Updates in the Credit Industry

Credit reporting and scoring are constantly evolving to adapt to changes in consumer protection laws, consumer and economic patterns, and the business needs of lending institutions. Recent developments in credit scoring and in the credit industry, particularly the implementation of new consumer protections, policy changes, and the growing use of alternative and “consumer-permissioned” data, may impact the credit reports and scores of consumers engaged in financial coaching and counseling. This session will explore the ways that these changes will impact consumers, and best practices for financial coaches and counselors working with clients to establish and improve their credit.

Presenter: Melinda Croes and Maria Sennett, Credit Builders Alliance