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Passage Of Debt Collection Bill Could Be A ‘Slippery Slope’ For Lenders

Collection Industry News

In a letter sent to the leaders of the House and Senate , CUNA President/CEO Jim Nussle stated his objections to section 403 of the bill, which would amend the Fair Credit Reporting Act to prohibit credit scoring models from treating certain medical debt information on consumerscredit report as a negative factor.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On October 11, an automotive management company settled claims by the Department of Justice (DOJ) alleging that the company had violated the False Claims Act by knowingly providing false information in support of its Paycheck Protection Program (PPP) loan forgiveness application. For more information, click here.

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What is CBCInnovis On My Credit Report?

Better Credit Blog

Wondering about a credit inquiry from CBCInnovis on your credit report? An entry from CBCInnovis could be the result of several types of loan applications. While you may have applied for a loan from a popular lender or bank, their name isn’t necessarily the one that will appear on your credit report. Foreclosures.

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ACRAnet on My Credit Report

Better Credit Blog

Did the name ACRAnet recently appear on your credit report? While you might expect a credit check when you apply for a loan, many consumers don’t realize that background checks can result in a hard credit check as well. National Consumer Reporting Association. Get a Free Copy of Your Credit Report.

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What is Banana Republic SYNCB on My Credit Report?

Better Credit Blog

Soft inquiries occur when you view your score, shop for quotes, or are pre-approved for a loan or credit card. A soft credit pull verifies your score without damaging it or leaving a lasting entry on your credit report. Get a Free Copy of Your Credit Report. How to Get Banana Republic SYNCB off Your Credit Report.

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What is Banana Republic SYNCB on My Credit Report?

Better Credit Blog

Soft inquiries occur when you view your score, shop for quotes, or are pre-approved for a loan or credit card. A soft credit pull verifies your score without damaging it or leaving a lasting entry on your credit report. Get a Free Copy of Your Credit Report. How to Get Banana Republic SYNCB off Your Credit Report.

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What is Data Facts on My Credit Report?

Better Credit Blog

This inquiry could have been prompted by an application for a new job, rental home, or a loan. Data Facts is a credit reporting company that is primarily used by employers to vet applicants. They run background checks on prospective employees, accessing documents like consumer credit reports to assess their financial responsibility.

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