credit scores

Why Apple card will succeed; Opening the Fed payments system


Offering 3% on purchases through its App Store, Apple hopes to make its competitors' phones a less-appealing option; a call for speeding up FedNow.


FHFA reverses course, will let VantageScore pitch model to GSEs


The regulator of the government-sponsored enterprises retreated from an earlier proposal that had barred VantageScore because of its ties to the credit bureaus.


'Another day, another hack': Comments of the week


Readers react to Capital One's massive data breach, raise alarm to The Bancorp's expansion in CRE securitizations, defend fintechs offering retirement plans and more.


House revives effort to allow nontraditional data in credit scores


The bill, similar to legislation that passed the chamber last year, would permit the inclusion of items such as rent and telecom payments to help consumers build their credit profiles.


Equifax fine punches a hole in data security culture


The timing of the settlement serves as a warning to other companies of the risks they face in an increasingly data-focused economy.


Which fintechs are best positioned to handle a recession?


In a downturn, some fintechs, such as independent lenders, will be more vulnerable to economic forces than those working to service banks' regulatory needs.


Before they regulate AI, Congress needs to define it


As lawmakers meet this week to discuss artificial intelligence, they should work with regulators to create universal and workable definitions.


Buttigieg worries tech may add racial bias to credit decisions


Democratic presidential candidate Pete Buttigieg said the way credit scoring is done in the U.S. is fraught with inequality and he's worried the process may get worse with systems based on artificial intelligence.


How Amazon and Synchrony are reinventing secured credit cards


Targeting consumers with poor or thin credit, Amazon is offering a secured card with rewards on par with those offered to mainstream cardholders.


Why consumers just can't stop complaining about credit bureaus


For four years running, consumer complaints about the three national credit reporting agencies — Experian, Equifax and TransUnion — have dominated the CFPB’s database. What do they keep doing wrong?