All articles tagged with #equifax
Bill Pulte, head of the FHFA, urges Fannie Mae and Freddie Mac to approve VantageScore, a move that threatens FICO’s dominance and could usher in a new credit-score model. The push coincides with criticisms that the major credit bureaus (Equifax, Experian, TransUnion) are overcharging consumers, prompting stock declines in FICO and the bureaus as markets weigh potential shifts in how creditworthiness is measured.
Bill Pulte, head of the FHFA, sparked a stock drop in FICO’s parent and the major credit bureaus after social-media posts alleging overcharging Americans, with Barron’s noting potential regulatory shifts to credit scoring and policymakers weighing stronger solutions.
The Oregon Department of Transportation reported a major data breach that compromised the personal information of 3.5 million Oregon residents' private DMV records. Although the state department can't identify whether a specific person's information has been accessed by hackers, individuals can check their credit report for any unfamiliar transactions or accounts. Federal law grants people the right to receive a free copy of their credit report every 12 months from consumer reporting companies Equifax, Experian, and TransUnion. Individuals can also ask one of the consumer reporting companies to freeze their credit files on their website or over the phone.