CFPB Says Consumers, Lenders Get Different Credit Scores

Law360, New York (September 25, 2012, 3:06 PM EDT) -- The Consumer Financial Protection Bureau released a study Tuesday revealing that 20 percent of consumers are likely to be given a credit score that substantially varies from what a lender would receive.

The study found that one in five individuals have a good chance of receiving a "meaningfully different" credit score than what a credit agency is getting, resulting in the consumer likely qualifying for different credit offers than they would anticipate based on the results they see.

The CFPB, which will begin supervising the country's...
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