N.Y. Fed Finds that Student Loan Freeze Led to Improvements in 30 Million Consumers’ Credit Scores
N.Y. Fed Finds that Student Loan Freeze Led to Improvements in 30 Million Consumers’ Credit Scores Economists at the Federal Reserve Bank of New York said that the freeze on student loan payments from the pandemic drastically improved credit scores of Americans...
BNPL Lenders Want In On Credit Reports
BNPL Lenders Want In On Credit Reports With Buy Now, Pay Later (BNPL) products continuing to gain in popularity as a payment method for consumers, some in the BNPL industry are now exploring ways to report data about consumers’ repayment of BNPL loans to credit...
CFPB to Crack Down on Financial Firms’ Protection of Consumer Data
CFPB to Crack Down on Financial Firms’ Protection of Consumer Data Last week, the Consumer Financial Protection Bureau (CFPB) published a circular outlining the responsibilities financial firms have to protect consumer data, noting that failure to do so could...
