It is common knowledge that large volumes of data are being constantly generated and a good portion of this can be used to better understand a potential borrower. This profusion of data has only provided greater depth and reach to …
LexisNexis® Risk Solutions recently presented with Filene on how credit unions can use big data to fuel growth and profitability.
Alternative data adds insight into the credit risk of full file borrowers allowing lenders to more accurately predict delinquency and price more competitively
The bureaus have taken action on another piece of their National Consumer Assistance Plan (NCAP) by removing lien and judgment records that they could not accurately link.
Use of alternative credit data can increase minority approval rates.
The CFPB has a positive outlook on alternative data and wants to know more about its effects on consumers with little or no credit.
Credit union directors across the country are looking for ways to stand out in their markets by returning to the foundational philosophy of the movement to serve underserved borrowers. While many directors see great opportunity in this initiative, management teams …
When reflecting on your previous year, like most people, you probably start inwardly. Did you achieve your personal goals? Family goals? Career goals? Then we expand to the macro – how did your company perform? Your Clients? Your Industry? Your …
I’ve frequently discussed how to improve the financial health of the 53 million Americans who do not have access to traditional, mainstream credit. In previous articles, I’ve explored the credit invisibles as a group, as well as concerns over predatory …
We have been pursuing the topic of Financial Health with a necessary focus on the underserved, unbanked and credit invisibles. A critical aspect of Financial Health involves an understanding of what data components are represented in credit scores used today. …