CFPB blog post highlights report on relationship between geography and credit invisibility

This story appeared in Bank Digest.                                     

A Consumer Financial Protection Bureau blog post highlights a new Bureau "Data Points" report entitled "The Geography of Credit Invisibility," which concerns the relationship between geography and credit invisibility. The authors said those who are "credit invisible" do not have a credit record maintained by one of the nationwide consumer reporting agencies. They also noted that the importance of geography in accessing credit has been a long-standing concern for the Bureau and other policymakers. The post goes on to summarize key findings of the report.