CDIA

Dan Smith, President & CEO of CDIA, issued a statement on reports that FHFA is considering changes to credit reporting requirements for Fannie Mae and Freddie Mac. Comprehensive credit data matters for accuracy and soundness. tinyurl.com/jj22r3jj

More context can make a difference. The Metro 2® Format Task Force approved a new Special Comment Code, DS – Debt Settlement, to identify verified participation in a for-profit debt settlement program before settlement is complete. Learn more: cdiaonline.org/news/2026/10/… #Metro2

Credit products evolve. Reporting guidance must keep pace. CDIA and industry experts have developed guidance on reporting Pay in Four loans using existing Metro 2® capabilities. See how the standard supports evolving products: cdiaonline.org/news/2026/10/… #Metro2

The standard is only part of the story. The Credit Reporting Resource Guide® helps reporting professionals apply Metro 2® through field definitions, record layouts, FAQs and practical industry guidance. Discover the work behind the credit report: cdiaonline.org/news/2026/10/…

Different lenders. Different systems. One common reporting standard. The Metro 2® Format helps organizations report information consistently, supporting more complete and accurate credit reports. Learn how it works in our latest blog: cdiaonline.org/news/2026/10/… #Metro2

In case you missed it: What’s ahead for consumer reporting? From the FCRA and dispute investigations to AI, alternative data and the evolving regulatory landscape, hear @DanSmithNJ and @BallardSpahrLLP have a conversation on issues shaping our industry. ballardspahr.com/insights/bl…

Why does a more complete picture of consumer data matter? Dan discusses this and more on Ballard Spahr’s Consumer Finance Monitor, exploring the future of consumer reporting, alternative data and the evolving regulatory landscape. ballardspahr.com/insights/bl… #ConsumerReporting

Accurate consumer reporting matters. So do the processes that help resolve disputes and maintain confidence in the information used to make important decisions. @DanSmithNJ discusses these issues on @BallardSpahrLLP Consumer Finance Monitor podcast. ballardspahr.com/insights/bl…

A paid-off balance is an important financial milestone. Credit reporting that better reflects account changes can help consumers and lenders work with a more current financial picture. View CDIA's blog on timely credit reporting: tinyurl.com/nhza5te7 #ConsumerData

What’s next for consumer reporting? CDIA President & CEO @DanSmithNJ joined @BallardSpahrLLP Consumer Finance Monitor podcast to discuss the legal, regulatory and technological developments shaping our industry. Listen: ballardspahr.com/insights/bl… #ConsumerReporting

Accurate credit reporting is an ongoing commitment. Credit files change as new information arrives, accounts are updated and consumer disputes are investigated. Maintaining accurate information requires continuous work. tinyurl.com/ynytjepj #DataAccuracy #CreditReporting

A 10-point difference can change a mortgage pricing tier. Research from Andrew Davidson & Co. found that 83% of the time, a 10-point credit score difference moved borrowers scoring 640–779 into a different pricing tier. acrobat.adobe.com/id/urn:aai… #TriMerge #HousingAffordability

2025 @TransUnion analysis estimated that eligibility results could change for about 300,000 borrowers under a single-bureau approach. Complete credit information can help lenders make more informed decisions. tinyurl.com/4jkk2tj4 #CreditReporting #MortgageLending

In case you missed it: Timely credit reporting matters. Industry leaders discuss how intracycle reporting can help important account updates reach credit reports sooner. Read CDIA's latest blog: cdiaonline.org/news/2026/10/… #CDIA #CreditReporting

Credit score differences can have meaningful financial implications. In a $400,000, 30-year mortgage scenario, a score difference that moves a borrower into a higher-rate tier could add more than $20,000 to the total loan cost. acrobat.adobe.com/id/urn:aai… #MortgageLending

Same borrower. Different mortgage costs. A complete view of credit helps borrowers and lenders navigate mortgage decisions with greater predictability. acrobat.adobe.com/id/urn:aai… #TriMerge #CreditReporting

Most of the work behind an accurate credit report happens out of view. From receiving information from furnishers to matching records and updating files, ongoing processes help support the accuracy and reliability of consumer credit data. tinyurl.com/ynytjepj #DataAccuracy

Consumers have more access to their credit information than ever. With free weekly reports available, consumers can access up to 52 reports a year from each of the three nationwide credit reporting agencies. tinyurl.com/ynytjepj

Reliable credit reporting is about more than accuracy. It’s also about timeliness. As consumers’ financial circumstances change, the industry can work together to identify where more timely account updates can make a meaningful difference. cdiaonline.org/news/2026/10/…

More timely credit reporting takes collaboration. At CDIA’s recent roundtable, industry leaders explored the potential of intra-cycle reporting—and the practical challenges of implementing it across different systems and reporting schedules. cdiaonline.org/news/2026/10/… #ConsumerData