If you drew a Venn diagram of two circles, and used recent comments and announcements from the Consumer Financial Protection Bureau to fill them in, you would have one circle that was labeled “credit reporting agencies” and one circle that was labeled “repeat offenders.” Those are the two targets that …
Read More »CRAs Start to Release Details About Changes to Reporting Process for Medical Debts
The announcement last week from the three major credit reporting agencies — Equifax, Experian, and TransUnion — was long on impact, but short on details. All that was issued was a press release that mentioned that the CRAs were doing, but did not include any details about how furnishers were …
Read More »CFPB Calls Out Credit Bureaus in Report Diving into Consumer Complaints
The three major credit reporting agencies — Equifax, Experian, and TransUnion — are not treating consumers fairly, which is resulting in consumers suffering “serious harms,” according to a report issued yesterday by the Consumer Financial Protection Bureau. The report, along with pointing out how the three major bureaus are failing …
Read More »Lenders to Make More Subprime Loans in 2022, Delinquency Rates Expected to Rise: TransUnion
Creditors and lenders are going to be a little more aggressive in their risk-taking in 2022, according to data provided by TransUnion, thanks to delinquency and charge-off rates that have remained stable through this year. Many lenders tightened their underwriting criteria during the pandemic and are now ready to start …
Read More »TransUnion Accelerates Growth of Identity-Based Solutions with Agreement to Acquire Neustar for $3.1 Billion
CHICAGO, Sept. 13, 2021 — TransUnion has signed a definitive agreement to acquire Neustar, a premier identity resolution company with leading solutions in Marketing, Fraud and Communications, from a private investment group led by Golden Gate Capital and with minority participation by GIC. The acquisition expands TransUnion’s powerful digital identity …
Read More »Fewer People Expect to Miss Debt Payments, But Of Those Who Do, Finding Funds Will be Difficult: TransUnion
While fewer people expect they will be unable to pay at least one current bill or loan in the future, more of those who are not able to do so are not sure how they are going to come up with the money, according to data released recently by TransUnion. …
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