The Supreme Court last month blocked the Centers for Disease Control and Prevention’s national eviction moratorium. Now, in a belated disclosure, the Consumer Financial Protection Bureau reports that renters’ finances improved during the pandemic. In other words, the eviction ban was never needed.
The CFPB issued a report on Friday examining the financial conditions of renters before and during the pandemic. It shows that renters’ credit scores increased by 16 points during the pandemic compared to 10 points for homeowners with mortgages. Credit scores increased even more for renters with children (25 points) and those earning less than $40,000 (18 points).