CFPB Wants Card Issuers To Provide Free Credit Scores

Law360, New York (February 27, 2014, 3:33 PM EST) -- The Consumer Financial Protection Bureau on Thursday announced a push for credit card issuers to offer credit scores for free online and in monthly statements, accompanied by a warning for companies that report credit information to investigate consumer complaints thoroughly.

In newly released letters to large banks and credit unions, the CFPB encouraged them to follow the lead of several issuers that have begun offering customers the same credit scores that are obtained in the normal course of managing credit portfolios, along with educational materials to...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.