Equifax (NYSE: EFX) has introduced its innovative Employment Insights solutions tailored specifically for auto dealers. Announced recently, these tools integrate authenticated employment and earnings information from The Work Number database with the company’s standard consumer credit reports.This combination provides lenders with a more comprehensive view of borrowers’ financial stability, helping to expedite the loan approval process while minimizing risks associated with inaccurate self-disclosed details ...

Core Insights - Equifax has launched a new predictive model called Credit Abuse Risk to help lenders combat the rising financial impact of first-party fraud [1] - The model identifies atypical patterns indicative of loan stacking and credit washing, allowing lenders to make informed lending decisions [1] Product Features - Actionable intelligence enables real-time, FCRA-compliant decisions on credit terms, including adverse action reason codes [1] - Comprehensive portfolio protection offers insights across all credit tiers, enhancing risk assessment [1] - Targeted decisioning addresses the lifecycle of fraud without compromising consumer protections [1] - Enhanced insights focus on behavioral indicators to reveal atypical credit activity [1] Strategic Importance - Credit Abuse Risk is part of Equifax's layered fraud defense strategy, complementing existing tools like Synthetic Identity Risk to provide a holistic view of identity legitimacy [1] - The model supports a more confident lending environment, helping to maintain credit availability for consumers [1]

个人信用经济应重点惠及四类人群，即信用困境人群、灵活就业群体、小微经营者和"向善"人群。 从18岁后生成第一份信用报告，持续覆盖求职、租房、信贷、购车、购房保险等关键节点，信用服务嵌入个人发展轨迹，陪伴个人成长，并演进为人生有价 值的信用资产。 1月29日，浙江省信用中心、浙江大学经济学院、钱塘征信有限公司联合发布《个人信用经济发展报告》（下称《报告》）。《报告》对个人信用经济的界 定首次破题：个人信用经济是一种"以个人信用数据为核心生产要素，以个人为权益主体，依托全周期信用服务产品与运营两个体系，通过合规数据流通及 多元场景落地，主要为个人、金融机构及经营主体这三类主体提供信用服务"的新兴经济形态。在这个过程中，通过个人信用数据资产化构建"信用即资 产"的价值体系。 对此，《报告》提出构建全周期个人信用管理服务"双闭环"的新思路：一是"产品闭环"，覆盖构建信用服务全周期，包含信用守护、修复、激励、教育与约 束等多方面；二是"服务闭环"，信用服务将贯穿人生全周期，让"信用陪伴成长"，这一模式同样适用于广大的小微企业和个体工商户，这类经营主体的经营 风险往往与企业主个人信用高度绑定，通过构建个人信用账户，增强实 ...

Key Benefits of Rental Reporting: For tenants: Recognizes monthly rental payments to support credit-building efforts.For housing providers: Supports proactive rent management and fosters stronger rental relationships. TORONTO and VANCOUVER, British Columbia, Jan. 28, 2026 (GLOBE NEWSWIRE) -- TransUnion and FrontLobby are joining forces to incorporate rental payment data from FrontLobby into TransUnion’s alternative data reporting system. This integration enables renters to have their consistent, on-time ren ...

Approximately five million Canadian households rent their homes1; rental payments on credit reports could help millions showcase responsible payment behaviour, marking a major step forward in financial inclusion TORONTO and CALGARY, Alberta, Jan. 28, 2026 (GLOBE NEWSWIRE) -- TransUnion and Zenbase today announced a partnership to expand the availability of rental payment information within the credit reporting ecosystem, giving renters a new way to strengthen their TransUnion credit reports and broaden acce ...

Equifax now offers lenders verified employment and income data along with credit reports.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.This new offering, Income Confirm, integrates data from the company’s The Wor ...

Imagine the case of Bryce, who agreed to let his mother open a credit card in his name. It didn’t feel risky at the time. She needed help rebuilding her credit after a divorce, and he trusted her. The plan was simple: she’d use the card sparingly, pay it off each month and close it once she got back on her feet. Fast-forward a few years and that card now carries a $40,000 balance, and his mom is struggling to keep up with payments. Must Read Even though Bryce didn’t spend the money, his name is on the ...

Equifax has launched a product that uses artificial intelligence (AI) to detect and help prevent synthetic identity fraud.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.Synthetic identity fraud, in which fraudster ...

TransUnion report highlights new fraud trends in the gig economyCHICAGO, Jan. 15, 2026 (GLOBE NEWSWIRE) -- Consumers on the lower end of the K-shaped economy are struggling under financial pressures. In response, gig workers are boosting their incomes by renting or outright selling access to their accounts, allowing unverified users to perform work in their names. Gig work includes ride sharing, delivery, digital freelancing, caregiving and other services. These findings are part of TransUnion’s (NYSE: TRU) ...

Core Insights - Experian's analysis reveals that Credit Builders Alliance (CBA) tradelines significantly aid credit-challenged consumers in improving their financial status and accessing mainstream credit products [1][2]. Group 1: Impact of CBA Tradelines - 70% of previously unscored borrowers with a CBA tradeline achieved prime or near-prime credit status within one year, compared to 48% of unscored U.S. borrowers [2]. - Consumers starting from deep subprime credit tiers who had a CBA tradeline experienced an average credit score increase of 48 points within a year [2]. Group 2: Profile of CBA Clients - Clients served by CBA member organizations have a lower average VantageScore of 658 compared to 724 for the general U.S. population, higher credit utilization rates of 75% versus 67%, and greater debt-to-income ratios of 33% compared to 19% [4]. - This demographic represents a more financially vulnerable population, highlighting the need for targeted financial support [4]. Group 3: Role of Nonprofit Lenders - Nonprofit and mission-driven lenders, including community development financial institutions (CDFIs), are instrumental in helping consumers overcome systemic barriers through responsible lending, financial coaching, and education [5]. - These programs enable consumers to build savings and gain access to mainstream credit products, thereby unlocking financial opportunities [5]. Group 4: Commitment to Inclusive Credit Reporting - The analysis underscores the importance of inclusive credit reporting and the positive impact organizations like CBA have on improving the financial lives of underserved consumers [6]. - Experian is dedicated to expanding access to credit for historically excluded populations, reinforcing its commitment to financial empowerment [6].