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The Rise of Consumer-Permissioned Data

Although lenders have been at the forefront of the consumer-permissioned data trend, consumer reporting agencies can benefit from pulling data for employment and education verifications in the same way. Benefits include significant cost savings, quicker turnaround time, and more accurate results. Third-party vendors can provide an opportunity for CRAs to allow applicants to grant access to their university accounts, as well as employer payroll data for employment verifications.

 

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Post By Ken Shafton (970 Posts)