consumer credit

Equifax Buys DataX To Close Credit Reporting Gap
Equifax Buys DataX To Close Credit Reporting Gap
July 17, 2018  |  Partnerships / Acquisitions

Equifax announced that it has acquired DataX, a leading specialty finance credit reporting agency and alternative data provider to lenders nationwide. As part of the...

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Consumer Debt Increases In May
Consumer Debt Increases In May
July 10, 2018  |  Consumer Finance

New data shows that U.S. consumer debt rose in May by the most in six months, showing that Americans were more comfortable with spending midway...

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Moody’s: Underwriting Standards Loosen, A Bit, In Q1
Moody’s: Underwriting Standards Loosen, A Bit, In Q1
May 09, 2018  |  Consumer Finance

It got a little easier to get credit in the first quarter, said Moody’s on May 8, but auto loans bear watching. The findings, contained...

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Changing The Direction Of Debt Collection
Changing The Direction Of Debt Collection
March 27, 2018  |  Alternative Finances

Debt collectors are historically an unpopular group of people. Even the Bible has shade to throw their way. (Debt collectors, Biblically speaking, share a category...

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Credit Reporting Firms To Omit Tax Liens From Consumer Reports
Credit Reporting Firms To Omit Tax Liens From Consumer Reports
March 23, 2018  |  Loans

In a move that could make more than 5 million consumers very happy (and potential lenders very nervous), TransUnion, Equifax and Experian have announced they...

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Consumer Credit Hit Record $27.95B In November
Consumer Credit Hit Record $27.95B In November
January 09, 2018  |  Consumer Finance

New data from the Federal Reserve shows that outstanding consumer credit rose by $27.95 billion in November from the previous month, the largest increase in...

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CFPB Releases Its Consumer Credit Report Card
CFPB Releases Its Consumer Credit Report Card
December 28, 2017  |  CFPB

December 2017 is something of an anniversary for Americans – though one they probably don’t like to celebrate. Exactly one decade ago, the Great Recession officially...

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NY Fed Sees Increase In Access To Consumer Credit
NY Fed Sees Increase In Access To Consumer Credit
November 21, 2017  |  Loans

The Federal Reserve Bank of New York painted a more optimistic picture of U.S. households, saying access to credit has improved at the same time...

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PayPal Restructures PayPal Credit, Sells Receivables To Synchrony Financial
PayPal Restructures PayPal Credit, Sells Receivables To Synchrony Financial
November 17, 2017  |  Partnerships / Acquisitions

PayPal announced Thursday (Nov. 16) that it is selling $6.8 billion in receivables to Synchrony Financial. In a press release, PayPal said it’s selling $6.8...

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