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Ally Financial's recently announced $2.65 billion cash-and-stock deal for CardWorks, which offers unsecured credit cards among other products, places a high price tag on a traditionally risky product.February 21
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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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The six bills championed by Democrats aim to reduce consumer burdens and provide opportunities for borrowers to rehabilitate their credit, but the legislation has garnered no Republican support.January 28
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The changes will mean a bigger gap between the best and worst borrowers; the bank will require companies they take public to have a ‘diverse’ board member.January 24
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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 14
Chairman, President & CEOCross River Bank -
Testing shows an overreliance on machine learning data can unfairly harm credit scores.December 12
Vice President of Scores and Predictive AnalyticsFICO
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Banks will not have to file reports on customers just because they're in the hemp business; making it easier for people with no credit history to get loans.December 4
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The credit bureau will consider borrowers’ rental payment history and professional licenses; bank looks to build business on the other side of the Atlantic.November 7
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Readers react to Regions Financial's plan to replace its core deposit system, a House bill meant to curb jobs moved overseas, a resurgence of consumer complaints against the credit bureaus and more.October 24
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Freddie Mac's test of artificial intelligence to make lending decisions could be a significant turning point in broadening the use of the technology.October 2
