Race and Credit Scores: It is a Social Issue, not a Scoring Issue
Any lender worth their salt does not care about race, religion, national origin, sexual orientation, or marital status. Lending is ...
Tag: Credit Score
The FICO Score and Alternative Data: Opening the Sales Funnel Is One Thing, Mitigating Risk Is Another
To build on an earlier article unpacking a new Mercator Advisory Group white paper, Credit Scoring, Fintech, and Consumer Loans: ...
FICO Scores: From Industry Invention to Future-Proof Independent Metric
To unpack a new Mercator Advisory Group white paper released this week, Credit Scoring, Fintech, and Consumer Loans: Why AI ...
CFPB: Are Late Fees to Offset Delinquency Costs, or for Revenue?
Pricing credit cards is often an art as much as a science. The card issuer faces the challenge of being ...
Upstart or Downstart: Homegrown Scores Dampen Investor Confidence
There is plenty of talk about fintech Upstart’s recent stock performance, which closed at $37.46 per share on May 16, ...
Why Banks Will Prosper from New BNPL Regulations
Imagine the Buy Now Pay Later (BNPL) industry as a car accelerating as the market grows. But the problem with ...
Klarna to Send Credit Reports to UK Agencies
Credit agencies in the United Kingdom will begin receiving reports from leading Buy Now, Pay Later vendor Klarna in a ...
Consumer Asset-Based Loans: Are Fintechs Pennywise & Pound Foolish?
When a consumer goes to borrow, whether it be a credit card or loan, there is a basic assumption that ...
Credit Card Late Fees: Much Ado About Nothing, or a Bigger Social Issue?
The CFPB published a report on late fees derived from credit cards. There are few surprises. The short takeaway is ...
Get Secured with Credit: New BoA Card Creates a Small Business Option
There are plenty of discussions these days about financial inclusion, but lenders must think twice before lowering standards to embrace ...
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