CFPB halves estimate of ‘credit invisible’ consumers
5.8% of adults were considered credit invisible in 2010, 2.7% in 2020
The Consumer Financial Protection Bureau has updated its methodology for determining the number of consumers with thin-file or no credit history, leading to corrections in data dating back 15 years. The bureau on June 23 published a technical correction to estimates dating back to 2010 of the percentage of the adult U.S. population considered “credit […]
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