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Friday, February 20, 2015

CFPB: More Than 50 Million Credit Card Consumer Have Access to Free Credit Scores

The CFPB reported that more than 50 million consumers now have free and regular access to their credit scores. This is following their credit score initiative that was launched last year, which called on the nation’s top credit card companies to make credit scores freely available to their customers. CFPB Director Richard Cordray said:

Consumers’ credit information is the foundation of their financial lives. Access to these scores provides an opportunity to engage consumers around their credit reports. Once consumers see their credit scores, they can be motivated to learn more about their credit history, check their full credit report, and take action to improve their financial lives.

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