FICO

Don’t ditch disparate impact

03/04/20

Attempts to rewrite the method for determining unintended discrimination in housing should not bleed into fair-lending laws.

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Machine learning’s promises, pitfalls

12/12/19

Testing shows an overreliance on machine learning data can unfairly harm credit scores.

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What FICO sees through its window into fraud

11/11/19

Doug Clare explains how the organization uses artificial intelligence to spot crime rings and skimmers.

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Backlash against rule tying immigration cases to credit history

08/21/19

The Trump administration’s “public charge” rule would add credit reports to factors that could be used to deny legal residency, but critics say credit scoring was never intended for that purpose.

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FHFA reverses course, will let VantageScore pitch model to GSEs

08/13/19

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

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Equifax, FICO join forces to give banks one-stop analytics product

03/27/19

The new cloud-based solution is intended to help financial institutions make quicker credit decisions by integrating consumers’ histories with advanced software.

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Lower FICOs, higher DTIs prompt a change in FHA loan underwriting

03/18/19

The Federal Housing Administration is returning to manual reviews of higher-risk loans it insures because it's finding that a growing share have lower credit scores, higher debt-to-income ratios, or both.

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Can AI’s ‘black box’ problem be solved?

12/31/18

Bank technologists see the potential for AI in lending, money laundering detection, fraud and other areas. Regulators and bank executives insist on “explainability.”

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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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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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