Experian is one of the largest and most prominent credit rating agencies in the world. It plays a critical role in providing credit reports, scores, and other financial information to both individual consumers and businesses.
The TALF (Term Asset-Backed Securities Loan Facility) is a program created by the Federal Reserve that aims to support the issuance and accessibility of asset-backed securities (ABS) collateralized by underlying consumer and business credit. First introduced during the 2008 financial crisis, TALF seeks to encourage the flow of credit to households and small businesses.
TransUnion is one of the three major credit reporting agencies (along with Experian and Equifax) in the United States, responsible for collecting and providing consumer credit information to lenders and other entities.
The Truth in Lending Act (TILA) is a federal law designed to promote the informed use of consumer credit by requiring disclosures about its terms and cost. Implemented by Regulation Z, it aims to standardize and safeguard credit transactions, ensuring consumers are aware of and understand key aspects of the financial agreements they enter.
