How alternative credit data can help enterprises achieve fair lending
Jan 30, 2017 Walt Wojciechowski
The 2008 recession put financial institutions under the microscope. Consumers are quick to judge FIs for both real and perceived transgressions, and organizations such as the Consumer Financial Protection Bureau aren't afraid to pursue companies accused of violating fair lending laws.
Is it time for GSEs to use a different credit scoring model?
Jan 04, 2017 Walt Wojciechowski
Fannie Mae and Freddie Mac have been using credit scoring models from Equifax, TransUnion and Experian when assessing mortgages for some time. However, those models, all of which are based on the FICO score, prevent approximately 45 million
How does alternative credit data fit into Fintech 2.0?
Dec 30, 2016 Sean Albert
Peer-to-peer lending, automated investing and new forms of retail banking defined Fintech 1.0. The movement expanded consumer choice, but it did not dismantle and rebuild the financial services industry. However, that's just what Fintech 2.0
3 financial benchmarking tactics hospitals should use in 2017
Dec 27, 2016 Philip Burgess
Between federal regulations and high administrative costs, hospitals are operating on tight margins. Some even in the red. For example, according to the Pennsylvania Health Care Cost Containment Council, the state's 171 general acute care facilities
Alternative credit data helps lenders expand small business portfolios
Dec 14, 2016 Philip Burgess
Acquiring access to credit remains a persistent challenge among financially responsible small business owners. According to a report from BI Intelligence, lenders walked away from approximately $96.5 billion worth of loans in the fourth quarter