credit reporting

Cash Flow-Based Underwriting Adds Real-Time Context to FICO Score
Cash Flow-Based Underwriting Adds Real-Time Context to FICO Score
May 24, 2024  |  Loans

The FICO score — what we might think of as the general “shorthand” for lending — was created back in 1989. In the decades since,...

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CFPB Targeting ‘Lack of Competition’ in Credit Reporting, Credit Scores
CFPB Targeting ‘Lack of Competition’ in Credit Reporting, Credit Scores
May 20, 2024  |  Consumer Finance

The Consumer Financial Protection Bureau (CFPB) is looking to improve “competition, choice and affordability” in credit reporting costs and other mortgage closing costs. In prepared remarks for a speech at a Mortgage...

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TransUnion Faces Allegations of Violations of Fair Credit Reporting Act
TransUnion Faces Allegations of Violations of Fair Credit Reporting Act
October 12, 2023  |  CFPB

The Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) have taken enforcement actions against consumer reporting company TransUnion, alleging multiple violations of the Fair Credit Reporting Act....

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CFPB Guidance: Consumer Reporting Agencies Must Eliminate ‘Junk Data’ 
CFPB Guidance: Consumer Reporting Agencies Must Eliminate ‘Junk Data’ 
October 20, 2022  |  CFPB

When a credit report says that a child has a mortgage or that someone incurred a debt years before they were born, that’s obviously false...

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Netflix Payments Added To Experian Boost
Netflix Payments Added To Experian Boost
July 27, 2020  |  Consumer Finance

Netflix customers can now see their on-time Netflix payments reflected on Experian, the Dublin-based multinational consumer credit reporting company, CNBC reported. Starting Monday (July 27)...

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Equifax Partners With CreditLadder On Rent Data Inclusion
Equifax Partners With CreditLadder On Rent Data Inclusion
March 05, 2020  |  Partnerships / Acquisitions

Credit reporting agency Equifax is partnering with U.K. rent reporting platform CreditLadder in a move to include rental payment data in Equifax credit assessments, IBS...

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Will New CFPB Rules Finally Be Able To Put Zombie Debt To Rest?
Will New CFPB Rules Finally Be Able To Put Zombie Debt To Rest?
March 03, 2020  |  Debt

The phenomenon of zombie debt is not new to the U.S. economy — nor are consumer complaints about collection agencies that use aggressive tactics in...

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Equifax Takes $690M Q1 Charge For Data Breach
Equifax Takes $690M Q1 Charge For Data Breach
May 10, 2019  |  Earnings

Equifax reported a 2 percent year-over-year revenue decline for the first quarter of 2019. It also announced the further costs it will be paying as...

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On Capitol Hill, Credit Bureau CEOs Say Reporting Changes Are In the Air
On Capitol Hill, Credit Bureau CEOs Say Reporting Changes Are In the Air
February 27, 2019  |  Consumer Finance

Lawmakers grilled the heads of Equifax, Experian and TransUnion, calling the credit reporting a “broken” system — and new legislation introduced this week has some...

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