Credit bureaus have “little incentive to treat consumers fairly when their credit reports have errors,” according to the Consumer Financial Protection Bureau, which analyzed 700K complaints from the big three credit bureaus.
Source: Inman News
Credit report errors are harming mortgage borrowers: Fed watchdog
Published in Agent, CFPB, Consumer Financial Protection Bureau, credit bureaus, Equifax, experian, Mortgage, mortgage credit, mortgage underwriting and TransUnion
More from AgentMore posts in Agent »
More from CFPBMore posts in CFPB »
- David Stevens, influential leader in mortgage finance, dies at 66
- Navy Federal faces lawsuits over discriminatory lending allegations
- Stricter rules eyed for controversial PACE energy improvement loans
- Legislation aimed at banning mortgage trigger leads is back
- Federal consumer watchdog flags mortgage servicers’ junk fees
More from Consumer Financial Protection BureauMore posts in Consumer Financial Protection Bureau »
- Project to tackle appraisal bias continues with Nov. 1 hearing
- ACI paying another $20M to settle mortgage payments debacle
- Credit repair companies settle ‘hot swapping’ allegations for $2.7B
- Freedom Mortgage to pay $1.75M to settle agent kickback scheme
- Test triggering $2.3B in mortgage payments leads to $25M fine
More from credit bureausMore posts in credit bureaus »
More from EquifaxMore posts in Equifax »
- Argyle sees path to profitability with $30M Series C raise
- AI mortgage tech provider Gateless beefs up integrations
- VantageScore: New scoring model could qualify 4.9M extra borrowers
- New Boom API to scale reporting of tenant payments to credit bureaus
- TransUnion knocks plan to let lenders use 2 credit reports
More from experianMore posts in experian »
- Argyle sees path to profitability with $30M Series C raise
- VantageScore: New scoring model could qualify 4.9M extra borrowers
- New Boom API to scale reporting of tenant payments to credit bureaus
- TransUnion knocks plan to let lenders use 2 credit reports
- TransUnion bets $24M in strategic partnership with Truework
More from MortgageMore posts in Mortgage »
- UHM revamps leadership team to support growing national footprint
- Lamacchia: ‘Nothing’s changed’ about mortgage commission rules
- Digital insurance marketplace Matic grows mortgage clientele
- Shape real estate’s future: Take the Inman Intel Index survey for April
- Industry gets some clarity on mortgage commission rules
More from mortgage creditMore posts in mortgage credit »
- Buyers take rebound in mortgage rates in stride as lenders tighten
- Mortgage rates hit 20-year high as demand ‘close to multi-decade’ low
- Homebuyer pessimism climbed to a new record high in September
- Homebuyer mortgage demand picks up even as lenders tighten
- Refis ramp up as rates fall to 6.28% — but homebuyers stay on the fence
More from mortgage underwritingMore posts in mortgage underwriting »
More from TransUnionMore posts in TransUnion »
- Argyle sees path to profitability with $30M Series C raise
- New rules for scoring mortgage borrowers coming in Q4 2025
- Personal info of nearly 15M people exposed in Mr. Cooper data breach
- VantageScore: New scoring model could qualify 4.9M extra borrowers
- New Boom API to scale reporting of tenant payments to credit bureaus
Be First to Comment