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A TransUnion study revealed that approximately 26.5 million consumers, who previously could not be scored, can be effectively scored using a new risk model.
March 5 -
The Federal Trade Commission is launching two new robocall contests challenging the public to develop a crowd-source honeypot and better analyze data from an existing honeypot.
March 5 -
The subprime consumer lending business is booming. But lenders that think they have the risk-based pricing model figured out may be in for a rude awakening.
March 5
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When the government owns banks, lending decisions tend to be driven by politics rather than economics. Resources flow to those with influence and banks under-price risk in order to appeal to voters. That's bad news for everyone.
March 5 -
FCB Financial Holdings in Weston, Fla., has terminated its loss-share agreements with the Federal Deposit Insurance Corp.
March 5 -
Banks process billions of dollars in international remittances, and the business is growing. But complex competing forces namely anti-laundering rules and pressure from humanitarian groups make the decision to stay in the business a difficult one.
March 5
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More than half of borrowers with home equity lines of credit that will reset this year have seriously underwater properties, and that risk is likely to grow further next year.
March 5 -
As a bank customer, I am trained to avoid fees at all costs. I diligently maintain a minimum balance in my accounts, pay my credit card bills weeks ahead of time and plan my day around getting to a bank-owned ATM to avoid surcharges.
March 5
Arizent
