CDIA

CDIA is the voice of the consumer reporting industry, representing nationwide and specialized credit bureaus, background check companies and others.

[CDIA @CDIAonline]

CDIA's Dan Smith explains in American Banker why preserving tri-merge credit reporting matters for fairness and accuracy in mortgage lending. Read more: https://t.co/k3ca1EQAvH

#PreserveTriMerge #MortgageFairness #TriMerge #CreditReporting #FullCreditPicture

[CDIA @CDIAonline]

CDIA President & CEO @DanSmithNJ joined Chris Willis on The Consumer Finance Podcast @tpllaw to discuss the importance of the consumer reporting system and protecting access to credit through accurate, consistent reporting https://t.co/Py6F4ALqVg

[CDIA @CDIAonline]

That’s a wrap #CDIAConnect2026! From AI to FCRA, preemption, to tri-merge, the conversations were meaningful—and the networking, connections, and collaboration made it even more special! Thank you to all our speakers, sponsors, and attendees!

[CDIA @CDIAonline]

Thank you to Liz Pagel, SVP, Global Head of Alternative Data Solutions at @TransUnion, for delivering an insightful keynote at #CDIAConnect2026 on the evolution and future of consumer reporting!
#futureofconsumerdata

[CDIA @CDIAonline]

@DanSmithNJ sits down with keynote speaker @ggradler, Deputy Director of the CFPB, at #cdiaconnect2026 for a fireside chat on the evolving regulatory landscape, CFPB priorities, consumer data, fraud initiatives, and what’s ahead for the industry.
#CFPB #ConsumerData #IndustryChat

[CDIA @CDIAonline]

Officially kicking off #CDIAConnect2026

Heather Russell, Board Chair of CDIA, said it best:
“When consumers have access to opportunities, communities thrive, the economy thrives, and the country thrives.”

Looking forward to conversations and collaboration ahead!
#consumerdata

[CDIA @CDIAonline]

Day 1 of #CDIAConnect2026 = a success 🙌

The Women in Consumer Data Forum - full of inspiring conversations, powerful insights, and an incredible keynote [Shelley Leonard] on authentic, team-driven leadership.

We’re excited to welcome everyone for the official kickoff tomorrow.

[CDIA @CDIAonline]

Thank you @FHFA @Pulte for making credit score competition a reality. This advancement will foster a more competitive marketplace, encourage innovation, and expand choice for lenders and consumers. We applaud the focus on transparency, consistency, and access to affordable credit

[U.S. Federal Housing (FHFA) @FHFA]

FHFA to accept VantageScore loans immediately; HUD to accept new scores ‘soon’ | Mortgage Professional https://t.co/jGKKjJDyDA

[CDIA @CDIAonline]

We thank @SecretaryTurner for his leadership and this important advancement in credit score competition. Expanding eligible models can help foster a more competitive marketplace, encourage advancements in predictive accuracy, and support greater choice for lenders and consumers

[Department of Housing and Urban Development @HUDgov]

Today, @SecretaryTurner announced that the Federal Housing Administration will permit the use of VantageScore 4.0 and FICO 10T as eligible credit scoring models for FHA-insured mortgage underwriting.

This historic move is intended to lower costs for the American people after years of rising prices under the status quo credit score system.

[CDIA @CDIAonline]

Thank you @Pulte for making scoring competition a reality. Your actions yesterday will help drive towards prioritizing transparency, consistency, and access to affordable credit. We applaud this announcement.

[Pulte @pulte]

Today, I chaired the United States Federal Housing Finance Oversight Board and was joined by Securities & Exchange Commission Chairman, Paul Atkins, and HUD Secretary, Scott Turner, and representatives from Treasury. We had a productive meeting covering, amongst other things, the safety and soundness of the United States Housing and Mortgage Markets, as well as Fannie, Freddie, and the Federal Home Loan Banks’ activities to support affordable housing and underserved areas. We also discussed our continued commitment to proactively mitigate any risks to the stability of the United States Housing Finance System. Overall, it was a productive meeting and I appreciated my colleagues’ participation and input. @SECPaulSAtkins @SecretaryTurner

[CDIA @CDIAonline]

Good conversations happen when the industry shows up and explains how things actually work. That's what yesterday was about. Thanks to the @FinancialCmte for the opportunity. #FCRA #ConsumerCredit #FinancialServices

https://t.co/3LRxwRtNX2

[CDIA @CDIAonline]

The Fair Credit Reporting Act turns 50+ years old and it remains the right foundation for consumer credit in America. Yesterday we made that case to Congress @FinancialCmte #FCRA #ConsumerProtection

https://t.co/3LRxwRtg7u

[CDIA @CDIAonline]

Accurate credit reports aren't just good for business. They're good for consumers. Our members invest heavily in data quality and dispute resolution because getting it right matters. #ConsumerCredit #FCRA

https://t.co/WXayAK1pqO

[Financial Services GOP @FinancialCmte]

WATCH: @RepTimmons on the role of credit reporting in our economy:

“The consumer credit reporting system plays a foundational role in our economy, influencing how Americans access credit, secure housing, and even obtain employment. At its core, this system depends on the accurate and consistent flow of information between data furnishers, consumer reporting agencies, and the institutions that rely on these reports to make decisions. When it functions properly, it supports both sound risk management and broader access to credit.”

📺⬇️

[Financial Services GOP @FinancialCmte]

WATCH: @RepLoudermilk on the Fair Credit Reporting Act's (FCRA) liability framework:

“We've seen growing concerns that the current FCRA liability framework, particularly around statutory and punitive damages in class actions, can create incentives for litigation that may not always correspond to actual consumer harm.”

📺⬇️

[Financial Services GOP @FinancialCmte]

WATCH: @RepYoungKim on the importance of financial education:

“I want to take a second to recognize April as Financial Literacy Month. And as Co-Chair the Financial Literacy and Wealth Creation Caucus, I'm committed to furthering financial education and making sure that Californians are on the right path to financial success. And part of that success begins with access to credit.”

📺⬇️

[Financial Services GOP @FinancialCmte]

WATCH: @RepRWilliams on expanding access to credit through alternative data:

“For a long time, access to credit has depended on a family or a fairly narrow picture of a person's financial history. In recent years, we've seen rapid changes in how alternate data, especially with the growth of alternative data like rent, utility, and cash flow information, can now give lenders a more complete view of a potential borrower's risk. When done right, that kind of data can expand access to credit while preserving safety and soundness across the financial system."

📺⬇️

[CDIA @CDIAonline]

Millions of Americans are credit invisible. Alternative data like rental and utility payment history can change that. We talked about it today on Capitol Hill @FinancialCmte and we'll keep talking about it. #AlternativeData #FinancialInclusion #FCRA

https://t.co/WXayAK1pqO

[CDIA @CDIAonline]

Our President and CEO @DanSmithNJ testified before @FinancialCmte Financial Institutions Subcommittee today. The FCRA has worked for over 50 years. We were glad to help Congress understand why it still does.
https://t.co/WXayAK0RBg

#FCRA #ConsumerCredit

[CDIA @CDIAonline]

New podcast: Dan Smith joined the Chrisman Commentary - Daily Mortgage News to talk about why preserving the tri-merge credit report is critical for accurate underwriting and a stable mortgage market.

Watch here:
https://t.co/7VIhwHArfP

#Mortgage #Housing #CreditData

[CDIA @CDIAonline]

New research from Andrew Davidson & Co., Inc.  shows moving away from tri-merge in mortgage underwriting would increase risk and costs.

Incomplete data = higher uncertainty = higher costs.

https://t.co/7stEz2tqZg

#MortgageFinance #CreditReporting #HousingAffordability