FOR IMMEDIATE RELEASE
July 10, 2025
WASHINGTON, D.C. – The Consumer Data Industry Association (CDIA) applauds the Federal Housing Finance Agency’s (FHFA) recent announcement that Fannie Mae and Freddie Mac will continue to use tri-merge credit reports and allow the use of additional credit scoring models that incorporate alternative data. CDIA has been a strong advocate for the expansion of data in the credit reporting ecosystem as additional data provides lenders with more information to help facilitate lending and expand access to credit while assessing risk.
CDIA President and CEO, Dan Smith stated that “these decisions are good for homebuyers, taxpayers, and the financial system overall. We thank Director Pulte for sending a strong signal to preserve the tri-merge credit reporting system that helps maintain the safety and soundness of the financial system. The credit reporting system provides critical information that lenders rely upon to make sound decisions in the lending process. For years, CDIA members have encouraged the inclusion of alternative data including rent and utility payments, which will unlock homeownership for more Americans.”
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About CDIA: The Consumer Data Industry Association (CDIA) is the voice of the consumer reporting industry, representing consumer reporting agencies, including the nationwide credit bureaus, regional and specialized credit bureaus, background check and residential screening companies, and others. Founded in 1906, CDIA promotes the responsible use of consumer data to help consumers achieve their financial goals and to help businesses, governments, and volunteer organizations avoid fraud.
Contact:
Brittany Bailey
Bbailey@cdiaonline.org
Consumer Data Industry Association
1156 15TH ST, NW, Suite 1250
Washington, D.C. 20005
CDIAONLINE. ORG