News Topic: credit scores
Search Results
‘We have a winner-takes-all system’: VantageScore CEO Tavares
CFPB takes second bite at the apple with TransUnion lawsuit
Lenders' use of rent data in loan decisions helps homebuyers, but dangers lurk
Buy now/pay later could help young consumers build credit histories
Student-loan defaults risk snapping back to highs, Fed analysis shows
Black-owned fintech Esusu hits unicorn status with SoftBank-led round
Who the K-shaped recovery is leaving behind
Wells Fargo Abandons Plan to Shut Down Personal Credit Lines
Alternative credit metrics work. Lenders should embrace them.
Fintech backed by NBA's Curry aims to help consumers build credit
Apple Card now lets multiple family members share credit line
Pandemic highlights shortcomings of traditional credit metrics
When incorporating alternative credit data, put fairness before speed
FHA's capital buoyed by house price appreciation despite higher defaults
The Federal Housing Administration said in its annual actuarial report that capital reserve ratio on its mutual mortgage insurance fund increased to 6.10% in fiscal year 2020, up from 4.84% a year earlier. ... Read full article
Petal seeks borrowers with blemished credit histories
The company, which provides credit cards to millennials, is expanding its target audience beyond thin-file consumers and those without credit histories. It will now also target those with blemished, nonprime credit histories. ... Read full article
PPP forgiveness, mainframes still mainstream, Marcus's future: Top stories of the week
House forgiveness plan for Paycheck Protection Program loans is better than nothing, bankers say; why some banks still lean on mainframes; what's next for Goldman Sachs's Marcus; and more from this week's most-read stories. ... Read full article
Twitter veteran launches credit score that digs deep into cash flow
Harvest, a fintech founded by Nami Baral, has developed an alternative scoring method that amasses data on spending patterns, debt payments and even earnings potential to get a better sense of consumers' creditworthiness. ... Read full article
Lenders must learn from pandemic-related credit reporting issues
Credit unions need to improve their processes to ensure the problems that have arisen with credit reporting during the coronavirus don't happen again. ... Read full article
Industry bristles at Biden proposal for public credit reporting agency
Banking and credit reporting groups say such an agency could politicize the reporting process. Consumer groups say it would offer consumers a necessary alternative. ... Read full article