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CREDIT INFORMATION BUREAUS
Financial fixes and high-yield savings: Are you missing the easiest ways to save more and spend less?More than half of savers still earn under 3% interest, while many households lose around $200 yearly on unused subscriptions. These financi...- NEDFi Partners with Veefin Solutions to revolutionize digital lending operations in Northeast IndiaNEDFi and Veefin Solutions have partnered to implement a digital lending ecosystem aimed at enhancing credit access across Northeast India....
- Are you affected? Medicare breach may expose Social Security Numbers — steps to check nowThe Medicare data leak has triggered fresh fears around Social Security number exposure and identity theft across the United States. A publ...
- A loan you never took; How PAN fraud is wrecking credit scores in India and what you should do to protect yourselfIndians are facing a new threat: PAN-based loan fraud. Criminals are using stolen PAN details to take out loans without consent. This is da...
- Complaints against credit bureaus rise sharply as borrower frustration spikes over credit score, data accuracyAccording to industry experts, the rise in complaints should be seen as both a warning and an opportunity -- a signal that grievance mechan...
- Your credit score may fail you, even if you’ve played by the rulesCredit scores in India, calculated by credit information bureaus, significantly impact access to loans, jobs, and even healthcare. However,...
- Credit ratings need to get personal, scores don't reflect full pictureAdvancement in technology has raised the ability of credit data companies to access information about bank customers enhancing the dependab...
- HDFC Bank delayed reports of repayment status of millions of borrowers: Experian to RBIOne of India’s biggest credit bureaus, Experian Plc told the Reserve Bank of India in July that HDFC Bank has been late in providing detail...
- Alternative data can gauge creditworthiness, if law permitsData privacy law awaited to determine scores using sources such as mobile phone and e-wallet usage
- Public Credit Registry will help lenders access risk: Viral AcharyaThe Reserve Bank of India has been instrumental in building a PCR for better data collection and make it available to lenders.
- High-street banks oppose fintech firms' access to bank client dataTo draw RBI attention to risks of unbridled flow of customer data from credit information cos to fintech and financial services players
- Forget credit rating, your social media posts may decide whether you will get a loan or notCredit bureau executives say that alternative data is being used especially for loans to firsttime borrowers, who do not have any credit sc...
- Credit information companies to issue 1 credit report a year per customerThe regulator observed that in many instances, charges for merchants were bundled and a composite fee was levied on merchants irrespective ...
- Credit bureaus want RBI to make payments banks its membersRBI gave in-principle nod to 11 aspirants to set up payments banks last August. While some like Tech Mahindra and Cholamandalam have since ...
- When getting a credit score is not enough for borrowersDifference in methodology sometimes leads to major confusion, leaving borrowers puzzled as the same individual can be given different credi...
- Pay all your bills on time to get more credit, suggests RBIAt present, when a borrower seeks a personal loan or a credit card, the lending institution checks his credit score from credit information...
- Credit information bureaus rely on counselling to expand footprintImproved public awareness may lead to more loan demand and higher business for these companies which compile information on borrowers’ cred...
- Banks using skip-trace tools to trace out loan defaulters on the runBanks and loan collection agencies are employing skip-trace, a method to extract and analyse creditor information that was difficult to obt...
- Credit bureaus should have a provision for Aadhar in systems: KC Chakrabarty, RBICredit information bureaus should use Aadhaar number to enable smoother working of the credit market and root out cases of identity frauds,...
- 10 million poor rural borrowers in AP may soon be labelled defaultersMillions of rural poor borrowers in the state are running the risk of losing access to formal credit.
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