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Melanie Scarborough

Melanie Scarborough

Melanie Scarborough is a contributing editor for Banking Exchange magazine and www.BankingExchange.com. She is based in Washington, D.C.. Scarborough was senior editor of Community Banker, where she received the APEX award for feature writing, and a regular contributor to ABA Banking Journal. Melanie previously was an associate editor of the Richmond Times-Dispatch in Richmond, Va., and a monthly columnist for the Washington Post.

Among the trends detected by TransUnion’s latest credit research are significant changes in mortgage credit.

Access to consumer credit grows amid concerns

Originations and balances are up—but so are delinquencies in certain segments.
By definition a complaints report does not focus on good news, but some servicers have seen decreases in complaint rates. Others,however, have seen increases.

Mortgage servicing featured in bureau complaint tally

Report unpopular in industry shows some positives for some servicers
When systems go blooey, CFPB believes that can be a legal offense.

"Rush" to judgment?

Can tech breakdown be abusive and deceptive? CFPB says so
CFPB scrutinized credit score and credit monitoring services offered by two major consumer credit reporting companies.

Credit firms settle deception claims

In CFPB case TransUnion, Equifax pay $23.1 million over charge of misrepresenting monitoring services
New research from TransUnion probes the future for consumer credit.

Delinquencies to rise for auto loans, credit cards

Higher rates, more subprime borrowing to drive 2017 increase
Consumer Financial Protection Bureau made it clear four years ago that reverse mortgage advertisign was under scrutiny.

CFPB cites reverse mortgage firms for deception

Three companies accused of making false ad claims
An open door for the underserved might bring in some good business for banks, a new study suggests.

Growing market seen among underserved

Large number of unbanked and underbanked represent untapped opportunities, says report
Fitch Ratings raises commercial real estate concerns in a new report.

CRE exposure hits record levels

Present conditions unsustainable, softening of market anticipated
The bureau's final rule on prepaid cards may influence which programs survive into the future, warns an industry group.

CFPB hits prepaid card accounts hard

Final rule on prepaid and mobile commerce requires many protections required for traditional products
Wells Fargo hit on military lending

Wells Fargo hit on military lending

Must pay restitution and penalties for violating Servicemembers Civil Relief Act.
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