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Under the Trump administration, two of the three major credit bureaus have sharply reduced the share of complaints they resolved in customers’ favor.
In 2024, Experian’s relief rate was 20%. Last year, that figure fell to less than 1%.
Read our full investigation: propublica.org/article/credit-…
#Data #Finance #PersonalFinance #Credit #Trump #DataViz #Research #Journalism
Credit Bureaus Are Leaving More Mistakes on Frustrated Consumers’ Reports Under Trump’s CFPB
The credit bureaus have started dismissing a larger share of consumer complaints without help since the Trump administration began dismantling the CFPB.Joel Jacobs (ProPublica)
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Jeff Atwood (Rural Guaranteed Minimum Income Initiative • RGMII)mbbrutman
in reply to ProPublica • • •I just went through this recently with an obvious case of identity theft. Experian allowed me to open a dispute, then closed it two days later saying "Nope, it was you." They offered no evidence to support the claim.
There seem to be a lot of smaller, regional banks who will let people open accounts online with little to no identity checks. Worse, some of these are checking and savings accounts so they are not even showing up on credit reports.
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Credit Bureaus Are Leaving More Mistakes on Frustrated Consumers’ Reports Under Trump’s CFPB
Joel Jacobs (ProPublica)Vladyslav
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