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Lender Tracking Of Customers’ Social Media Use Raises Concerns

Lender Tracking of Customers’ Social Media Use Raises Concerns Consumer regulators are reviewing the practice of basing loan decisions, in part, on use of sites such as Facebook and Twitter. Lending companies are increasingly using social media sites for information about borrowers’ credit eligibility and their identity, a practice that is concerning for consumer groups and regulators, TheWall Street Journal recently reported.......