credit scores

FHFA would ban VantageScore from Fannie Mae, Freddie Mac credit scores

12/13/18

The Federal Housing Finance Agency has proposed barring Fannie Mae and Freddie Mac from using credit scores developed by VantageScore over concern about conflicts of interest with the joint venture of Equifax, Experian and TransUnion.

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CFPB orders State Farm Bank to improve credit reporting practices

12/06/18

The banking subsidiary of the Bloomington, Ill., insurer must stop providing inaccurate information to the credit bureaus under a consent order.

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A fintech’s bait for banking’s big fish

11/15/18

Self Lender is launching a secured credit card next year in the hopes of attracting big-bank partners that can use it to comply with the Community Reinvestment Act.

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Fintech startup tries to help consumers fix credit report errors

11/15/18

Upturn, which is owned by a BBVA unit, is offering a free online tool consumers can use to detect and dispute inaccuracies in their credit report.

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Credit Karma to gain a footing in the U.K.

11/06/18

Credit Karma has agreed to buy a credit reporting company that TransUnion initially sought to develop as the fintech's British equivalent.

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Fighting financial crime without excluding the underbanked

11/06/18

Promontory Financial Group CEO Eugene Ludwig says AI tools can remove the risks — and discrimination — involved in opening the U.S. financial system to newcomers.

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New UltraFICO score stokes concerns about data privacy

10/23/18

A new credit score that includes consumers' cash flow alongside their credit score is winning praise for its potential to help expand access to credit, but some worry it gives the credit bureaus even more data that could be compromised.

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There are fewer unbanked, but still too many: FDIC

10/23/18

The agency’s biennial survey showed gradual improvement in access to mainstream banks, but over 14 million adults lack ties to a federally insured institution.

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To boost credit scores, FICO, Experian, Finicity want bank data

10/22/18

In a move designed to improve access to financial products for consumers with low credit scores and short credit histories, Experian, FICO and Finicity are developing an "UltraFICO" score that lets individuals share checking and savings account data and help lenders better assess risk.

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CFPB's real power player; FICO's push to help loan approval

10/22/18

Brian Johnson, the agency’s second-in-command, wields much power; Fair Isaac is planning changes to credit scoring to boost approvals.

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