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Displaying 1-5 of 54 results.
Aug 28, 2023

CFPB Reaches Multibillion Dollar Settlement with Credit Repair Conglomerate

he largest credit repair brands in America, including Lexington Law and CreditRepair dot com, perpetrated years long scheme to illegally harvest billions in fees

WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) entered into a proposed settlement with a ring of corporate entities operating some of the largest credit repair brands in the country, including Lexington Law and CreditRepair.com. The agreement follows a ruling from t ... View Full Article

Jun 06, 2023

Cash Stored in Payment Apps At Risk!

Analysis of Deposit Insurance Coverage on Funds Stored Through Payment Apps

The Consumer Financial Protection Bureau (CFPB) published an issue spotlight on digital payment apps heavily used by consumers and businesses. The analysis finds that funds stored on these apps may not be safe in the event of financial distress, since the funds may not be held in accounts with feder ... View Full Article

Mar 16, 2023

FHA Reduces Annual Mortgage Insurance Premiums by 30 Basis Points to Support Affordable Homeownership


WASHINGTON - [February 22, 2023] The Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA), announced a 30 basis point reduction to the annual mortgage insurance premiums (annual MIP) charged to homebuyers who obtain an FHA-insured mortgage. Vice Preside ... View Full Article

Mar 12, 2023

2023 Hampton Roads Housing Symposium

Experts Present Solutions to State of Housing in Black America Report

The Hampton Roads Association of Real Estate Brokers (HRAREB) and Virginia Housing and Community Development Corporation (VHCDC) proudly present the 2023 Hampton Roads Housing Symposium, a forum for meaningful exchange of ideas on increasing home ownership among black and brown families.  ... View Full Article

Aug 30, 2022

Medical Debt Collections on Credit Reports

Major Credit Bureaus Agree to Reporting Changes

Equifax, Experian, and Trans Union recently announced significant changes to the way medical debt collection data is reported on consumer credit reports. Specifically, the bureaus have agreed to three major changes, which are anticipated to impact 70% of medical collections. Paid medical collection ... View Full Article

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