Are there any efforts to regulate the use of alternative data in credit scoring?

Feb 10, 2025 ... A soft credit pull, or soft inquiry, is a credit check that has no impact on your credit score. Lenders and financial institutions typically use ... Nov 14, 2018 ... A soft inquiry happens when someone other than you, such as a lender or credit card issuer, checks your credit for promotional purposes. These ... Aug 24, 2021 ... Why do I see a soft inquiry from SoFi on my credit report? I don't have an active profile or account with you. ... A soft credit pull may be used ... Jan 4, 2024 ... How does a soft inquiry affect my credit score? Soft credit checks will not hurt your credit and are only visible to you when you review your ... A soft inquiry, sometimes known as a soft credit check or soft credit pull, happens when you or someone you authorize (for example, a potential employer) checks ... Sep 19, 2023 ... When you check your credit yourself, it's a soft credit inquiry or soft credit check, and it doesn't affect your score. The Fair Credit ... Soft credit inquiries are just reviews of your credit file and do not change your credit score. These inquiries can include existing or prospective lenders and ... Jul 19, 2023 ... What is a soft credit check? A soft inquiry, or soft pull, on your credit report typically happens when you, another person or a company checks ... A tenant credit report from TransUnion SmartMove® results in a soft inquiry on the applicant's credit history, which does not affect their credit score. Sep 28, 2021 ... The Fair Credit Reporting Act (FCRA) is very clear as to the permissible purposes of obtaining consumer reports. Section 604 of the FCRA sets forth the ...