Greater Cleveland is 7th most financially distressed in U.S., CredAbility Index says

While the average U.S. household is emerging from financial distress, a consumer-credit agency study shows the Cleveland-Elyria-Mentor metropolitan area is "lagging behind."

Ohio newspaper: Lack of federal regulation over credit-reporting agency errors hurts consumers

COLUMBUS, Ohio - Americans are virtually powerless to correct damaging mistakes in their credit reports due to loopholes and obstacles in the federal law governing credit-reporting agencies, an Ohio newspaper reported Sunday.

Vigilance as crucial as ever, consumer-credit experts say

Kelly Nichol went shopping on Wednesday, and later that night, she was online making sure that her debit-card transactions at three stores had been properly recorded in her checking account.

Prepaid debit cards scrutinized by regulators

The newly formed Consumer Financial Protection Bureau wants to develop a standard disclosure policy for the cards and are seeking input from consumers. The agency will hold a hearing in Durham Wednesday.

Consumer Agency Looking Into Mandatory Arbitration

The Consumer Financial Protection Bureau is seeking comments on customers' experience with mandatory arbitration in financial contracts.