MBA says tri-merge credit checks cost lenders up to $100 per loan, doubling since pre-COVID, as industry pushes for a cheaper, single-report model The Mortgage Bankers Association (MBA) is renewing ...

NCRA President discusses potentially harmful impact on younger borrowers and consumers of color. Better Qualified CEO Paul Oster encourages the need for more competition, claiming the credit bureaus ...

The financial world rarely changes overnight. Yet there are moments when a single regulatory shift forces bankers, investors, and accountants to rethink the foundations of their work. When IFRS 9 came ...

With buy now/pay later carving out its place as a lasting consumer credit product, nonbank lenders have been looking for ways to improve credit decisions. Processing Content Affirm has taken the first ...

Affirm and FICO took the first steps to incorporating short-term buy now/pay later loans into borrowers' credit scores earlier this year, but it will take time before lenders start incorporating them ...

Credit reporting issues have consistently ranked among the top consumer complaints tracked by the Federal Trade Commission’s Consumer Sentinel Network. According to the FTC’s 2024 data book, reports ...

The credit score that matters the most is the score that your potential lender is using to determine your creditworthiness.