Alternative lending

Pandemic exposes limits of lenders' traditional credit metrics

07/24/20

Lenders need to use alternative data as an overlay to traditional underwriting methods to help creditworthy customers in hardship because of the coronavirus crisis.

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Alternative data could be lifeline for consumers needing credit

05/19/20

Congress should pass legislation authorizing use of nontraditional data sources to make credit more available to consumers who’ve taken a hit from the coronavirus pandemic.

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Don’t ditch disparate impact

03/04/20

Attempts to rewrite the method for determining unintended discrimination in housing should not bleed into fair-lending laws.

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Online lender Petal hires Kabbage’s chief risk officer

02/04/20

Kaustav Das was part of Kabbage’s effort to transform small-business lending by using new data analytics, and the CEO of Petal wants him to help it do the same in consumer credit cards.

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Alternative data is not the enemy of underwriting

01/14/20

Regulators are beginning to recognize the importance of using alternative data to provide credit for the underbanked. Now is the time to expand its use across the industry.

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'Out of the shadows': Use of alternative data in lending gains ground

12/16/19

Financial regulators’ statement cautiously encouraging banks to go beyond traditional underwriting in their lending decisions is a big step forward for the use of alternative data and artificial intelligence, bankers say.

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Consumer credit will remain strong in 2020: TransUnion

12/12/19

Casting aside recession fears, the credit bureau predicts credit cards, mortgages, auto loans and unsecured personal loans should all perform well — including those extended by online lenders.

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Regulators give wary nod to use of alternative data in underwriting

12/03/19

Alternative data "may improve the speed and accuracy of credit decisions and may help firms evaluate the creditworthiness of consumers," the agencies said.

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Kabbage gets into payments — and in Square and PayPal's face

10/24/19

The online platform lender Kabbage is making the move beyond just providing working capital loans to small businesses, putting it in direct competition with alternative acquirers and payment companies.

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LendingClub founder's new firm launches card-loan hybrid product

10/10/19

Renaud Laplanche, one of the first fintech disruptors, is launching an unusual type of credit product at Upgrade, his new company, that is a cross between a credit card and an unsecured loan.

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