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Category: Credit


Capital and Risk, Credit

How bankruptcy, civil judgments and tax liens affect your credit report

January 16, 2020

Via: Market Watch

Since the National Consumer Assistance Plan went into effect in 2017, public records must meet strict requirements to appear on consumer credit reports. Civil judgments and tax liens do not meet these new requirements, so they were removed from credit […]


Capital and Risk, Credit

Credit scores in America just hit a record high — now for the bad news

January 15, 2020

Via: Market Watch

Americans’ credit scores continue to improve. But credit scores don’t tell the whole story of how consumers are faring financially. A new report from Experian EXPN, +1.46% found that the average FICO Score in the U.S. reached an all-time high […]


Capital and Risk, Credit

Mortgage rates drop amid simmering tensions with Iran

January 9, 2020

Via: Market Watch

As investors sought safety in the bond market as a potential conflict with Iran emerged this past week, mortgage rates dropped to their lowest level since October. The 30-year fixed-rate mortgage averaged 3.64% during the week ending Jan. 9, down […]


Capital and Risk, Credit

How Can Banks Bring Business Credit and Lending Services into the 21st Century?

January 2, 2020

Via: Finextra

The history of credit and lending to business customers dates right back to Mesopotamia when the very first payday loans were used by farmers and the code of Hammurabi defined how the interest charged on silver loans was to be […]


Capital and Risk, Credit

Big banks feel pressure to compete with digital lenders: S&P

December 30, 2019

Via: Bank Innovation

The past year saw digital lenders enhance their product suites beyond credit, as big banks focused on adding features to their digital platforms to keep customers in their ecosystems, S&P Market Intelligence reported in a December research note. Lenders move […]


Capital and Risk, Credit

The Federal Reserve wants make it easier to approve personal loans

December 6, 2019

Via: Market Watch

It could become easier for some personal-loan applicants to secure a loan after federal regulators announced this week that they encourage the use of “alternative data” in credit underwriting standards — so long as it’s done responsibly. The Federal Reserve […]


Capital and Risk, Credit

Black student loan borrowers are more likely to struggle repaying their debts — here’s why

November 21, 2019

Via: Market Watch

The country’s $1.5 trillion in student loan debt can weigh heavily on some borrowers, sidetracking plans for home ownership and stunting careers while they pay off loans. That debt is especially burdensome for black borrowers, according to new data from […]


Capital and Risk, Credit, Regulations

Apple Card faces investigation over sexist credit limit claims

November 11, 2019

Via: Finextra

On Friday, David Heinemeier Hansson, a prominent technology entrepreneur, complained to his 355,000 Twitter followers that the Apple Card is “such a fucking sexist program” because its “black box algorithm thinks I deserve 20x the credit limit she [his wife] […]


Capital and Risk, Credit

Mortgage rates fall after increasing for three straight weeks

November 7, 2019

Via: Market Watch

Mortgage rates dropped in the past week after rising in six of the last nine weeks, including most of the month of October. The 30-year fixed-rate mortgage averaged 3.69% during the week ending Nov. 7, down three basis points from […]


Capital and Risk, Credit

After the brokerage commission wars, interest rates may be the next finance battleground

October 22, 2019

Via: CNBC

After shaking up trading commissions, fintech companies are looking at a new Wall Street area to disrupt: interest rates. A wave of fintech companies are now offering a 2% or higher rate, which is more than 20 times the national […]