Morning Scan: New Credit Score for the Underbanked; Ex-Chargers Line...

Wall Street Journal

Fair Isaac is developing a new credit score that's aimed at the millions of people who currently don't have credit scores and are cut off from auto loans, credit cards and mortgages. About 53 million Americans are now unable to qualify for most types of bank-issued consumer credit because they don't have a credit history. The product "is largely a response to banksÂ' desire to boost lending volumes by increasing loan originations to...