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FICO Integrates Buy Now, Pay Later Loans Into Credit Scoring Models

FICO, the creator of America's most widely used credit-score system, will begin factoring Buy Now, Pay Later (BNPL) loans into select credit-scoring models later this year. The company released a ...
JD Supra

CFPB Highlights Fair Lending Risks in Advanced Credit Scoring Models

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 ...
ABC7

What you need to know about Buy Now, Pay Later loans soon impacting credit scores

Hundreds of millions of 'Buy Now, Pay Later' loans will soon affect credit scores for millions of Americans who use the loans to buy clothing, furniture, concert tickets, and takeout. Scoring company ...

6 Smart Ways To Get Approved for Loans and Credit Cards with a Low Credit Score

Lenders now approve more low-credit applicants using cash-flow underwriting, alternative data, updated scoring models and ...
CNET

'Buy Now, Pay Later' Plans Will Start to Impact Your Credit Score Later This Year. Here's How

Evan Zimmer has been writing about finance for years. After graduating with a journalism degree from SUNY Oswego, he wrote credit card content for Credit Card Insider (now Money Tips) before moving to ...
JD Supra

FHFA’s Credit Score Models and Reports Initiative

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 ...
U.S. News & World Report

Will VantageScore 4.0 Boost Mortgage Access?

VantageScore 4.0 is approved for conforming mortgages sold to Fannie Mae and Freddie Mac. The credit-scoring model uses alternative data, including trending credit card usage and payments for rent and ...