Re: Experian roles out new credit score[ Edited ]
06-28-2012 01:51 AM - edited 06-28-2012 01:52 AM
IMHO if I was a CRA I would not invest any money in this since their potential list of customers could be affected by state and local regulations.
Would you please clarify that? Experian is a CRA, and their list of customers are banks... what state regulations govern the underwriting policies of banks with regards to which scores they pull / databases they can check?
A payday lender would have to pay to pull your credit from a CRA or a third party who provides access to a CRA. If I ban payday lenders then the customer base goes down unless a bank or cellphone/cable company wants to work thaat that customer base.