Last week, the Consumer Financial Protection Bureau (CFPB or Bureau) released its latest Supervisory Highlights report, focusing on the use of advanced technologies in credit scoring models. ...more
Traditional credit underwriting methods, which are generally based on credit reports, have not always successfully captured the full picture of a borrower’s ability to repay. It is estimated that more than 45 million US...more
The Federal Deposit Insurance Corporation’s Center for Financial Research recently issued a research paper that looks into whether the digital footprint – information that people leave online simply by accessing or...more