banks

50 Million Credit Card Consumers Now Have Access To Free Credit Scores

 New Study Indicates that Consumers Access Credit Scores and Credit Reports in a Variety of Ways but Confusion Persists The Consumer Financial Protection Bureau (CFPB) reported that more than 50 million consumers now have free and regular access to their credit scores through their monthly credit card statements or online. Last year, the CFPB...

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Consumer Financial Protection Bureau Study Finds That Arbitration Agreements Limit Relief for Consumers

Today, the Consumer Financial Protection Bureau released a study indicating that arbitration agreements restrict consumers’ relief for disputes with financial service providers by limiting class actions. The report found that, in the consumer finance markets studied, very few consumers individually seek relief through arbitration or the federal courts, while millions of consumers are eligible...

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Big Data is New Tool Used in Consumer Lending

February 23, 2015
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By LowCards.com Two new start-ups have recently opened their doors to help consumers with limited or no credit files obtain a loan. These consumers find it difficult, if not impossible, to borrow from traditional lenders because the credit bureaus do not have enough information to determine their level of risk. The two companies, Earnest...

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Apple Pay’s Biggest Competitor Could be a Totally New Credit Card

November 13, 2014
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By LowCards.com Apple Pay is being heralded as a revolutionary new payment system because of its two new security features: tokenization and fingerprint identification. The shocking number of data breaches in the last year have made credit card theft the crime that Americans worry about the most, according to a recent report. These two...

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