Topic: A recap of NCAP(The National Consumer Assistance Plan) how credit reports changed and why it matters.
Description: The National Consumer Assistance Plan (NCAP) was a response to a settlement between the three major credit bureaus—Equifax, Experian, and TransUnion—and 32 states’ Attorneys General in 2015. Some of the resulting changes made headlines, such as the removal of civil judgments and tax liens from credit reports, while others went into effect relatively unnoticed. Louis will share an overview and timeline of the credit reporting changes that have taken place because of NCAP, how the changes could impact consumers’ credit scores, and whether the changes will also impact underwriting.
Louis DeNicola – Freelance writer and credit expert.