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In a move designed to improve access to financial products for consumers with low credit scores and short credit histories, Experian, FICO and Finicity are developing an "UltraFICO" score that lets individuals share checking and savings account data and help lenders better assess risk.
October 22 -
Even as online shoppers demand the best security, they demonstrate an astonishingly low tolerance for inconvenience.
September 12 -
The charge calls into question the speed of the turnaround under CEO Brian Duperreault; the payout will be the Scottish bank’s first since the financial crisis.
August 3 -
Allowing alternative data such as rent and utility payments has bipartisan support, but some say it could create more problems than it solves.
July 30 -
As smaller screens and internet-of-things devices become more prominent, credit providers will have to find a way to accept personal information without the convenience of a terminal and keyboard.
July 30 -
Senators at a hearing Thursday discussed a bill establishing an online portal for consumers to monitor their credit reports free of cost.
July 12 -
Terms on car loans continue to lengthen in an attempt to keep monthly payments manageable for consumers, but one expert warns that at some point they're going to impact affordability.
June 4 -
Supporters say pending legislation would help consumers with little or no credit history. But the bill would instead roll back key consumer protections.
May 15Pennsylvania Utility Law Project -
Some speculate that the banks who do business with credit reporting agencies may be looking for alternatives after mounting concerns about their ability to keep information private. But breaking up is hard to do.
April 4 -
Some fear that the removal of such data from individual credit reports could lead lenders to believe a consumer is a better bet than they really are.
April 2