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People applying for mortgages were told they would get them if they bought shares in the bank.
The number of Americans applying for mortgages to buy homes has plummeted 16 percent since the end of April.
Customers will also not be charged for duplicate statements which are often needed when applying for mortgages, visas and other products.
The credit services division has seen its business with banks fall on factors such as fewer customers applying for mortgages and therefore less demand for credit-checking services.
In the report, Murphy notes that anonymous tools have helped people avoid prejudice when applying for mortgages and jobs, for example.
When the standard is launched, possibly next year, customers will be free to empower any financial services provider to access their accounts so applying for mortgages and loans will not mean photocopying bank statements.
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Almost as disturbing was the continuing reluctance of people to apply for mortgages.
On the other hand, the Internet offers consumers a way to shop around and even apply for mortgages without leaving home.
If the owners agreed, the defendants would recruit buyers with good credit histories who would apply for mortgages to buy the properties, according to the indictment.
The verification service was created to help employers manage requests to confirm salary and employment information, like when their workers applied for mortgages, Mr. Adams said.
Last week, Prime Minister David Cameron announced that 6,000 people have put offers in on homes and applied for mortgages thanks to the Help to Buy scheme.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com