LASER Credit Access
LASER Credit Access® follows the credit bureaus and credit data providers so you do not have to. Each story is a short summary in plain language, a line on what it means for lenders, and a link to the original source.
Experian forecasts a shift from preventing breaches to verifying identity in 2027
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Short summaries of what the credit bureaus and data providers are doing, in plain language.
Legal
Equifax
First reported Oct 3, 2026
For lenders, the Equifax hard inquiry settlement is a reminder to be able to show the borrower's authorization and the permissible purpose behind every credit pull. Equifax has agreed to pay $30 million to resolve class action lawsuits claiming it did not properly investigate consumer disputes of hard inquiries.
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TransUnion
First reported Sep 16, 2026
For lenders, the TransUnion bankruptcy remark settlement is a reminder that a credit decision can rest on a report entry that is later disputed. TransUnion has agreed to pay $8.31 million to resolve a class action claiming it sold credit reports that showed a bankruptcy remark on an account when the same report had no public record of a bankruptcy filing.
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FCRA permissible purpose
FCRA permissible purpose is required before every credit pull. What qualifies for lenders, how to document it, and how it fits with accuracy and adverse action.
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Adverse action notices
The 30-day deadline, the 25-month retention rule, and every element FCRA and ECOA require in an adverse action notice, plus the five most common mistakes.
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AML and KYC
KYC requirements for lenders under the BSA: the four CIP data points, beneficial owners at 25%, ongoing monitoring, and five-year record retention.
Read the guideGeneral reference point, not legal advice. Each lender confirms its requirements with its own compliance counsel.
Summaries are written by LASER Credit Access from the sources linked on each story. LASER Credit Access is not affiliated with the news sources. Provider names belong to their owners.
We cover news from the credit bureaus and credit data providers that matters to lenders: legal, regulatory, product and company news. Each story links to its original source.
No. It is a general reference point. Each lender confirms its requirements with its own compliance counsel.
We write them ourselves from the source linked on each story. We take dates and facts from the source and do not copy its text.
Yes. Send the link to the source through our contact page and tell us why it matters to lenders. Contact us.
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