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Consumer Credit Information

Australia Comprehensive Credit Reporting: Government Data Sharing Push a Boon for Borrowers

The Australian government’s decision to fast track data sharing recommendations outlined in a report from the productivity commission will likely benefit Australians with a history of making their credit repayments on time, according to credit bureau Experian. The company expects borrowers with “a strong track record of making timely credit repayments” will be better recognised and rewarded from next year ... Read More »

Scoring Service Will Be Critical to Winning Share of China’s $5tn Mobile Payments Market

Tencent is developing a credit scoring system as it ramps up its battle with rival Alibaba for a share of China’s $5.5tn mobile payments market.  Tencent now aims to launch a similar service, which likewise accounts for users’ social and financial histories to assess their credit risk. Credit scoring is popular in China, especially among younger subscribers who lack a ... Read More »

CoreLogic Credco and Equifax in Partnership

—New product from CoreLogic Credco and Equifax helps convert automotive dealer website traffic into identity-verified leads, with no impact to consumer credit scores— CoreLogic® (NYSE: CLGX), announced the launch of BuyerConnect, a product powered by Equifax Inc. and delivered by CoreLogic Credco that can be posted on an automotive dealer’s website to help convert anonymous web traffic into qualified leads. BuyerConnect allows ... Read More »

TransUnion Announces Appointment of Todd Cello as CFO

TransUnion announced the appointment of Todd Cello as CFO. “Todd has been with TransUnion for almost 20 years and has been the CFO of our USIS and International segments, as well as VP, Strategic and Financial Planning through our changes in ownership. Todd has distinguished himself as a strong, thoughtful leader with highly valuable operating and corporate experience. Through our ... Read More »

TransUnion Reports Q2 2017 Revenue Up 12%

Total revenue was $475 million, an increase of 12 percent (11 percent on a constant currency basis) compared with the second quarter of 2016. Acquisitions accounted for a 1 percent increase in revenue. Net income attributable to TransUnion was $65 million compared with $17 million in the second quarter of 2016. Diluted earnings per share was $0.34 compared with $0.09 ... Read More »

Callcredit Marks Coming of Age with Record Results and new Brand Identity

Callcredit Information Group reported record results, at the same time launching a new identity designed to position the business for continued growth both in the UK and internationally. The Group recorded an 18% increase in gross revenue to £201 million (2015: £170 million). Over the same period, group operating profits outpaced revenues, growing by over 20%. The results confirm Callcredit ... Read More »

IFC (World Bank Group) Helps Increase Access to Credit in the Kyrgyz Republic

IFC (World Bank Group) Helps Increase Access to Credit in the Kyrgyz Republic The IFC (World Bank Group) is helping the Kyrgyz Republic undertake a series of reforms to strengthen the country’s financial infrastructure and boost access to finance for borrowers, including small and medium enterprises. Since 2009, IFC’s advisory services team, part of the World Bank Group’s Finance and ... Read More »

Bertelsmann Q1 2917 Revenue Growh Flat – Group Profit Up by 7 Percent to Nearly €200m in Q1 2017

Revenues stable at €3.94bn as fiscal year gets underway Marked increase in digital revenues Operating EBITDA remains high at €482m despite start-up losses for new businesses and customers Group profit increases to €198m Strategic advances across all divisions Bertelsmann began the 2017 financial year with a higher Group profit. The international media, services and education company’s revenues remained stable at ... Read More »

Experian Q1 (ending June 30th, 2017) Revenue Up 6%

In the three months ended 30 June 2017, total revenue growth from ongoing activities was 6% at constant exchange rates and organic revenue growth was 4%. At actual exchange rates, total revenue growth from ongoing activities was 5%. Commenting on the performance, Brian Cassin, Chief Executive Officer, said: “We have started the year in line with our expectations, with total ... Read More »

Financial Inclusion at its Best: Nova Credit Launching from Y Combinator to Give Immigrants Access to U.S. Credit

Meet the World’s First Cross-border Consumer Credit Reporting Agency. Access to credit and establishing a credit history aren’t a luxury for people living in the US, they’re a necessity. A credit score is required to rent most apartments, get credit cards, and essentially make a way in the modern American world But for millions of immigrants (roughly 15 million) landing ... Read More »

China is Moving toward Fully Developed Credit Systems

Social Credit System Awareness Unified Social Credit Code System Industrial Credit system is Making Progress Enterprise Credit Management System becoming a Common Practice The Global Times reports that currently, in the Chinese society, the lack of credibility is still a very serious issue, which is an objective fact that we must face up to. At the same time, we should ... Read More »

BÜRGEL Wirtschaftsinformationen and CRIF GmbH to Merge

CRIF merged its German subsidiaries BÜRGEL Wirtschaftsinformationen and CRIF GmbH. The new company will continue its commercial operations under the name CRIFBÜRGEL, registered under CRIF Bürgel GmbH.  With this latest move CRIF is beginning to ramp up its brand recognition in Germany, At the start of 2016, CRIF Group took over the BÜRGEL Group, thus successfully entering the German credit ... Read More »

Consumer Credit Reporting Agencies Remove Most Judgment and Lien Information from Credit Reports

Beginning July 1, 2017, the three largest nationwide credit reporting agencies, Experian, Equifax and Transunion, will delete certain civil judgment and lien information from the databases they use to create credit reports?  On July 1, 2017, these credit reporting agencies will begin to implement new enhanced public records standards and related requirements as a result of an enforced settlement agreement ... Read More »

TransUnion Study: Rent or Buy? 2017 Begins with Spike in Number of Renters Shopping for Homes

New TransUnion analysis finds multifamily property managers may need to consider new amenities and services such as rental payment reporting to keep renters in units In a sign that consumers may be shifting preferences from renting to homeownership, a new TransUnion analysis found that 55% of those who shopped for a mortgage in Q1 2017 were non-homeowners – most of whom are ... Read More »