by Eric J. Ellman | Oct 29, 2023
In October 2023, the CFPB announced the release of its biennial report to Congress on the consumer credit card market. This report is required under the 2009 Credit Card Accountability Responsibility and Disclosure Act (CARD Act). There are several areas in the report...
by Eric J. Ellman | Oct 14, 2023
In September 2023, the American Association of Consumer Credit Professionals (AACCP) petitioned the CFPB to amend 12 C.F.R. Part 1022 – Fair Credit Reporting (Regulation V). The petition was signed by Matt Liistro, sometimes known as the “Credit...
by Eric J. Ellman | Feb 16, 2023
On February 16, 2023, the CFPB issued a blog (John McNamara), Why the largest credit card companies are suppressing actual payment data on your credit report. The blog points back to work by the Bureau in 2020 where the Bureau said that (quoting the Feb. 2023 blog)...
by Eric J. Ellman | May 26, 2022
All, In a blog post in May 2022, the CFPB (John McNamara) wrote that CFPB Research uncovered that only about half of the largest credit card companies contribute data to credit reporting companies about the exact monthly payment amounts made by borrowers. It also...
by Eric J. Ellman | Feb 13, 2021
In December 2020, the Association of Consumer Credit Information Suppliers (ACCIS), an associaiton of European credit reporting agencies, published a white paper on the complementarity of public and private credit reporting in Europe to promote responsible lending. ...
