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 ...
Tag: Credit Score
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 ...
BNPL CFPB Reports: Will Line Items Look like CCs or Installment Loans?
Today, the WSJ reports that Buy Now, Pay Later updates will begin at Equifax, with Experian and TransUnion soon to ...
Onboarding BNPL Borrowers to Credit Bureaus: Great Play by TransUnion
The chicken and egg issue about credit is that you need credit to get a credit score, but it is ...
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