Posts Tagged ‘credit bureau’

Will Regulation Solve Cybersecurity Problems?

Posted on November 13, 2017 by Laura Lam

Cybersecurity was a main topic at a recent New York banking conference.  According to Arthur Lindo, senior associate director of the Fed’s division of supervision and regulation, more rules may not be the best answer to protecting the financial system.  “I don’t think the solution to the cybersecurity problem rests in regulation,” said Lindo.  “We’re going to try a more flexible approach.” The Fed and other regulators issued a notice of proposed rulemaking on cyber risk management standards last year, which is typically followed by a prospective rule. After the industry and others involved in computer security discouraged regulators from…

Experian Data Breach Affects 15 Million People

Posted on October 14, 2015 by Saldutti

A server containing sensitive consumer information at Experian was breached on October 1, with the records of as many as 15 million T-Mobile customers stolen.  There is no evidence that the stolen information has been used for fraud, according to the firms.  The news came at the same time as the American Bankers Association said that email addresses and passwords used to make purchases or register for events through its online shopping cart had been compromised. At least 6,400 users’ records had been posted online, though there was no evidence that credit card or other personal financial information had been…

Credit Bureaus Will Offer Relief for Medial Debt

Posted on March 19, 2015 by Saldutti

Big changes are coming for your credit report – eventually.  The 3 major credit reporting bureaus,Equifax, Experian and TransUnion, have agreed to make several significant changes over how medical debts will be handled and how disputes over information contained in the reports are resolved. Although a New York state investigation spurred the settlement, most changes will be enacted nationwide. Consumer advocates said the pending changes could make it easier for many consumers to improve their credit. “It seems pretty positive for consumers,” said Linda Sherry, director of national priorities for advocacy group Consumer-Action.org. “So much stems out of credit reports these days. It’s not…

7 Secrets Not on Credit Reports

Posted on September 07, 2011 by Saldutti

Do you feel like your credit report is spying on you?  Sometimes it seems like just about everything personal is included in your credit history, including your name, address and Social Security number. Even your birth date is on it.  But you still have a few secrets even your credit report doesn’t know.  Here are seven items that lenders won’t see when they pull your credit report, couresty of Bankrate.com and FOX Business new: Your Salary Salaries haven’t “been on a report since the early 1990s,” says John Ulzheimer, for SmartCredit.com. Even then, it was “highly dubious” because the information…