Banks Feed

More than a third of consumers found mistakes in their credit reports, survey shows

More than a third of consumers who recently checked their credit reports found mistakes in them, a survey found. Many of the nearly 6,000 consumers who participated also reported having difficulty getting their free credit reports online, while others said they were unfairly charged for services. Read more →


Biden signs sweeping order aimed at reining in corporate power

President Joe Biden signed an executive order Friday on promoting competition in the American economy. It launches a government effort to combat growing market power in the U.S. economy by seeking to ensure that markets are competitive. Read more →


Consumers who buy manufactured homes are charged higher interest rates, have more risks, and face credit barriers, report shows

Manufactured housing, one of the most affordable types of housing available to low-income consumers, makes up 13 percent of the housing stock in small towns and rural America. However, the lower cost of buying a manufactured home often comes with higher interest rates and limited opportunity to refinance. Read more →


Corporate prosecutions dropped to a 25-year low during last year of Trump administration

Corporations escaped punishment at record levels during President Trump’s last year in office, when federal prosecutions of corporate criminals fell to just 94 – the lowest on record since the government started tracking corporate prosecution statistics in 1996, a Public Citizen report found. Read more →


American Medical Collection Agency agrees to settle multistate investigation into 2019 data breach

American Medical Collection Agency or AMCA has agreed to resolve a multistate investigation into a 2019 data breach that exposed the personal information of more than 7 million people, and possibly exposing the personal information of up to 21 million throughout the United States. Read more →


Trump administration rushing to reverse hundreds of rules before Trump leaves office

One of President Donald Trump’s big goals when he was elected was to cut regulations and reduce the size of the federal government. Trump claimed when campaigning that regulations were harmful to American businesses and Wall Street. Read more →


Predatory lenders will take advantage of new federal rule allowing higher interest rates, consumer group says

The True Lender Rule, which questions the power of state governments to regulate interest rate limits, will unleash predatory lending in 50 states. The rule, approved by the Office of the Comptroller of the Currency, would protect predatory, nonbank lenders from state enforcement. Read more →