A new guide details how credit unions now offer private student loans through direct origination, fintech-powered platforms, or referral marketplaces. These evolving structures coincide with growing ...

Access to financial support, including loans, can present challenges for many consumers. For many potential borrowers, ...

The idea of letting artificial intelligence models make lending decisions was once considered risky and prone to error, discrimination, bias, "black box" style obfuscation and lack of explainability.

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 ...

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 ...

Carlo Kobe is the CEO and cofounder of Fizz, helping tens of thousands of college students on their path to financial independence. It was only in 1989 when FICO worked with national credit bureaus to ...

Efficiency is the name of the game in banking. Itʼs amazing, then—and not in a positive way—that banks' use of lending technology is lacking. For all the hype in the press about artificial ...

FICO said on Monday that it is going to incorporate buy now, pay later (BNPL) data into credit scores as the payment method surges in popularity. The FICO Score 10 BNPL and FICO Score 10 T BNPL will ...

The FHFA announcement directs Fannie Mae and Freddie Mac to permit lenders to choose between two approved credit score models – Classic FICO and VantageScore 4.0 – for loans sold to Fannie Mae and ...

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 ...

Morningstar Credit Analytics, a wholly owned subsidiary of Morningstar, Inc. (Nasdaq: MORN), today launched a suite of enhancements to its commercial mortgage-backed securities (CMBS) and commercial ...

Some providers like Universal Credit, Upgrade and LendingClub might lend to borrowers with fair credit, but borrowing costs ...