Home » Industry » Consumer Education

Consumer Education

Data Distrust Pits Consumers against Business

Consumers around the world are actively sabotaging business success every day by deliberately providing the wrong information when asked for personal details, scuppering organisations’ growth plans. A new study by GBG, the leader in identity data intelligence solutions, shows consumers are fed up with being asked for their details, with two in three admitting to deliberately giving incorrect information because they ... Read More »

Financial Literacy: Experian Lights the Way

Experian lights the way for Financial Literacy Month, providing resources to consumers to help guide their financial journey Experian®, the leading global information services company, today announced that it will continue to advocate for financial literacy and will join with the Jump$tart Coalition® in April to “Light the Way for Financial Literacy,” by developing new credit resources, providing education on identity protection ... Read More »

Schufa Offers Data management Service Packets for Individuals

BIIA member Schufa offers data management service packets for individuals ranging from providing identity protection to access to information on businesses.  Individuals are able to seek advice on matters relating to financial inclusion, identity protection, how to deal with companies providing services such as home remodeling, repairs and hire purchase financing.  The service is provided in German, English and Turkish. ... Read More »

The Year of the Free FICO® Score

The FICO® Score Open Access program has reached a major milestone — its 1st anniversary. Since FICO launched the program in the fall of 2013, FICO® Score Open Access has expanded significantly, with over 60 million account holders gaining regular access to free FICO® Scores by January 2015.  Participating banks and lenders include Barclaycard, Citi, Discover, First Bankcard, Hyundai Motor ... Read More »

Credit Bureau Singapore Launches Enhanced Consumer Credit Report

Report displays new data elements to enable consumers to better manage total indebtedness. Credit Bureau Singapore (CBS) announced that as of December 4, 2014 consumers will be able to obtain enhanced credit bureau reports that display their aggregate credit limits* and aggregate outstanding balances across financial institutions. The enhanced credit report is part of CBS’ move to provide more value-added ... Read More »

Creditscoring for Consumer Loans

Faster available – less delinquencies – lower costs – higher willingness to pay – more competition Studies have shown the benefits of credit scoring for consumer loans for the economy and consumers.  Within this context data protection regulations are particularly relevant. Creditreform Germany:  The assessment of the credit by professional credit scoring for consumer lending has positive effects on the ... Read More »

Experian® and Univision Communications Launch Spanish-language Solution to Meet the Credit-related Needs of America’s Growing Hispanic Population

Credito y Mas is a resource that will help U.S. Hispanics better manage their credit and financial future Experian Consumer Services-Affinity, the unit of Experian that provides credit monitoring and identity protection products as co-branding opportunities to businesses, and Univision Communications Inc., the leading media company serving Hispanic America, announced the launch of a Spanish-language, credit-focused product and online financial ... Read More »

Identity Theft Facts by TransUnion

BIIA member TransUnion offers sound advice in dealing with identity theft.   Knowing identity theft facts is critical. Identity thieves are less likely to prey on a well-informed population. So the more you learn about identity theft facts, the less vulnerable you are. Become familiar with identity theft facts and you’ll quickly see identity theft for the serious problem that it ... Read More »

TransUnion Reveals a Third of Americans Have Never Checked Their Credit Report or Score

According to a recent Google Consumer Survey commissioned by TransUnion, one third (32.7 percent) of Americans surveyed said they have never checked their credit report or score. An additional quarter (24.2 percent) said they had not checked their report or score in over a year. With the challenging economic conditions of the recent years, there is no better time than ... Read More »

Financial Literacy: BIIA Member Schufa Publishes New Textbooks for Teachers

“Making Young People Fit in Financial Matters” As part of a new education initiative titled “Business Workshop – Taking Charge of Your Financial Matters”, Schufa published a revised set of teaching materials for teachers.  This latest set of teaching aids provides teachers in Germany with an extensive pool of diverse materials available to realistically integrate the development of financial literacy ... Read More »

TransUnion: Value of Staying Creditworthy

A new TransUnion study has found that people who monitor their own credit files open significantly more new auto loans and credit cards, and perform generally as well on those loans as consumers who do not monitor their own credit. The study found that consumers who monitor their credit in any given credit score range not only open far more ... Read More »