US: Consumer Reports is not a consumer advocacy organization

Consumers Financial Services Association, the largest consumer finance advocacy group, says the group has been misrepresented in its consumer reporting reports, and has made unsubstantiated claims about the integrity of its research.The American Consumer Policy Association, a watchdog group, issued a report in April that said consumer reports are not intended to be objective and …

Consumer debt data: What you need to know about consumer debt analysis

Consumers with credit cards or mortgages should get familiar with the Consumer Financial Protection Bureau’s consumer debt data collection program.The bureau’s consumer data collection efforts are aimed at collecting information about credit and loan debt, credit card payments, and consumer credit scores, and help consumers navigate credit reporting agencies and lenders.But consumers are also being …