EXPERIAN UNVEILS NEW CONSUMER REPORTING AGENCY FOR CASHFLOW UNDERWRITING

Summary from the TLDR Fintech newsletter

Experian is building an FCRA-regulated layer that lets lenders incorporate permissioned bank-account activity into credit decisions, potentially helping thin-file and credit-challenged borrowers qualify. Experian says these insights can increase approvals by up to 25% without changing risk tolerance, while bringing consent, data aggregation, standardized reports, analytics, and its existing scoring tools into one ecosystem. The move puts Experian into closer competition with Plaid, Prism Data, Mastercard Finicity, and Nova Credit, even as Plaid remains one of its data partners.