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CFPB Seeks Help in Tackling Thin-, No-File Challenge

“Having access to high-quality, affordable credit is a critical component of financial health, yet millions of Americans lack this access because they haven’t used enough credit to be scored by the traditional scoring models,” Rob Levy, managing director at the Center for Financial Services Innovation, tells Paybefore. “New data sources and underwriting algorithms offered by […]

Thursday, February 16, 2017

“Having access to high-quality, affordable credit is a critical component of financial health, yet millions of Americans lack this access because they haven’t used enough credit to be scored by the traditional scoring models,” Rob Levy, managing director at the Center for Financial Services Innovation, tells Paybefore. “New data sources and underwriting algorithms offered by fintech startups and established players alike are changing the game.” Read the full article here >>>