Bridgeforce Data Solutions

THE SCANNER: CFPB Finalizes Rule on Federal Oversight of Popular Digital Payment Apps to Protect Personal Data, Credit reports will be at least 20% more expensive in 2025, Lawsuit Filed Challenging CFPB’s Advisory Opinion on Medical Debt, and more top headlines. Catch up on all of the top news from this week: https://hubs.la/Q02Z3Z_g0 #banks #consumerlending #compliance #creditrisk #creditreporting #cfpb #fintech #news #industryupdates #TheScanner

THE SCANNER: Landmark Settlement of $10 Million Secured for Victims of FCRA Violations, BofA Bracing for Potential $800 Million Loss as Investigators Probe BofA, JPMorgan Chase and Wells Fargo’s Alleged Zelle Fraud Reimbursement Practices, Ex-Toyota Financial Worker Advises on Sending Credit Dispute Letters on TikTok, and more top headlines. Catch up on all of the top news from this week: https://hubs.la/Q02YfwMq0 #banks #consumerlending #compliance #creditrisk #creditreporting #cfpb #fintech #news #industryupdates #TheScanner

THE SCANNER: CFPB Orders Navy Federal Credit Union to Pay More Than $95 Million, Capital One Warns of Potential Enforcement Action, CFPB Takes Action Against Unlawful Redlining, What Lies Ahead for the CFPB as Trump 2.0 Takes Shape, and more top news Catch up on all of the top news from this week: https://hubs.la/Q02Xqpgb0 #banks #consumerlending #compliance #creditrisk #creditreporting #cfpb #fintech #news #industryupdates #TheScanner

We’re excited to be both a sponsor and an attendee at the upcoming Lending Council Conference in Nashville! Join us as we connect with leaders in the credit union space, where Matt Scarborough and Brian Reiss will represent our team. Also, be sure to catch our sponsored session on centralized lending efficiency—an insightful discussion on streamlining consumer lending processes to strengthen member relationships that will take place on Monday at 2pm. Looking forward to seeing you there! https://lnkd.in/g7AEqFby America's Credit Unions #CreditUnions #LendingConference

THE SCANNER: CFPB Orders VyStar Credit Union to Pay $1.5 Million for Botched Banking System Rollout, Equifax Doesn’t Report Chapter 7 Discharges Suit Says, BofA Discloses Zelle CFPB Probes, and more top news Catch up on all of the top news from this week: https://hubs.la/Q02WwBT00 #banks #consumerlending #compliance #creditrisk #creditreporting #cfpb #fintech #news #industryupdates #TheScanner

THE SCANNER: CFPB Orders Apple and Goldman Sachs to Pay Over $89 Million for Apple Card Dispute Failures and Issues Final Rule on Open Banking, Justice Department Sues Rocket Mortgage and Appraisers for Race Discrimination, MOHELO Penalized for Failing to Process 460,000 Income-Driven Repayment Plan Applications, and more top headlines. Catch up on all of the top news from this week: https://hubs.la/Q02VK8G60 #banks #consumerlending #compliance #creditrisk #creditreporting #cfpb #fintech #news #industryupdates #TheScanner

THE SCANNER: CFPB and Massachusetts Granted $50 Million Summary Judgment Against Key Credit Repair, Citadel FCU Settles 1st Credit Union DOJ Redlining Complaint for $6.5 Million, CFPB and DOJ Take Action Against Fairway for Redlining Black Neighborhoods in Alabama, and more top headlines from this week. Catch up on all of the top news from this week: https://hubs.la/Q02TSb310 #banks #consumerlending #compliance #creditrisk #creditreporting #cfpb #fintech #news #industryupdates #TheScanner

This week, we are excited to share insights from our CEO, Matt Scarborough! In this new blog series, Matt shares his thoughts on key trends related to the CFPB and consumer reporting data, generative AI capabilities, and insights from the Data Quality Scanner Disputes module. We hope that you find this perspective valuable and look forward to sharing similar blogs in the future! https://lnkd.in/e8AjRHtp

THE SCANNER: Largest Verdict of $140 Million Obtained for Consumers under FCRA Class Action, TD Bank Faces $3 Billion in Penalties & Growth Limitation from US Regulators Settlements, CFPB Takes Action Against Wrongful Auto Repossessions and Loan Servicing Breakdowns, and more top headlines from this week. Catch up on all of the top news from this week: https://hubs.la/Q02T0yP-0 #banks #consumerlending #compliance #creditrisk #creditreporting #cfpb #fintech #news #industryupdates #TheScanner

Our team enjoyed participating in Spring Labs’ AI-Native Banking & Fintech Conference in Salt Lake City this past week! It was an action-packed event where we had the opportunity to connect with other industry and regulatory leaders and engage in numerous discussions about the important trends shaping the future of AI in the fintech space. Our CEO, Matt Scarborough, also had the opportunity to announce our latest AI innovation, Agent Assist. This new product (to be released to general availability in 2025) powered by Amazon Web Services (AWS) Bedrock complements our Disputes Module and will provide dispute agents with real-time insights and guidance, plus the ability to ask questions about accounts and receive answers in plain English. Check out our website to learn more - https://lnkd.in/eq38V-Tg Thanks to John Sun, Kevin Lewis, and Joel Eckhause and the rest of the Spring Labs team for putting on such a great event! Also, thank you to the team at AWS for all of their support! Scarlett Cornwallis, Phillip Moussavi, Adrian Coulibaly, Zeek G., Breanne Warner, & Thomas Dantin