Federal Housing Finance Agency director Bill Pulte announced that lenders may start using VantageScore, a rival to the Fair Isaac Corporation, the company behind the widely recognized FICO score, to assess creditworthiness for government-sponsored Fannie Mae or Freddie Mac mortgages.

Fannie Mae and Freddie Mac will accept a credit scoring model for mortgage applications that captures rent and utility payments in credit history, a move that could help more borrowers qualify for home loans.

The pool of consumers potentially falling into the subprime credit tier might grow by nearly 6 million individuals based on the trends connected with student lo

You want that new computer, but your bank account says, “Try again next month.” So, you click “Pay in 4,” and boom, problem solved. Buy Now, Pay Later (BNPL) apps have made it convenient to split payments into smaller chunks without racking up credit card bills.

With BNPL loans exploding in popularity, a change is coming to credit scoring that shows just how mainstream they have become in consumer finance.

Against this backdrop of higher credit scores, TransUnion recapped consumer demand for credit rebounded starting in mid-2021, as many government assistance programs ended and inflation began to rise.

Nearly one in five consumers who used TransUnion’s CreditView Dashboard at least once through their banks and credit unions saw their scores improve 40 points or more in 2018.

CNBC Select dives into the $23 million settlement TransUnion agreed to after plaintiffs accused it of failing to remove invalid credit inquiries.