The Science of Lending Leads: Mining Alternative Data in a New Mortgage Marketing Universe
Banks can become less reliant on third-party lead aggregators and reduce their cost of acquisition by better using what they ...
Tag: Consumer lending
Fed Survey Shows Further Stabilization in Q4 Credit Practices, Demand
Loan demand and standards for lending continued to stabilize in the fourth quarter of 2020 after the economic freefall caused ...
Closed-End Delinquencies Drop in Q2, Q3 2020
Consumer credit delinquencies declined in eight out of 11 closed-end loan categories in the second and third quarters of 2020 ...
Fed Survey: Loan Demand, Standards Begin to Stabilize
Loan demand and standards for lending began to stabilize in the third quarter after demand weakened and standards tightened during ...
CFPB: About 6% of Mortgage Borrowers Receiving Coronavirus Relief
Around 6% of outstanding first-lien mortgages in June 2020 were reporting zero payment due based on credit bureau data, up ...
Closed-End Delinquencies Rise in Q1 as Pandemic Began
Consumer credit delinquencies rose in all 11 closed-end loan categories in the first quarter of 2020 as the coronavirus pandemic ...
ABA Welcomes CFPB’s Reg Z Libor Transition Proposal, Recommends Tweaks
With the London Interbank Offered Rate relied on by many banks not guaranteed to be available after 2021, ABA and ...
Fed Survey: Loan Demand Plummets in Second Quarter
As the U.S. economy dove deeper into recession amid the coronavirus pandemic in the second quarter, more than half of ...
OCC Issues Long-Awaited ‘True Lender’ Proposal
In a long-awaited move, the OCC today issued a proposal establishing a “clear test” to determine when a bank making a loan is ...
CFPB Study Finds Mixed Results for ‘Credit-Builder’ Loans
The Consumer Financial Protection Bureau today released a study of the effects of so-called credit-builder loans on credit scores.
