MBA Blasts Rising Credit Report Costs

Mortgage Professional America, Nov. 25, 2025-Liezel Once
The Mortgage Bankers Association escalated its campaign against surging credit reporting costs, calling once again for a federal investigation and the abolishment of the tri-merge credit report mandate that has left lenders at the mercy of an entrenched oligopoly.

“Once again, the national credit bureaus are abusing their government-granted oligopoly by gouging consumers,” said Bob Broeksmit, MBA president and CEO.

He described the tri-merge system as “a flawed, outdated, and anticompetitive system where lenders are required to buy specific, increasingly-expensive credit reporting data from each of the three credit bureaus.”

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