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How to Use Alternative Data to Build Your Credit Report

Titan Consulting

Rent Bureau , now owned by the credit bureau Experian, electronically compiles rental data from property management companies and individual landlords. Rental agencies and alternative credit providers use the data to screen applicants and establish consumer credit scores.

Lender 98
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Experian Credit Score vs. FICO Score

Credit Corp

Lenders use a multitude of scoring methods to determine your creditworthiness and make decisions about whether or not to give you credit. It gathers credit reports from the three major credit bureaus and analyzes anonymous consumer data to generate a scoring model specific to each bureau.

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Consumer Financial Protection Bureau’s Taskforce on Federal Consumer Financial Law Releases Its Report

Collection Industry News

The Taskforce Report uses five interrelated principles that serve as the foundation for proposed systematic changes to the current legal and regulatory framework: consumer protection, information and education, competition and innovation, regulatory modernization and flexibility, and inclusion and access.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

Among other things, Moody underscored the (1) Senior Protection Team – an intra-agency group of experts who work together to fight fraud and assist seniors; (2) Seniors vs. Crime Program – a program that uses volunteer retired citizens to educate Floridians on consumer fraud and to assist in select consumer investigations; and (3) Scams at Glance Program (..)

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CFPB Consent Orders with Consumer Reporting Agencies Focus on Marketing Practices not Credit Reporting

Consumer Financial Services Law

Instead, the orders are focused on the CRAs’ marketing of credit related reporting services. According to the Consent Orders, the CRAs marketed and sold consumers credit scores and credit related products. Clear and Conspicuous Disclosure.

Lender 40
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Does Debt Relief Hurt Your Credit?

Credit Corp

Credit.com’s free credit report card tool can help you better understand your current creditworthiness and which factors you need to work on to help you improve your standing. Counselors may offer free or low-cost consultations and educational materials.

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White House Signals Strong Consumer Protections in Medical Debt

Troutman Sanders

The Federal Housing Finance Agency (FHFA) is reviewing the credit models that Fannie Mae and Freddie Mac use and looking at ways to ensure that measures of creditworthiness are accurate, reliable, and predictive. The CFPB has been vocal about medical debt and consumerscredit reports recently too.