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CFPB Explores Alternative Routes for ‘Credit Invisibles

February 22, 2017 5:39 pm

Twenty-six million Americans are “credit invisible,” or lacking enough credit history to generate a credit score—a factor most lenders use to evaluate loan applications. The Consumer Financial Protection Bureau (CFPB) has begun exploring alternative routes to determine creditworthiness, including cell phone bill and rent payment history, seeking feedback from the public on these and other […]

The post CFPB Explores Alternative Routes for ‘Credit Invisibles’ appeared first on RISMedia.

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