CFPB pursues student debt relief scams, requires more accountability from credit reporting agencies

A productive week for the CFPB. The agency took enforcement actions against two debt-relief outfits who, according to the agency, charged illegal fees and made false promises about rates and/or results, among other nefarious activity. Read the details here.

Separately, following up on its report focusing on the effect of unpaid medical debt on consumer credit, the agency announced new reporting standards for the credit reporting agencies regarding their investigations of consumer disputes. Read more here.

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