Last week, the Consumer Financial Protection Bureau (CFPB or Bureau) released its latest Supervisory Highlights report, focusing on the use of advanced technologies in credit scoring models. This ...

Federal housing agencies are adopting VantageScore 4.0 and FICO 10T, marking the first major update to mortgage credit scoring in decades. The change allows lenders to consider rent, utility payments, ...

Having spent over 2 decades in banking and financial services, I have seen how financial models evolve, but never at the speed seen today. AI is reshaping credit risk assessment, offering a more ...

In much of the West, access to credit is taken for granted. Banks rely on long credit histories, stable wages, and government datasets to determine who qualifies for loans. But for billions of people ...

New credit scoring models rolling out across the mortgage industry could dramatically increase the number of Americans who receive a credit score — but experts warn that borrowers shouldn’t confuse a ...

Some private lenders are using real-time and alternative data to help inform a potential borrower's risk profile.​ ...

Credit has long been the passport to economic opportunity. Yet over 26 million Americans have no credit history, limiting their access to mainstream financial products and forcing reliance on costly ...

AI systems built to assess creditworthiness are trained on data that implicitly accepts past discriminatory lending decisions as legitimate signals about borrowers today, writes Deon Crasto, of ...

New credit score models assess the creditworthiness of aspiring homebuyers who are often overlooked by more traditional systems.

What does it take to get the perfect 850 FICO score? We looked at one credit report to see components make up that number on ...