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Lenders need to use alternative data as an overlay to traditional underwriting methods to help creditworthy customers in hardship because of the coronavirus crisis.July 24Chief Executive OfficerMeasureOne
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Congress should pass legislation authorizing use of nontraditional data sources to make credit more available to consumers who’ve taken a hit from the coronavirus pandemic.May 19Chief Legal OfficerRemitter USA and meldCX
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Attempts to rewrite the method for determining unintended discrimination in housing should not bleed into fair-lending laws.March 4Executive DirectorMarketplace Lending Association
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Kaustav Das was part of Kabbage’s effort to transform small-business lending by using new data analytics, and the CEO of Petal wants him to help it do the same in consumer credit cards.February 4
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Want to level the playing field with big banks and fintechs in the year ahead? Here's where to start.January 14VP of business developmentFINSYNC
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Regulators are beginning to recognize the importance of using alternative data to provide credit for the underbanked. Now is the time to expand its use across the industry.January 14Chairman, President & CEOCross River Bank
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Financial regulators’ statement cautiously encouraging lenders to go beyond traditional underwriting in their lending decisions is a big step forward for the use of alternative data and artificial intelligence, bankers say.December 16
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Casting aside recession fears, the credit bureau predicts credit cards, mortgages, auto loans and unsecured personal loans should all perform well — including those extended by online lenders.December 12
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Casting aside recession fears, the credit bureau predicts credit cards, mortgages, auto loans and unsecured personal loans should all perform well — including those extended by online lenders.December 12
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Alternative data "may improve the speed and accuracy of credit decisions and may help firms evaluate the creditworthiness of consumers," the agencies said.December 3