TransUnion
CFPB fines Equifax $15 million for errors on credit reports
Key Points The Consumer Financial Protection Bureau fined Equifax $15 million for credit reporting errors. The CFPB alleged the credit bureau failed to properly investigate consumer disputes. Credit reports have a significant impact on consumer finances, experts said. They may dictate someone’s success in qualifying for a loan, renting an apartment or getting a job. […]
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What internet data brokers have on you — and how you can start to get it back
D3sign | Moment | Getty Images Data brokers have long operated in the shadows of the internet, quietly amassing unprecedented amounts of personal information on billions of people across the globe, but few realize just how deep this data collection really goes. In an age where every move you make online — every click, every […]
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Stocks creating the major moves midday: Gilead Sciences, Accenture, Trump Media, AMD and additional
Test out the providers building the major moves midday: Accenture — Shares popped 7.3% immediately after the consulting enterprise documented far more than $900 million in generative artificial intelligence bookings for its 3rd quarter, bringing the full to $2 billion for this fiscal year. Gilead Sciences — The biopharma stock surged 7.7% after the organization […]
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Us residents owe just about $1 trillion in credit card debt—here’s the breakdown by age
People now maintain a record quantity of credit card credit card debt — just about $988 billion, in accordance to the Federal Reserve Bank’s hottest details. “As inflation rose to around 40-year superior stages, many people have used credit history to assist control their budgets, primary to record- or close to-document significant balances,” Michele Raneri, […]
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Auto loan delinquencies are rising. Here’s what to do if you’re struggling with payments
Fotostorm | E+ | Getty Images For a rising share of car owners, monthly auto loan payments appear to be evolving into a problem. While borrowers who are behind on their payments by more than 60 days represent a tiny portion of all outstanding auto loans — 1.84% — their ranks are growing, according to […]
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Consumers are cutting back on holiday gift buying amid higher inflation
Inflation is weighing heavily on the holidays this year. Roughly half of shoppers will buy fewer things due to higher prices, and more than one-third said they will rely on coupons to cut down on the cost, according to a recent survey of more than 1,000 adults by RetailMeNot. Though the study found many consumers […]
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Auto loan delinquencies rise as loan-accommodation programs end
With inflation cutting into the budgets of Americans, a growing percentage of people with auto loans are struggling to make their monthly payments. TransUnion, which tracks more than 81 million auto loans in the U.S., said Tuesday the percentage of loans that are at least 60 days delinquent hit 1.65% in the third quarter, the […]
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TransUnion, Equifax, Experian may possibly have violated credit history reporting procedures, Rep. Jim Clyburn suggests
A important Democrat wants credit history reporting agencies Equifax, Experian and TransUnion investigated for allegedly failing to reply to purchaser issues in the course of the pandemic. Rep. James Clyburn, the chairman of the Residence Pick out Subcommittee on the Coronavirus Crisis, mentioned the nation’s 3 most significant nationwide shopper reporting agencies have “longstanding complications” […]
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Buy now, pay later will soon affect your credit score in the UK
Buy now, pay later giant Klarna says it will start reporting data on customers’ usage of its products to credit bureaus in the U.K., gearing up for incoming regulations aimed at reining in the sector over fears it is putting young people into debt. Starting June 1, the Swedish fintech firm will share information on […]
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Apple buys UK fintech start-up Credit Kudos
Customers walk past a digital display of the new green color Apple iPhone 13 pro inside the Apple Store on 5th Avenue in Manhattan, in New York, March 18, 2022. Mike Segar | Reuters LONDON — Apple has acquired British fintech start-up Credit Kudos, a person familiar with the matter told CNBC, confirming an earlier […]
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