CFPB Analysis Criticizes Consumer Reporting Companies on Complaint Response

A new Consumer Financial Protection Bureau analysis sharply criticized the three major nationwide consumer reporting companies, alleging changes in complaint responses provided by Equifax, Experian and TransUnion resulted in fewer meaningful responses and less consumer relief.

Housing Market Roundup: Dec. 21, 2021

So many reports, so little time. Here’s a roundup of recent housing market reports that came across the MBA NewsLink desk:

Gen Z Drives Strong Q3 Credit Activity

The credit card industry is rebounding strongly from the early impacts of the COVID-19 pandemic, said TransUnion, Chicago, with Gen Z leading the way in terms of originations and bankcard balance growth and other credit categories, including mortgage.

TransUnion: Healthy Consumer Credit Market Drives Return to Lending

TransUnion, Chicago, said the financial services industry is rebounding strongly from the early impacts of the COVID-19 pandemic, with auto, credit card, mortgage and personal loan industries exhibited renewed signs of strength at the mid-point of 2021.