Credit

Caught in the middle of a credit-subsidy debate, the program would have shut down on Tuesday without congressional action.

The House Financial Services Committee passed a bill that would exclude adverse credit information for consumers impacted by a government shutdown.

The popular program could go idle next month for the second time in less than a year if lawmakers are unable to approve a $99 million credit subsidy.

Borrowers recovering from foreclosure might not be in as much hot water as perceived, with many maintaining healthy credit scores within a year, according to LendingTree.

A year after the major credit bureaus agreed to strip tax liens and civil judgments from consumers' credit files, a new study says it is hampering lenders' credit decisions. But proponents of the move insist it was the right call.

Kristy Kim was an immigrant success story with a degree from Berkeley and a lucrative job — except her lack of credit history precluded her from getting a car loan. She started TomoCredit to help the many young folks who struggle to qualify for a credit card.

Millennial mortgage debt is on pace to reach levels higher than any other generation, according to Experian.

Refinances jumped in July in response to a considerable mortgage rate decline from the month prior as homeowners set to lock in lower costs, according to Ellie Mae.

Mortgage debt hit an all-time high, but the share of homeowners with financing has fallen to a low not seen in 13 years, according to the Urban Institute.

Mortgage activity fell at the start of the year, but lower mortgage rates are boosting refinance volume, and Generation Z is starting to creep into the housing market, according to TransUnion.