The Consumer Financial Protection Bureau released a report on how credit builder loans could help consumers establish credit records and improve the credit scores of those with no outstanding debt. CBLs generally require borrowers to make installment payments before receiving funds.
CFPB report touts credit builder loans
July 14, 2020 / By ICBA
The Consumer Financial Protection Bureau released a report on how credit builder loans could help consumers establish credit records and improve the credit scores of those with no outstanding debt. CBLs generally require borrowers to make installment payments before receiving funds.
The Consumer Financial Protection Bureau released a report on how credit builder loans could help consumers establish credit records and improve the credit scores of those with no outstanding debt. CBLs generally require borrowers to make installment payments before receiving funds.
Issued as part of Consumer Financial Protection Week, which runs through Friday, the report and an accompanying practitioner’s guide are designed to help institutions expand financial inclusion.Subscribe now
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