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How your information shows up on a credit report can affect your ability to rent a home, get a mortgage or take out a loan. So you want to make sure that information is accurate, especially after a name change. But that can be a particular challenge for transgender and nonbinary people who change their name to better align it with their identity. Last month, the Consumer Data Industry Association issued recommendations for how those consumers can update their credit reports, but a group of 145 organizations says the industry needs to do more. Marketplace’s Kimberly Adams speaks with Spencer Watson, president of the Center for LGBTQ Economic Advancement and Research, which was one of those groups.
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How your information shows up on a credit report can affect your ability to rent a home, get a mortgage or take out a loan. So you want to make sure that information is accurate, especially after a name change. But that can be a particular challenge for transgender and nonbinary people who change their name to better align it with their identity. Last month, the Consumer Data Industry Association issued recommendations for how those consumers can update their credit reports, but a group of 145 organizations says the industry needs to do more. Marketplace’s Kimberly Adams speaks with Spencer Watson, president of the Center for LGBTQ Economic Advancement and Research, which was one of those groups.
Keep independent journalism going strong. Give today to support Marketplace Tech.
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