Tag Archives: Consumer Data Industry Association

Fannie, Freddie regulator vows to protect consumers from rising credit report fees

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FHFA Director Bill Pulte’s tweet dented Equifax, Experian and TransUnion shares as the MBA renewed calls to do away with tri-merge reporting. Continue reading →

Cotality and Ascend licensed to generate FICO scores for lenders

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Fair Isaac’s Mortgage Direct License Program is aimed at eliminating mark-ups charged by credit reporting agencies Equifax, Experian and TransUnion — backers of competing VantageScore. Continue reading →

Credit bureaus slam plan to cut them out of FICO score pricing

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Lending industry groups and FHFA director Bill Pulte welcomed Fair Isaac’s new direct license pricing as a useful first step, but said more reforms and competition are needed. Continue reading →

Mortgage bankers take a stand against tri-merge credit reporting

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Consumer group say FHFA’s plan to pit VantageScore 4.0 against older FICO Classic score will make “anti-competitive natures of the credit scoring market even worse.” Continue reading →

Mortgage trigger leads will be less crazy, but they ain’t going away

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Loopholes in new law mean credit bureaus will still be able to sell applicants’ information to their current lender, servicer or bank — a boon for lenders who also service their own loans. Continue reading →