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Federal Housing Finance Agency Director Bill Pulte should direct the agency to examine credit scoring models based on cash flow as a complement to existing systems.
7h ago -
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The Columbus, Ohio-based regional bank also benefited from strong performances by several legacy business lines, including auto, mortgages and SBA lending.
July 18 -
Private mortgage insurers must accept the FICO alternative as valid collateral before it can be widely adopted by the mortgage industry.
July 18 -
A federal judge in Texas dismissed the Consumer Financial Protection Bureau's medical debt rule and prohibited states from passing their own laws prohibiting medical debt on credit reports.
July 11 -
The move their regulator Bill Pulte announced introduces competition for one metric but charges from three credit bureaus will remain in place.
July 8 -
An error in data submitted to the Consumer Financial Protection Bureau about consumers with no credit record — known as "credit invisibles" — has skewed the agency's reports, showing that the number of Americans without credit histories is half what it was thought to be.
June 26 -
Many young people begin their journey into adulthood without a solid grounding in the basics of personal finance. Banks and other financial institutions are in a unique position to provide that knowledge.
June 25 -
Although credit bureaus have collected this data for three years, it's only now being factored into assessments of consumer creditworthiness.
June 23 -
The credit bureau is working with Plaid to provide lenders with current and predictive cash-flow data for consumers that don't have an extensive credit record.
June 20