In a letter to TransUnion, Experian, and Equifax, a coalition of Senators led by Sharrod Brown are urging the big three credit agencies to ensure servicemembers receive free credit monitoring services and free access to credit reports.
Read More »CFPB Issues Latest Insights Report
According to the Consumer Financial Protection Bureau, a new analysis of nearly half a million complaints reveals ongoing challenges, as TransUnion, Experian, and Equifax top the list of complaints.
Read More »Report: Consumer Credit Health Stable
Despite a higher interest rate environment and the ever-present inflation, consumer credit health remains stable.
Read More »Accountability for Equifax
Chairwoman of the House Financial Services Committee, Congresswoman Maxine Waters (D-CA), has vowed to hold credit bureau Equifax accountable for repeated slights against American Consumers in an open letter published Aug. 10. The letter follows recent news that Equifax sent ...
Read More »Alternative Credit Scoring Models Matter
Competition ensures a healthy and productive market. Credit scores are no exception. A new study commissioned by VantageScore Solutions, a consortium of the three credit bureaus (Equifax, Experian, and TransUnion), found that institutional investors with exposure to asset-backed securities (ABS) ...
Read More »CFPB Report Examines Consumer Complaints & Credit Bureaus
CFPB Director Rohit Chopra said, “Today’s report is further evidence of the serious harms stemming from [credit bureaus'] faulty financial surveillance business model.”
Read More »Cloud-Based Solutions Lead the Way
Jennifer Henry of Equifax explains how cloud computing allows the mortgage ecosystem to exist in a more holistic and less segmented environment, providing a seamless digital experience.
Read More »CFPB Announces $700M Settlement
The settlement, announced along the Federal Trade Commission, 48 states, the District of Columbia, and Puerto Rico, stems from "unfair and deceptive practices" from a 2017 data breach.
Read More »Equifax and FICO Partnership: Industry Impact
Earlier this year, Equifax and FICO announced a partnership, pooling their collective consumer financial data. Here's how that partnership may affect banks, lenders, and lending practices.
Read More »The Industry Pulse: Updates on Equifax, Tromberg Law Group, and More
Click through to learn more about joint ventures, crucial hires, industry awards and more in this weekly update.
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