CONSUMER LENDING, COMPLIANCE, AND
CREDIT RISK & REPORTING NEWS

Read the key CDIA Connect takeaways for managing rising FCRA litigation and dispute risk

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2026 Reader YTD Favorites

FCRA Reinvestigation Standard Gets Fresh Legal Attention

CFPB Releases Annual Report on Consumer and Credit Reporting Complaints

FTC Publishes Updated Fair Credit Reporting Act Text

FTC Warns Against Illegal Credit Report “Fix” Promoted by Influencers

FCRA Compliance Shifts: Key Takeaways from Huizar v. TransUnion and Blevins v. Equifax

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Recent INDUSTRY News

Plaintiff Accuses Mortgage Company and Credit Agencies of Fraud and Credit Reporting Violations
TransUnion Lawsuit Puts Credit Reporting Accuracy and Valuation in Focus
ACU, Other Groups, Push FHA To Align Rules with Fannie, Freddie Standards
OpenAI Taps Plaid to Connect Bank Accounts
New NCC Tool Powered by Equifax Geared to Help Dealerships Spot Chargeback Risk
NYDFS Says Disparate Impact Remains in Effect
74% of Cardholders Push Issuers Toward Flexible Credit Options
ABA, Associations Offer Recommendations for Streamlining FHA Financing
OCC Issues Two Final Rules on Preemption of State Interest-on-Escrow Laws
Congressional reversal of CFPB actions would increase uncertainty
CFPB’s Vought Defends Terminating Citi Consent Order
Why the Consumer Reporting System Is So Important
Fed’s Bowman Says Bank Ratings Changes Are On The Way
HUD Signals Narrower Fair Housing Act Enforcement Focus, Heightened Scrutiny of Special Purpose Credit Programs
America’s $1.68 trillion auto debt crisis worsens
Letter to the FCC on “Know Your Upstream Provider”
Q1 NY Fed Report: Credit Scores for Mortgages Still Solid, Foreclosures Increase Slightly
Colorado Revamps Landmark AI Law
Ranking Member Maxine Waters Announces House Democratic Bills to Strengthen Consumer Protection, Commends Senator Warren and Senate Democrats for Forcing Senate Debate
FASB Roundtable Revives Debate Over CECL Burdens On Credit Unions, Community Banks
Beatty’s Bill to Boost Small Financial Institutions Nationwide Passes Unanimously
CBA Statement on Senate Confirmation of Kevin Warsh as Federal Reserve Governor
CFPB submits status report urging EEOC to revise framework to align with executive orders
Court rules in favor of furnisher in FCRA identity theft dispute
Experian Moves To Tackle Fraud, Identity Risks In Autonomous AI Payments
New York Fed: Credit card debt stands at $1.25 trillion
Household Debt Balances Rise Slightly as Delinquency Transition Rates Hold Steady
Consumer Protection Update: Insights into the First Year of the Trump-Vance FTC
Possible Releases Impact Report, Highlighting $650 Million in Customer Savings and Expanded Access to Fair Credit
CFPB Surprisingly Appeals Judge Davila’s Funding Decision to the Ninth Circuit
FCRA “Inaccuracy” and Legal Disputes: A Debt Is Not Misreported as “In Collections” Absent an Objectively Verifiable Bar to Collection: 3d Cir.
House to vote on bipartisan examination relief bill today
Records preservation proposal would keep focus on vital actions
Economic and credit union forecast: The war and more
The Truth About the “Credit System Changes” Going Viral Online
Troutman Pepper Locke Weekly Consumer Financial Services Newsletter – May 12, 2026
Affirm Targets Card Networks With Broader Payments Push
The Fed – Does Banking Consolidation Harm Households?
John Crews Nominated to Lead NCUA
CFPB to Bring Staff Back to Office Year After Closure
Rohit Chopra to Lead New California Business and Consumer Services Agency
Equifax Shareholders Reelect Board as CEO Touts Record Revenue, AI Push
Bankruptcy Filings Surge as Consumer Credit Stress Intensifies
Hourly Workers Drow in Liquidity Gaps; FinTech Has a Lifeline
https://www.cutoday.info/Fresh-Today/ACU-Says-OCC-Actions-Give-IFPA-Opponents-Another-Bite-At-The-Apple
GSEs clarify new appraisal format adoption timeline
EDNY Reaffirms the Reasonableness Standard for FCRA ID Theft Investigations
FCRA Lawsuits Rose 45% YoY and the Baseline Has Shifted
Why a large U.S. auto lender isn’t concerned about ‘forever loans’
More Households Are Using Buy Now, Pay Later. What Does That Mean for Homeownership?
The Fed – Measuring Renters in Credit Data: Evidence from Linked Survey and Administrative Data
‘New Citi’ makes its pitch
Interchange proposal would create complex compliance challenges
NCUA Announces Eleventh Round of Deregulation Proposals
New York Fed to Release Q1 2026 Household Debt and Credit Report on May 12, 2026
ICYMI From Former U.S. Senator Kyrsten Sinema: End the CFPB’s Political Football by Creating a Bipartisan Commission
March 2026 Litigation Update: FDCPA and FCRA Lead a Broad Consumer Litigation Rebound, YTD Figures Remain Up
Nichols: ABA Seeking Bank Policy That Survives Future Political Shifts
Courts Reaffirm the Standard for FCRA Public Records Reasonable Investigations
Morgan v. LexisNexis Risk Solutions: Court Dismisses FCRA Claims Over Vacated Judgments
FDIC Releases Annual Risk Review Report
TransUnion Flags ‘K-Shaped’ Credit Divide as Mortgage Delinquencies Climb, Refi Activity Surges
Increased Access to Credit Unions is Affordability Solution
FTC to Ban Kochava and Subsidiary from Selling Sensitive Location Data to Settle Charges They Sold Location Data Linked to Millions of Mobile Devices
Consumer Data Privacy Bill Gets Final Passage in CT House
NCUA Seeks Comment on Enhancing and Streamlining Credit Union Data Collection
CFPB Finalizes New 1071 Small Business Lending Rule
Federal Privacy Bills Introduced: GUARD Financial Data Act and SECURE Data Act
Survey: Bankers Remain Uncertain About Offering BNPL Products
Lawmakers Demand Answers About Unfixed Credit Report Mistakes
Anthropic And FIS Join Forces on Autonomous AI Crime Buster
Credit Union AI Readiness Still Starts with Data
CFPB Finalizes Section 1071 Rule With 2028 Compliance Date
FTC to Ban Kochava and Subsidiary from Selling Sensitive Location Data to Settle Charges They Sold Location Data Linked to Millions of Mobile Devices
Credit Unions Need Data Maps Before AI Guardrails
OCC Releases CRA Performance Evaluations for 21 National Banks and Federal Savings Associations
CUs Risk Losing More Than Deposits as Digital Investment Shift Accelerates
GM OnStar Class Action Lawsuit Will Proceed in Court
BPInsights: May 2, 2026
The April 2026 Senior Loan Officer Opinion Survey on Bank Lending Practices
PenFed Auto Originations Jump 88%
Agencies Issue Host State Loan-to-Deposit Ratios
Experian Need not Scour Dockets for Bankruptcy Discharges, Judge Says
Treasury Issues Proposal to Cease Issuing Paper Checks
AG Lawsuit Underscores Importance of Evaluating Medical Debt Collector Practices
FTC Unveils 2026–2030 Strategic Plan: Data-Driven Enforcement Meets Pledges to Reduce Regulatory Burden
U.S. Consumer Credit Market Increasingly Splitting Along a K-Shaped Path, TransUnion Research Finds
What Businesses Must Know About CCPA/CPRA’s Next Phase
House Subcommittee Hearing Tackles Credit Data Accuracy and CFPB Database Reforms
Wells Fargo Defeats FCRA Claims Over Fraudulent Account
 Fintechs Aren’t Just Partnering With Banks – They’re Becoming Them
Indiana’s Interra CU Reaches into Ohio for Groundbreaking Bank Acquisition
Experian Maps a Seismic Shift Hitting Lenders Now
5 Must-Read Analyst Questions from Equifax’s Q1 Earnings Call
Charm Voted Winner of NACUSO’s 2026 Next Big Idea Competition
TransUnion Q1 Earnings Call Highlights
Lawmakers Eye New Credit Shortcut, But It Could Backfire for Millions
DCUC Submits Comments to NCUA, Reinforcing Commitment to Balanced, Accountable Deregulation
Advocating for Credit Union Capital Relief
PRESS RELEASE: AMERICA’S CREDIT UNIONS AND PAC PLEDGE NEARLY $8 MILLION FOR 2026 MIDTERM ELECTIONS