Wednesday, December 14, 2016

CFPB issues brief on consumers without credit histories or credit scores

Barbara S. Mishkin In May 2015, the CFPB issued a report, “Data Point: Credit Invisibles,” that documented the results of a research project undertaken by the CFPB to better understand the demographic characteristics of consumers without traditional credit reports or credit scores.  The report concluded that the current credit reporting system is precluding certain populations from accessing credit... More >...(read more)
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