CDIA

Equifax, Experian and TransUnion have agreed to improve their approach to fixing mistakes on credit reports and address consumer disputes more effectively under a $6 million settlement with 31 state attorneys. The credit bureaus pledged to more closely scrutinize companies that furnish them with data and to curb the marketing of credit monitoring products to consumers who dispute information on ... Read More »

Equifax, Experian and TransUnion Launch National Consumer Assistance Plan to Enhance Credit Report Accuracy, Consumer Experience Equifax, Experian and TransUnion announced a National Consumer Assistance Plan that will enhance their ability to collect complete and accurate consumer information and will provide consumers more transparency and a better experience interacting with credit bureaus about their credit reports. The plan was announced ... Read More »

Federal regulators have demonstrated through recent regulatory guidance and enforcement actions that financial institutions are responsible for managing third party service providers’ activities. Recently, Peggy Twohig, the CFPB’s Assistant Director for Nonbank Supervision, went a step further, indicating that if a service provider is not meeting regulator expectations, a financial institution should renegotiate or even sever the relationship. This means ... Read More »

ACCIS and CDIA, the organizers of the World Consumer Credit Reporting Conferences have issues a call for a Request for Proposal to partner with a local company to organize the 10th World Consumer Credit Reporting Conference in 2016. CRAs who would like to host the 2016 Conference have to submit their proposals before January 15th 2015.  The RFP can be ... Read More »

The 9th World Consumer Credit Reporting Conference (October 19/21 2014 Grand Hyatt Dubai) was an outstanding success with over 300 credit information and financial services professionals attending. The event was organized by CDIA, the Consumer Data Industry Association (USA), ACCIS, the European Association for Consumer Credit Information Services, and the Credit Bureau of Saudi Arabia (SIMAH). Key topics centered on ... Read More »

Registrations for the 9th World Consumer Credit Reporting Conference in Dubai are ahead of expectations. As a result, we are close to reserving all the rooms we requested at the Hyatt, especially those at the guaranteed conference rate for delegates coming in before Oct. 19, or staying after Oct. 21. The Conference agenda is set. Some of the timely sessions ... Read More »

The 9th Global Credit Reporting Conference to Be Held At Grand Hyatt Dubai The organizing committee for the 9th World Consumer Credit Reporting Conference has chosen the Grand Hyatt Dubai to host the event October 19-21, 2014. Centrally located close to all the major attractions in Dubai, the spectacular Grand Hyatt is a five-star property surrounded by 37 acres of ... Read More »

The US news media corporation CBS aired a program on ‘60 Minutes’ concerning the recent FTC study that up to 40 million Americans have mistakes on their credit reports.  The ’60 Minutes’ correspondent Steve Kroft reported on why little is being done to fix the errors. The US based Consumer Data Industry Association (CDIA) published its response to the somewhat ... Read More »

Credit report data are highly accurate and reliable. Various studies have determined the accuracy rate of credit reports exceeds 98 percent. In short, consumers are served exceptionally well by the accurate and complete information contained in their credit reports that enables them to purchase on credit those goods and services that are important to the well being of their families. ... Read More »

Jonathon Harding presented the success achieved by Yorkshire Water company in the UK of sharing payment data with the credit industry.  Amongst the benefits were an increase in the quality of their customer data, enabling them to improve the number of records on their file with full name & address from 25% to 75%.  This improvement allowed them to improve ... Read More »

While the 8th WCCRC in Taipei is less than three months away, it’s time to start planning for the 2014 Conference. The Association of Consumer Credit Information Suppliers and the Consumer Data Industry Association partner with a third company to host the Conference in an appropriate global venue. This is a process open to any company or entity that would ... Read More »