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 »FHFA Approves New Credit Scoring Models for GSEs
“Today's decision will benefit borrowers and the Enterprises, along with maintaining safety and soundness," said Sandra L. Thompson, Director of the FHFA.
Read More »By the Numbers: Consumer Default Rates
According to a monthly report from the S&P Dow Jones Indices and Experian, the most popular types of consumer defaults remained steady. Click through to see which metropolitan areas saw the most significant default shifts.
Read More »A Look at First-Lien Mortgage Defaults
Reporting data for August 2022, S&P and Experian found defaults for first-lien mortgages held steady for the second month in a row. Click through to learn the details.
Read More »First Mortgage Default Rate Up Four Basis Points
Credit rating agency Experian, along with the S&P Dow Jones Indices, has released its latest monthly iteration of its Consumer Credit Default Indices Report for July 2022 which aims to represent a “comprehensive” measure of changes in consumer credit default ...
Read More »First Mortgage Default Rate at Highest Level Since September 2020
The default rate for first mortgages is at a recent high. Click here to see the overall credit default rate and how major cities fared last month.
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.”
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