FOR IMMEDIATE RELEASE
October 2, 2026
CDIA Statement on Reports of Potential Changes to Tri-Merge Credit Reporting
Statement from Dan Smith, President and CEO, Consumer Data Industry Association
Washington, D.C. — Dan Smith, President and CEO of the Consumer Data Industry Association (CDIA), issued the following statement in response to reports that the Federal Housing Finance Agency (FHFA) is considering changes to the credit reporting requirements for Fannie Mae and Freddie Mac:
“CDIA and its members support a mortgage market that best serves consumers as they pursue the American dream of homeownership. More data, not less, produces better outcomes, and keeps borrowing costs down. Lenders and borrowers benefit from the most complete, accurate picture, which is why maintaining the tri-merge credit report is critical to the safety and soundness of the mortgage industry.
The organizations that power the mortgage market have committed to using more information, not less, and the data continues to produce better outcomes. Consumers, lenders, investors and taxpayers benefit from this robust information, and any change at this time would upset this balance and introduce unintended cost and risk. CDIA welcomes the opportunity to work with policymakers to keep it that way.”
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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:
Ben Corb
bcorb@cdiaonline.org
202.841.2701