ABA, trade groups weigh in on FHFA’s proposed credit score modernization effort
Under the proposal, Fannie Mae and Freddie Mac would replace the current FICO credit score model with the FICO 10T ...
Tag: Credit scoring
Thompson: Updated pricing framework doesn’t penalize borrowers with higher credit scores
Thompson emphasized that “under the new pricing framework, borrowers with strong credit profiles are not being penalized to benefit borrowers ...
FHFA seeks input on rollout of new credit score models
With the Federal Housing Finance Agency working to replace the classic FICO credit score model with the FICO 10T and ...
CFPB issues guidance on removing false data from credit reports
The Consumer Financial Protection Bureau today issued guidance to consumer reporting companies about their legal obligation to screen for and ...
ABA opposes overdraft bill, calls credit report bill flawed
The American Bankers Association is asking House Financial Service Committee members to oppose two bills that would rewrite federal rules ...
Financial trades urge FHFA to engage with industry on credit scoring proposal
As the Federal Housing Finance Agency considers how to transition to a new credit score model or models—as required by ...
OCC Working With Tech Firms on Credit Score Alternatives
OCC is working to find nontraditional ways to establish a good credit history for those with no credit.
When Can My Bank Cease Compliance with the Remittance Transfer Rule?
. . . and other questions from the ABA Regulatory Policy and Compliance Inbox for November/December 2020.
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.
Walking ‘In Someone Else’s Shoes’
Santander Bank is helping to bring awareness to domestic abuse. In particular, the bank is helping victims to overcome two ...
SPONSORED CONTENT
