Fannie Mae — the nation’s leading source of mortgage financing — has also realized the power of rent payment reporting, and it could be a game-changer for first-time homebuyers.
COVID-19 Still Impacting Credit Reporting in 2022
March 29, 2022 By Leave a Comment
The financial effects of COVID-19 linger and new medical & student loan debt “forgiveness” programs are about impact credit reports.
Big Three Bureaus Announce “Buy Now Pay Later” Credit Reporting Plans
March 22, 2022 By Leave a Comment
In December 2021, Equifax — one of the “big three” credit bureaus — announced it was creating a new reporting code for “buy now, pay later” (BNPL) loans, also known as “point of sale” loans. In January 2022, Experian introduced its upcoming “Buy Now, Pay Later Bureau,” which is set […]
Bureau Releases CARES Act Post-Accommodation Guidelines
August 24, 2020 By Leave a Comment
Since the President declared the COVID-19 national emergency on March 13, 2020, Americans have faced unprecedented financial hardships. The Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law on March 27, provided $2 trillion in economic relief. Along with that relief came new guidance for creditors. The purpose […]
Credit Reporting and the CARES Act
April 17, 2020 By Leave a Comment
As our country experiences one of the worst economic downturns in its history, consumers and companies alike are facing unprecedented financial hardships. If you extend credit, chances are you’ve heard from your customers and clients asking what you can do to help them through these difficult times. Creditors are answering […]