Credit Reports news and trends

Nuvo Adds Equifax Credit Reports to Trade Credit Management Platform
B2B Payments // April 25, 2024

Nuvo has added business credit reports and business principal credit reports from Equifax to its trade credit management platform for B2B sellers. This addition will streamline customer onboarding, underwriting and credit approval processes for businesses that extend trade credit, the companies said in a Wednesday...

CFPB Wants to Wipe Medical Bills From Credit Reports
Healthcare Financing // September 21, 2023

The Consumer Financial Protection Bureau (CFPB) has begun a rulemaking process aimed at removing medical bills from Americans’ credit reports. This move is intended to provide financial relief to families dealing with medical crises, prevent debt collectors from pressuring individuals into paying potentially inaccurate bills, and ensure...

CFPB Reaches $2.7 Billion Settlement With Credit Repair Firms
CFPB // August 28, 2023

America’s biggest credit repair companies could be forced to give up telemarketing. That’s according to the Consumer Financial Protection Bureau (CFPB), which announced Monday (Aug. 28) that it had reached a proposed $2.7 billion settlement against credit repair brands such as Lexington Law and CreditRepair.com.  The settlement follows a court ruling that...

Amex, Nova Offer Global Transfer Of US Credit Reports
International // October 25, 2019

American Express has partnered with Nova Credit, a credit reporting startup that operates across borders, to give expatriates and immigrants the ability to share their previous credit scores with American Express when applying for a credit card. Currently, people from Canada, Australia, Mexico, India and...

Interviews & Exclusives
FICO’s New Groove

March 14, 2017
About half of all Americans who took the SAT still remember their score 25 years later. Only about 40 percent of Americans, on the other hand, have any idea what their credit score is. SAT scores are important — very important, since they play a big role in deciding what college one will get into — but […]

Quick Reads
CFPB Issues Proposed Rule Banning Medical Bills From Credit Reports

June 11, 2024
The Consumer Financial Protection Bureau (CFPB) has issued a proposed rule that would ban medical bills from credit reports. The proposed rule would stop credit reporting companies from sharing medical debts with lenders and would prohibit lenders from using medical information to make lending decisions, the agency said in a Tuesday (June 11) press release. “Medical bills on […]

Nuvo Adds Equifax Credit Reports to Trade Credit Management Platform

April 25, 2024
Nuvo has added business credit reports and business principal credit reports from Equifax to its trade credit management platform for B2B sellers. This addition will streamline customer onboarding, underwriting and...

CFPB Reaches $2.7 Billion Settlement With Credit Repair Firms

August 28, 2023
America’s biggest credit repair companies could be forced to give up telemarketing. That’s according to the Consumer Financial Protection Bureau (CFPB), which announced Monday (Aug. 28) that it had reached a proposed $2.7 billion...

Amex, Nova Offer Global Transfer Of US Credit Reports

October 25, 2019
American Express has partnered with Nova Credit, a credit reporting startup that operates across borders, to give expatriates and immigrants the ability to share their previous credit scores with American...