Improving Access to Credit by Revamping FICO Scores

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...
A New Pew Report on Installment Loans

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

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

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

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...

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