Credit Reporting

Equifax to tackle e-commerce fraud with $640M Kount deal

01/08/21

The credit reporting firm has been building out its identity and fraud protection business for existing customers, which include many of the world’s largest banks and telecommunications companies.

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The Unconvincing Case for a Public Credit Registry

12/10/20
Public provision—whether public options or public monopoly—has become all the rage in some progressive circles. I’d like to claim early mover status in this regard—back in 2009 I wrote a piece calling for public provision in payments, and in 2013 I wrote a piece underscoring the importance of public options and public provision in housing finance.
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A Biden win could boost long-stalled efforts to help the unbanked

10/23/20

The Democratic nominee has not gone as far as some progressives in support of financial inclusion, but ideas such as postal banking, a government-run credit reporting system and universal bank accounts would likely gain traction under a Biden administration.

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Bank of America takes on payday lenders

10/08/20

Bank of America plans to offer some of its customers access to short-term loans, the latest blow to the payday lending industry.

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Twitter veteran launches credit score that digs deep into cash flow

10/01/20

Harvest, a fintech founded by Nami Baral, has developed an alternative scoring method that amasses data on spending patterns, debt payments and even earnings potential to get a better sense of consumers' creditworthiness.

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Lenders must learn from pandemic-related credit reporting issues

09/22/20

Credit unions need to improve their processes to ensure the problems that have arisen with credit reporting during the coronavirus don't happen again.

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Industry bristles at Biden proposal for public credit reporting agency

07/21/20

Banking and credit reporting groups say such an agency could politicize the reporting process. Consumer groups say it would offer consumers a necessary alternative.

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4 takeaways from Biden’s embrace of progressive banking policies

07/09/20

The Democrats’ presumptive presidential nominee called for a public credit reporting agency and for the Postal Service to offer financial services, among other proposals issued through a unity task force with Bernie Sanders. But analysts suggest the recommendations are more about electoral politics than pushing for real reforms.

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Coronavirus still a threat to credit scores despite congressional relief

06/01/20

The rescue bill enabled banks to protect loans in forbearance from an immediate hit to a borrower’s credit report, but experts say affected consumers may have trouble getting loans after the pandemic ends.

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Experian launches synthetic identity detection service

05/22/20

When a bank subscriber to Sure Profile pulls a credit report on an applicant for a loan or account, Experian will check to see if the identity data matches a real person.

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