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Consumer advocates and fintechs say the traditional credit score and lending systems that use it are murky and perpetuate bias. FICO’s leader points out that new FICO scores use expanded data sets, just as fintechs do.
April 4 -
The U.S. is poised for recession most likely in 2023 and bank stocks are expected to fall behind the broader market, according to 525 respondents to the Markets Live weekly survey.
April 4 -
The company provides incentives through the online statements of many large card issuers — but it faces more competition than ever from fintechs and "super apps." To stay in the game, Cardlytics is scooping up more data to sharpen its pitches.
April 4 -
Barclays is developing a global private credit strategy, according to several people familiar with the situation, seeking to take part in the fast-growing $1.2 trillion asset class.
April 4 -
The bank plans to separate the two roles “upon the next CEO transition,” it said in a proxy statement Monday.
April 4 -
Mutual institutions, long pillars of underserved communities, now face insurmountable barriers to entry.
April 4
Locke Lord -
JPMorgan Chase will have to face claims that it made 160 unwanted calls to a cardholder in violation of federal law, a federal judge in Pennsylvania said.
April 4 -
Vernon Hill, Ellen Alemany and Joseph Otting are among the executives whose careers took a turn after their company was acquired. Here’s a look at what eight CEOs did after their time atop a bank ended.
April 3 -
It began as an app for teens, but Current had its eye on cryptocurrency-related services from the start. The goal is to improve on the products it offers customers, such as above-market interest rates.
April 1 -
Visa is planning a raft of changes to rules for gas stations to allow larger transactions after a surge in fuel prices across the U.S. made it hard for some drivers to fill up using credit cards.
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