Non-Traditional Credit Reports Now Regulated by 'Free Report' Rule
December 03, 2012
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Non-Traditional Credit Reports Now Regulated by 'Free Report' Rule
"Specialty" credit reports created by non-traditional credit reporting agencies must be provided to borrowers once per year for a small fee, or entirely free of charge, according to a new rule.
mortgages
Lawmakers Pressured to Help Troubled Homeowners
Last week, the attorneys general for 40 states plus Guam wrote a letter to some of the top officials in the U.S. Congress urging them to extend that tax breaks allowed under the 2008 Mortgage Debt Rel
identity theft
Shocking Stat: 10,000 Identity Theft Rings Operating in U.S.
There are more than 10,000 organized identity theft groups operating in the U.S. alone, according to new data from the security firm ID Analytics.
identity theft
More Identity Thieves Now Targeting Children
Researchers at the Carnegie Mellon University Cylab recently found that kids are at 51 times the risk of being targeted by identity thieves as adults.
mortgages
Why Refinance? Shorter Mortgages
Homeowners who are refinancing are opting to pay more cash at closing to slash their principal and, more recently, reducing the term of their mortgage, according to new data.
Student Loans
Over 60 & Still Struggling With Student Loans
Recent statistics from the federal government show that the fastest-growing student loan debt demographic is among consumers over 60 years old.
Credit Cards
MasterCard's Newest Creation: A Credit Card With a Keypad
MasterCard recently announced a new credit card that comes with both a built-in keypad and LCD display, which can be used in concert to create a one-time password that makes transactions more secure.
Managing Debt
New Data Show Consumers Using Their Plastic More Often
MasterCard saw the number of transactions it handled on its branded debit and credit cards from July to the end of September increase 24 percent - to 8.7 billion - on an annual basis.
identity theft
Hackers Gain Access to Barnes and Noble Customer Data
Consumers who shopped at one of the best-known bookstores in the nation recently may want to keep tabs on their financial records, as the company revealed it has been compromised by hackers.
Managing Debt
Debt Collectors Getting New Federal Oversight
The federal Consumer Financial Protection Bureau’s final rules for debt collections agencies will take effect on Jan. 2, when it gains full regulatory control over the industry.
