Sen. Nelson slams regulators, credit bureaus for short-sale confusion

WASHINGTON – Two Democratic lawmakers are calling for an update on regulators’ progress investigating Equifax a year after a massive data breach at the credit reporting giant came to light. sen. elizabeth warren, D-Mass., and Rep. Elijah Cummings, D-Md., have sent a letter to the Consumer Financial Protection Bureau and the Federal Trade.

 · A military veteran was denied a car loan in Arizona because a credit bureau said the person was dead.. according to a report from U.S. sen. bill nelson, the credit bureaus told Nelson.

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Hecuba and her women plot their retaliation for her loss since justice is no longer an option in their conquered, weakened state. sen. nelson slams regulators, credit bureaus for short-sale confusion FICO’s Lock on Mortgage Credit Scores Comes Under Fire – Liberal Democrats said the provision is an untimely gift to the credit-reporting.

CLEVELAND, Ohio — At a time when one out of five Americans has serious errors on a credit report, U.S. Sen. Sherrod Brown of Ohio is urging federal regulators to crack down on banks and credit.

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Senator Nelson pushes for reform of “short sales” on credit reports June 25, 2013. Homeowners who used short sales find their credit sunk by computer glitch June 12, 2013 sen. bill Nelson in Tampa today for talks with short-sale officials May 28, 2013. Sen. Nelson slams regulators, credit bureaus for short-sale confusion May 14, 2013

The Nation’s Housing: Short Sales listed as foreclosures on credit reports- Washington Post/Tampa Bay Times- 5/18/13. Sen. Nelson slams regulators, credit bureaus for short-sale confusion- Tampa Bay Times 5/14/13 Lack of Short Sale code in Credit Reporting system Creating Hardship for Many Consumers- National Mortgage Professional 3/11/13

The credit bureaus are considering the creation of a new code for short sales, but it could take up to two years for such a code to roll out into the marketplace, said Stuart K. Pratt, president.

Sen. Bill Nelson says a change to Fannie Mae’s credit reporting system is imminent.. Fix for Fannie Mae’s short-sale credit flaw on way, Sen. Nelson says. Banks and credit bureaus blamed the.