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...Share moves to note on the New York Stock Exchange include DNA testing company 23andMe, homebuilder DR Horton and credit reporting agency Equifax: 23andMe: Shares surged 23 per cent in early trading on...
...The creation of a public credit reporting agency was mooted in Joe Biden’s 2020 campaign, supposedly to help low-income groups access loans....
...The Financial Conduct Authority has fined credit reporting agency Equifax just over £11mn for failing to protect the data of nearly 14mn UK customers caught up in one of the largest ever cyber security breaches...
...One effect was to drive up the median consumer credit score by 20 per cent to a peak of 676 in the first quarter of 2021, according to a report by TransUnion, a credit reporting agency....
...to data from Equifax....
...Consumer credit groups Equifax and TransUnion, both “thermometers of consumer health” posted earnings below expectations and were punished as a result, Souccar added....
...If you’ve ever checked your credit score online, you’ll know that most of the credit reference agencies, Experian, Equifax and TransUnion, give you a score ranging from 0 to 999, depending on how good your...
...The FCA said the credit information market, which was worth about £800mn in 2020, was “highly concentrated” around three companies: Equifax, Experian and TransUnion....
...Without a score from one of the big three nationwide credit bureaus (Experian, Equifax and TransUnion), people often either can’t get consumer, mortgage or business loans, or pay over the odds because lenders...
...Versions of the algorithm are used by credit bureaux such as Equifax, Experian and TransUnion to generate the credit scores they provide to banks and credit card companies....
...Starting in June, Klarna will report information to Experian and TransUnion on timely and late payments as well as unpaid purchases....
...In May, Klarna announced it would start providing information on buy now, pay later transactions to credit agencies Experian and TransUnion in the UK....
...Those are all out before Wall Street’s opening bell, while toy manufacturer Mattel and consumer credit reporting agency Equifax are among those reporting this afternoon....
...It is also one of the few BNPL providers that shares data with credit scoring agencies like TransUnion and Experian....
...Given the commercial opportunity, credit bureaus like Equifax, Experian, and TransUnion — alongside lenders and Fico itself — have been pursuing alternative credit data and analytics for some time....
...But under the new system of “tailored support”, their non-payments would be visible on the records of credit agencies such as Experian, Equifax and TransUnion, which together hold data on about 50m adults...
...In October, the ICO completed an investigation into data broking activities by the credit agencies Equifax, Experian and TransUnion....
...The shares trade on a multiple of 29 times consensus earnings forecasts for 2020, an expensive valuation compared with its two main US competitors TransUnion and Equifax....
...In the past three years the company’s forward price to earnings multiple soared to over 30 times, far above its previous long term average of half that, and more than rivals Equifax and TransUnion....
...Klarna says its UK default rate is less than 1 per cent, lower than the average for credit cards. James Jones, head of consumer affairs at Experian, the credit reference agency, takes a nuanced view....
...S4 Capital, Martin Sorrell’s digital advertising start-up, announced a deal to buy the assets of Datalicious, a data analytics business owned by credit checking agency Equifax. No terms were given....
...This compares with total credit card loans in forbearance or delinquency at over 5 per cent as of June, and mortgages at over 7 per cent, according to the credit agency TransUnion....
...The charges also give Equifax, a big US-based credit checking agency, some belated cover for the hack. Quoted businesses are expected to battle one another by legitimate means....
...That is about average for credit checkers Experian, TransUnion and Equifax. Anyway, Intuit can afford to be generous....
...Federal officials on Monday portrayed the 2017 attack on the consumer credit agency as just one part of an continuing effort by China to steal US data and intellectual property....
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