[Aug 20, 2026] Clearer Closure Taxonomy for Fraud Consortium Records

The closure information reported with Fraud Consortium records is now split into three distinct
concepts, so a reported closure is easier to file and easier to act on:

• Closure status: what happened to the money at closure (written off, settled, or closed
  with no loss).
• Closure reason: the specific cause (for example first-party fraud, identity fraud,
  synthetic identity fraud, bankruptcy, business closed, unable to pay, or a compliance exit).
• Closure family: the bucket the reason falls into (fraud, credit, or compliance). Exclusion match results from GET /businesses/{id}/exclusions now include a derived closure_family, so you can tell at a glance whether a hit is fraud-driven.

closure_family is derived from the reason rather than reported separately, so the two can never disagree.

Integration impact: if you contribute records to the consortium, "paid in full" is no longer an accepted closure value - report a no-loss closure with the appropriate status and reason instead. Reading exclusions requires no changes. See The Baselayer Fraud Consortium.