compared with a year earlier, while 5% rose. The increase suggests the maximum annual jump seen since 2008, record growth, based on a TransUnion report.
More than 50 million consumers finally have routine and free access to their fico scores on the internet or through their monthly charge card statements, the Consumer Financial Protection Bureau reported Thursday.
Vladimir Drinkman, a Muscovite charged in the largest information-violation prosecution in U.S. history, pleaded not guilty to federal charges that he conspired to steal 160 million credit card numbers.
Consumer credit default option data through January demonstrates a slight up move in default speeds from lows experienced this past year, according to Tuesdays report by S&P Dow Jones Indices and Experian.
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Consumer borrowing – including auto loans, student loans and charge card balances – rose in December, in line with the Federal Reserves monthly consumer credit report.
Wells Fargo Bank will pay $4 million for credit card-associated infractions uncovered by a New York Department of Financial Services assessment of the former affiliate of the bank, according to New York officials.
A subprime credit card business in Delaware will pay in penalties and refunds for supposedly charging fees the Consumer Financial Protection Bureau says offended national law.
WASHINGTON The Consumer Financial Protection Bureau is seeking to forever prohibit a credit supplier in Texas from offering any services due to claims that it ran a “sham credit card” company.
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