“Whereas at the moment accessible knowledge permits market contributors to determine and measure sure traits, it isn’t sufficiently granular or full sufficient to completely discover the reason for these traits,” a Nov. 17 CFPB weblog submit acknowledged. “Additionally, the speedy adjustments to the trade over the previous couple of years have made visibility into market traits more and more troublesome.”
The CFPB cited repossessions and subprime or deep subprime loans as areas missing enough knowledge.
“With out this holistic view, market contributors are unable to determine rising dangers and alternatives as they happen. This might result in destructive penalties for customers, lenders, and traders.”
