If you report it within three days, you will have zero liability for the unauthorised transaction. Here is a guide on customer liability for unauthorised credit card transactions. What is the ...

In 2022, the CFPB published a report highlighting the huge burden of medical debt on Americans, after which credit reporting companies voluntarily removed medical debt under $500 from their credit ...

CFPB rule bars medical debt from consumer credit reports Credit reporting companies, debt collectors sued separately Credit reporting companies asked for a temporary pause on a Consumer Financial ...

(Bill Clark/CQ-Roll Call, Inc via Getty Images) Millions of Americans may see significant changes to credit reporting in the coming months if they have unpaid medical bills or student loans.

This finding indicates that credit report errors are common, and these errors can have a significant impact on people's finances. Credit repair is one way people can address this issue.

So far the credit report is updated in a monthly cycle. According to RBI, the new regulation will prove to be more accurate in reflecting the financial record of the borrower. In monthly basis ...

The Reserve Bank of India (RBI) has recently implemented a new regulation regarding credit reporting practices. Starting from January 1, 2025, lenders are required to update credit bureau records ...

COURT: E.D. Tex. TRACK DOCKET: No. 4:25-cv-00016 (Bloomberg Law subscription) A trade group representing consumer credit reporting companies and a Texas-based credit union association sued to block ...

The Reserve Bank of India (RBI) has introduced a change to credit reporting rules. Lenders must now update credit bureau records every 15 days instead of the previous monthly cycle. This change aims ...

The Consumer Financial Protection Bureau (CFPB) has initiated legal action against Experian, accusing the credit reporting giant of conducting so-called "sham investigations" when consumers ...

The RBI's directive, first announced in August 2024, allows lenders and credit bureaus a transition period to upgrade their systems and processes. With these new bi-monthly updates, financial ...

“The CFPB’s final rule will close a special carveout that has allowed debt collectors to abuse the credit reporting system to coerce people into paying medical bills they may not even owe.