It is widely understood that subprime consumers have fewer opportunities to access credit because the underwriting process is more challenging for lenders. Whether because of low credit scores, or due to a lack of credit history (known as thin-file), these consumers are often forced to use alternative financial services
Clearwater, Fla. – Clarity Services, the leading subprime consumer credit bureau, announces the enhancement of three standard products to include a new active duty indicator to help verify the status of applicants and their dependents.
Effective October 3, 2016, lenders will be required to comply with an amendment to the
At Clarity, we pride ourselves on being proactive when it comes to regulations. We stay focused on implementing compliance solutions for our customers so they can focus on running their businesses. Clarity has proposed solutions for each of the following items from the CFPB’s rules proposal1 (“Proposed Rules”), created