CFPB’s Alternative Data Request for Information

The CFPB released a Request for Information into ways to expand access to credit for consumers who are credit invisible or who lack enough credit history to obtain a credit score. Traditional credit history includes a borrower’s payment of debts such as mortgages, credit cards, and other loans. It is used by lenders to decide who can get credit and … Read More

CFPB Notice of Public List of Companies Offering Free Credit Score

On October 5, the CFPB released a notice that they intend to publish a list of companies that provide free access to credit scores. Financial institutions, credit card issues, and other companies may offer consumers free access to a credit score giving consumers an important tool to manage their financial lives.  The Office of Financial Education of the CFPB would … Read More