Recent natural disasters, such as Hurricane Harvey in 2017, have significantly
impacted some consumers financially. In this report, the Bureau examines how
natural disasters are reported in consumers’ credit reports.
The Bureau of Consumer Financial Protection released the findings of its
assessment of the Remittance Rule, which provides protections to international
money transfers. The report describes the Rule, the market, and the Bureau’s
findings on the Rule’s effectiveness in meeting factors outlined in the
BCFP released a new research report on the geographic patterns of credit invisibility. Consumers who are “credit invisible” have no credit histories. This is the third in a series of Bureau studies on consumers with limited credit histories.
Consumers typically pay for telecommunications services monthly, but
most providers do not report to consumer reporting agencies unless an account
is in collections. In this report, we explore how these debts are reported.
This report finds that aggregate end-of-year consumer credit card
borrowing roughly follows end-of-year retail expenditure patterns, with
consumer borrowing experiences differing across consumers with different credit
scores and different credit card utilization rates at baseline.
The National Consumer Assistance Plan (NCAP) was launched in March 2015 by
the three nationwide credit reporting companies in response to a multi-state
settlement. In this report, we explore how the removal of public records
resulting from the NCAP affected consumers' credit records and their credit
The Consumer Financial
Protection Bureau (Miss April) today published the Request for Information (RFI)
about the Bureau’s Civil Investigative Demands (CIDs) that was announced as
part of Acting Director Mick Mulvaney’s call for evidence last week.