There are a number of errors a credit repair service might look for on a person’s credit report, including accounts or legal actions that don’t belong to the customer and negative information that’s too old to be included. Typically, a consumer can perform these actions on their own beh...
There are a number of errors a credit repair service might look for on a person’s credit report, including accounts or legal actions that don’t belong to the customer and negative information that’s too old to be included. Typically, a consumer can perform these actions on their own beh...
On page two, you will write a short paragraph describing what you think would be a fair resolution to the problem. Page three requires you to submit your full name, mailing address, and email address. Page four asks for the name on your account, your credit card number, and the name of...
A Zelle spokesperson also criticized the CFPB’s claimed amount of fraud, arguing, “The CFPB’s headline grabbing number is misleading, as many reported frauds claims are not found to involve actual fraud after investigation.” Bank of America also pushed back on the CFPB lawsuit. When a clie...
3, the LDA algorithm requires inputs for two specific hyperparameters, α and η, and the number of topics K. The Discussion The results demonstrate the utility of topic modeling for the CFPB consumer complaints. The proposed approach using LDA created coherent and semantically meaningful topics...
The CFPB highlighted that the key information included in these disclosures includes the amount financed, total number of payments, finance charge, annual percentage rate, and potential late fee disclosures that provide transparency to consumers.20 Dispute resolution challenges: The top-...
The CFPB has revoked or scaled back a number of Trump administration policies. And the bureau is staffing up as it prepares to take a more active role in regulation and enforcement, as it did during the Obama administration. Banks and consumer groups have also raised concerns about tec...
Yesterday’s announcement is a clear indication that the CFPB is now recognizing that millions of consumers take out personal loans online. The announcement and Consumer Bulletin will increase consumer awareness of CFPB regulation of the industry, and correspondingly increase the number of complaints rec...
"For decades, people had nowhere to publicize their bad interactions with credit bureaus, mortgage companies and debt collectors," David Rossini, chair of PIRG's consumer protection program, said in a news release. "The ever-growing number of complaints filed with the CFPB show that the Bureau...
The CFPB is important given its broad reach in consumer financial products, the number of laws it enforces (over a dozen…), and its ability to penalize companies who violate the law, with up to $1 million per violation per day. In its 4+ years of existence, the CFPB has fined compan...