credit scores

Wells loses key player; credit scores get a boost

08/15/18

Mark D’Arcy was in charge of regulatory reviews and annual stress tests; many see 10-plus point gains following removal of non-loan collections reports.

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Stats on consumer debt collection aren't as rosy as they look

08/14/18

The number of consumers being pursued by debt-collection agencies fell dramatically in the past year, but it's as much technicality as achievement, and bankers need to keep that in mind when reviewing the credit scores of millions of Americans.

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FHFA to write credit score rule rather than pick alternative score for GSEs

07/23/18

The Federal Housing Finance Agency is suspending its ongoing review of new credit scoring models and will instead move forward with creating a regulatory framework for providers of alternative credit scores to apply and be evaluated for use by Fannie Mae and Freddie Mac.

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A chance for consumers to 'know what the credit bureaus know'

07/12/18

Senators at a hearing Thursday discussed a bill establishing an online portal for consumers to monitor their credit reports free of cost.

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Stress for Goldman, Morgan Stanley; Can AI produce bank reports?

06/25/18

The two Wall Street firms anxiously await the second round of stress test results; Commerzbank is working on using technology to generate basic research notes.

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Banks and Credit Bureaus: Where Things Stand

06/01/18

Most lenders are staying the credit bureau course in underwriting but some are mulling changes, particularly when it comes to marketing.

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Italy fears hit U.S. bank stocks; Ken Chenault’s new venture

05/30/18

The S&P 500’s financials sector drops more than 3%; former Amex chief’s venture capital firm is backing a credit scoring company.

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What’s behind rising delinquencies on private-label credit cards

05/23/18

It’s not just weaker underwriting and higher household debt levels that are driving past-due rates to their highest levels in seven years.

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New Equifax CEO vows to keep banks in the loop

05/16/18

Mark Begor said Wednesday that banks and other customers will receive regular updates on the credit reporting agency’s efforts to improve its cybersecurity in the wake of last year’s massive data breach.

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Expanded reporting for ‘credit invisibles’ could do more harm than good

05/15/18

Supporters say pending legislation would help consumers with little or no credit history. But the bill would instead roll back key consumer protections.

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