We Study Billionaires - The Investor’s Podcast Network cover image

TIP622: Finding Certainty in an Uncertain World w/ Joseph Shaposhnik

We Study Billionaires - The Investor’s Podcast Network

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Importance of Credit Bureaus in Capital Allocation

Credit bureaus in the United States play a crucial role in capital allocation as they hold significant power due to their oligopoly in the industry. They are involved in various decision-making situations such as securing mortgages, car loans, and renting homes. All three credit bureaus participate in assessing an individual's credit score for activities like obtaining a mortgage, and they are compensated for their services.

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