CFPB Taskforce Report (Part 2): The 19 Focus Areas and 102 Recommendations of Volume 2
Published on:
7 January 2021 at 11:00 a.m. ET
Jan. 7, 2021, 11 a.m.
March 5, 2021, 9:56 p.m.
insideARM.com
The iA Institute
http://www.insidearm.com/news/00046966-cfpb-taskforce-report-part-2-19-focus-are/
Editor's Note: Read Part 1, A Deep Dive Into the 4 Main Debt Collection-Related Topics of Volume 1,
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to the CFPB, not mandates or recommendations
from, (although they may become mandates at some point in the future if acted on by the Bureau's director).
Alternative Data
The Taskforce is interested but worried.
Alternative Data are pieces of consumer information not traditionally incorporated into a consumer's credit report: rent payments, for example, or utility bill payments. Deepening the pool of information available to creditors can help both the creditor and the consumer. So, as far as that goes, the Taskforce is for it.