Millions no Longer Credit Invisible Scoring
In 2019, the Consumer Financial Protection Bureau (CFPB) released a report which summarized the discussion and conclusions from a symposium on the topic of credit accessibility. The event focused on a broad spectrum of ideas and challenges associated with responsibly expanding access credit to those who are underserved. Obviously, credit scores are one of those factors. First off, the numbers: The CFPB noted that based on its prior research, “roughly 20 percent of the adult […]