Banks to be Big Brother in credit report profiling

Rick Adlam — Sun, 20 May 2012 10:13:46 +0000

Banks over the last three years have let leading standards slip, in an effort to compete with non conforming lenders [sub-prime lenders]. This has lead to higher defaults and foreclosures and that is no good for anyone involved. But are the extra credit reporting requirements really necessary?

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Banks to be Big Brother in credit report profiling