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Newest score mines the nuances in recent consumer data to deliver increased predictive power FICO announced today that the new FICO® Score 9 introduces a more nuanced way to assess consumer collection information, bypassing paid collection agency accounts and offering a sophisticated treatment differentiating medical from non-medical collection agency accounts.

The Justice Department’s Civil Division announced today that RMCN Credit Services Inc. (RMCN), of McKinney, Texas, and the Texas residents who own it, Doug and Julie Parker, have agreed to settle a federal court case charging them with falsely disputing negative information on consumers’ credit reports and collecting illegal upfront

ANDERSON, OGILVIE & BREWER LLP ANNOUNCES PRELIMINARY APPROVAL OF THE SETTLEMENT IN HOLMAN V EXPERIAN INFORMATION SOLUTIONS, INC. On April 29, 2014, U.S. District Judge Claudia Wilken preliminarily approved the settlement of a class action against Experian Information Solutions in which our law firm represented the plaintiffs and class. The

Nearly 750,000 Consumers Harmed by Illegal Credit Card Practices WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) is ordering GE Capital Retail Bank (GE Capital), now known as Synchrony Bank, to provide an estimated $225 million in relief to consumers harmed by illegal and discriminatory credit card practices. GE

RMCN Will Pay $400,000 for Violations Alleged by FTC A Texas-based company owned and operated by a husband and wife team has agreed to settle Federal Trade Commission charges that it violated federal law by lying to consumer reporting agencies, often referred to as “credit bureaus,” and charging consumers up-front

The CARD Act is giving consumers real protection, but the job isn’t finished. The CFPB has made great strides in protecting consumers with the passage of the CARD Act. This week marks the five-year anniversary of the passage of the CARD Act, a piece of legislation that cleaned up some

By Sarah Bainton Kahn   We’ve been hearing from foster youth who’ve experienced identity theft. One young man described moving into his first apartment and all of the new responsibilities that came with this milestone. When he went to set up his utilities, he found out that someone else’s unpaid

Thanks to the Internet, you can find information on practically anything nowadays – from how to keep your azaleas from dying, to what time your favorite restaurant closes, to how credit scores work. However, despite the combined efforts of personal finance experts, financial bloggers and news sites to educate consumers,

 If you’re trying to correct an error in your credit report at one of the nation’s largest credit reporting companies, there is some good news. Recently, Equifax, Experian, and TransUnion added a function to their dispute-handling system that makes it easier for you to explain your dispute. Now

Your house is in foreclosure, the mortgage company is calling you every day. They make it sound like they’re going to come and put your stuff out on the street any minute. You’ve heard about, or read about, or even applied for a mortgage modification. You’ve also heard about short