After a lengthy investigation, the Consumer Financial Protection Bureau reports that two of the three major credit reporting agencies have deceived consumers.
Both Equifax and Transunion were dinged for deceit and also for taking advantage of consumers. The agencies were fined over $23 million.
But nothing does China's housing bubble justice quite like a simple chart showing what is going on right now with home prices in Shenzhen, which incidentally also puts the housing bubble in the context of China's recently burst stock market bubble. No comment necessary.
HUD's inspector general couldn't audit billions of dollars worth of the agency's spending because it's financial statements and systems were missing records, were inaccurate, and even broke federal law, according to a report made public Monday.
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