Mortgage lenders facing persistent origination expenses are getting new ways to purchase credit data and scores. Equifax, Experian and TransUnion have each announced products or pricing terms intended to reduce the cost of evaluating borrowers before a loan moves to...
Equifax introduced Mortgage Score Select on October 8, offering mortgage lenders and brokers a way to obtain its credit file with a chosen score—or no score—and retrieve the file again within 24 hours for a $1 repull charge. The $1 figure applies to the subsequent...
The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against the consumer reporting agency Experian, alleging that if failed to properly investigate consumer disputes. Experian, based in Costa Mesa, California, is one of the nation’s three largest...
The Consumer Financial Protection Bureau (CFPB) finalized a rule that will remove medical bills from the credit reports. The CFPB’s new rule amends Regulation V, which implements the Fair Credit Reporting Act (FCRA), to stop from including medical bills on credit...
Republican lawmakers in the House of Representatives have raised concern over a proposed rule by the Consumer Financial Protection Bureau (CFPB) that would remove medical bills from consumer credit reports. In a letter to CFPB Director Rohit Chopra, the lawmakers led...
Opendoor Purchases Four Times as Many Homes as Revenue Rises, but Turnaroun…
