Transunion

Dems' bid to pause negative credit reporting gets pushback from industry

03/23/20

Congressional Democrats want forceful action to prevent damage to millions of Americans' credit scores during the COVID-19 pandemic. But the credit bureaus argue that the tools needed to protect consumers are already in place.

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Credit reporting bill passes House but faces long odds in Senate

01/30/20

No Republicans voted for the package of bills intended to overhaul the credit reporting system, casting doubt on its chances in the GOP-controlled Senate.

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Consumer credit will remain strong in 2020: TransUnion

12/12/19

Casting aside recession fears, the credit bureau predicts credit cards, mortgages, auto loans and unsecured personal loans should all perform well — including those extended by online lenders.

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'May the odds be ever in your favor': Comments of the week

10/24/19

Readers react to Regions Financial's plan to replace it core deposit system, a House bill meant to curb jobs moved overseas, a resurgence of consumer complaints against the credit bureaus and more.

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‘Absolute scam’: Complaints about credit monitoring plans flood CFPB

10/20/19

Regulators have long warned the credit bureaus about deceptive marketing that causes consumers to sign up unwittingly for paid monitoring services. But the practice has persisted, according to complaint data.

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Has removing tax lien data from credit records led to more bad loans?

09/03/19

A year after the major credit bureaus agreed to strip tax liens and civil judgments from consumers' credit files, a new study says it is hampering lenders' credit decisions. But proponents of the move insist it was the right call.

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Backlash against rule tying immigration cases to credit history

08/21/19

The Trump administration’s “public charge” rule would add credit reports to factors that could be used to deny legal residency, but critics say credit scoring was never intended for that purpose.

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Financial Services Committee passes bills to reform credit reporting

07/12/19

Legislation backed by Democrats to reform the credit bureaus and allow consumers greater access to their information advanced without any Republican support.

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Small-dollar lending fintech attracts Prudential backing

06/25/19

Aura is one of the few fintechs in the nation to have a Community Development Financial Institution designation from the U.S. Department of the Treasury.

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Once dismissive of fintechs, traditional lenders now feeling their bite

05/23/19

Online lenders now have close to 40% of the unsecured personal loan market, much of which is refinanced credit card debt. Banks' card portfolios are taking a hit.

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