Access to Free Credit Scores Soars Past 50 Million

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.

Credit Default Rates Continue Acceleration

Consumer credit default option data through January demonstrates a slight up move in default speeds from lows experienced this past year, according to Tuesday’s report by S&P Dow Jones Indices and Experian.

Charge Card Use Fuels Borrowing Parachuting

Consumer borrowing – including auto loans, student loans and charge card balances – rose in December, in line with the Federal Reserve’s monthly consumer credit report.

Subprime Credit Card Firm Fined $3M

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.

CFPB Forever Prohibits Texas Card Supplier

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.