News & Resources

The Trump administration's Regulatory Reform Agenda doesn't mention any particular laws it wants to eliminate, but does set the groundwork for future repeals. 

Artificial intelligence will enhance lenders' predictive capabilities and encourage them to collect information from alternative credit reports. 

Complicated lending processes can deter consumers from engaging you further. How can you tactfully educate them of the loan approval process? 

There are about 26 million credit invisible consumers throughout the U.S., according to a report from the Consumer Financial Protection Bureau. While these individuals represent an untapped market, engaging them in the lending process is difficult because loan officers, underwriters and others have no traditional credit data to reference in the approval process.

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.