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Ahead of testimony by the CEOs of the major bureaus, House Financial Services Committee leaders proposed sweeping changes for the credit reporting industry and credit-score protections for furloughed government workers.
February 25 -
Consecutive-month default rates for home loans are increasing, and they could remain higher the next few months, according to a recent report.
January 15 -
The Federal Housing Finance Agency has proposed barring Fannie Mae and Freddie Mac from using credit scores developed by VantageScore over concern about conflicts of interest with the joint venture of Equifax, Experian and TransUnion.
December 13 -
Nov. 07--Alabama just misses out on the top ten among states with the nation's lowest total mortgage debt.
November 9 -
A new credit score that includes consumers' cash flow alongside their credit score is winning praise for its potential to help expand access to credit, but some worry it gives the credit bureaus even more data that could be compromised.
October 23 -
In a move designed to improve access to financial products for consumers with low credit scores and short credit histories, Experian, FICO and Finicity are developing an "UltraFICO" score that lets individuals share checking and savings account data and help lenders better assess risk.
October 22 -
Senators at a hearing Thursday discussed a bill establishing an online portal for consumers to monitor their credit reports free of cost.
July 12 -
As mortgage lenders continue seeking ways get more trustworthy consumers into the housing market, a majority of them are utilizing alternative credit as a means of assessing borrower risk, according to Experian.
May 25 -
Supporters say pending legislation would help consumers with little or no credit history. But the bill would instead roll back key consumer protections.
May 17Pennsylvania Utility Law Project -
Some speculate that the banks who do business with credit reporting agencies may be looking for alternatives after mounting concerns about their ability to keep information private. But breaking up is hard to do.
April 4