Improving Access to Credit by Revamping FICO Scores
← Previous Article Next Article → After years in development, the Fair Isaac Corporation (FICO) has unveiled its new credit scoring system called UltraFICO. The new system provides consumers the opportunity to modify their credit score by allowing lenders to...
Interactive Map Shows Importance of Native American Financial Institutions in Combating Credit Deserts
← Previous Article Next Article → The Center for Indian Country Development (CICD) has recently unveiled a new interactive map of Native American-owned financial institutions. The map includes the locations and asset sizes of banks, credit unions, and...
A New Pew Report on Installment Loans
← Previous Article Next Article → Pew Charitable Trusts, an organization founded on religious conviction and oil profits, has published a new report on installment loans, making the argument that state laws are putting the borrowers of these loans at risk....
CFPB Leadership Seeks to Provide Clarity around UDAAP
← Previous Article Next Article → Mick Mulvaney, acting director of the Consumer Financial Protection Bureau (CFPB), recently announced that the CFPB would issue a regulation that would provide clarity around “unfair, deceptive or abusive acts or practices,”...
The Legal Trouble Surrounding OCC’s National Fintech Charter
← Previous Article Next Article → The Office of the Comptroller of the Currency (OCC) announced on July 31 that it would begin accepting applications for national bank charters from nondepository financial technology companies engaged in banking businesses....
Banks are Making Bank on Overdraft Fees
← Previous Article Next Article → A new survey of banks finds that the average overdraft fee that banks charge customers decreased slightly from 2017 to 2018. Despite this slight drop in fees, overdraft revenue still makes up a key source of income for many...
NAFSA Executive Director Provides Keynote Address at The Gathering 2018 Business Summit
← Previous Article Next Article → NAFSA Executive Director Gary Davis provided a keynote address at the opening session of The Gathering 2018 Business Summit. Davis spoke passionately about hope, motivation, and the future of business in Indian Country....
Digital Footprints: A New Pathway in Scoring Credit?
← Previous Article Next Article → According to a new study by the Center for Financial Research (CFR) at the Federal Deposit Insurance Corporation (FDIC), a consumer’s digital footprint (i.e. whether a consumer uses an Apple or Android product, etc.) can do...
