credit scores

FHA's capital buoyed by house price appreciation despite higher defaults

11/13/20

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.

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Petal seeks borrowers with blemished credit histories

10/07/20

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.

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PPP forgiveness, mainframes still mainstream, Marcus's future: Top stories of the week

10/02/20

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.

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Twitter veteran launches credit score that digs deep into cash flow

10/01/20

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.

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Lenders must learn from pandemic-related credit reporting issues

09/22/20

Credit unions need to improve their processes to ensure the problems that have arisen with credit reporting during the coronavirus don't happen again.

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Industry bristles at Biden proposal for public credit reporting agency

07/21/20

Banking and credit reporting groups say such an agency could politicize the reporting process. Consumer groups say it would offer consumers a necessary alternative.

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Broader PPP forgiveness, Wells bumping its cap, 'no regrets' cost cutting: Top stories of the week

06/05/20

Big banks call for blanket forgiveness of PPP loans under $150,000; Wells Fargo struggling to stay under asset cap amid pandemic, CEO says; banks are getting aggressive — and creative — to boost profits; and more from this week's most-read stories.

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Coronavirus still a threat to credit scores despite congressional relief

06/01/20

The rescue bill enabled banks to protect loans in forbearance from an immediate hit to a borrower’s credit report, but experts say affected consumers may have trouble getting loans after the pandemic ends.

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The coronavirus could force a full-blown crisis in credit scoring

05/20/20

Lawmakers are working to head off a wave of pandemic-related personal credit downgrades. But there are bigger problems with how credit risk is assessed that are harder to solve.

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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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