As a series of compounding pressures challenge lenders heading into the back half of 2025, risk managers are becoming increasingly aware that they’re attempting to meet lending goals using credit data ...
Update: Story updated with confirmation that this was another Salesforce data theft attack and the types of data stolen. Consumer credit reporting giant TransUnion warns it suffered a data breach ...
Since lending first began, banks have always used information from customers’ accounts to determine whether they were creditworthy. But most online lenders of consumer loans and cards don’t have a ...
Lenders have traditionally turned to credit bureau data to assess affordability and risk—but that reliance is starting to change. AI-powered models are now delivering real-time, predictive insights ...
Credit reporting issues have consistently ranked among the top consumer complaints tracked by the Federal Trade Commission’s Consumer Sentinel Network. According to the FTC’s 2024 data book, reports ...
Data breaches tied to financial services companies are no longer rare, but they still hit harder when Social Security numbers are involved. In the latest incident, U.S.-based fintech company 700Credit ...
YOUR INFORMATION WITH A CREDIT FREEZE. FOLKS, IF YOU HAVE NEVER DONE A CREDIT FREEZE BEFORE, IT CAN BE OVERWHELMING. SO LET ME WALK YOU THROUGH IT. FIRST OF ALL, LET’S ADDRESS THE DIFFERENCE BETWEEN ...
From determining eligibility for a new loan to assessing financial vulnerability, credit data plays a pivotal role in financial decisions. Yet, how often do we pause and ask: How transparent is this ...
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