(source: en.wikipedia.org)
Nova Credit has introduced its Nova Credit Platform, which is aimed at transforming how lenders manage and analyze consumer credit data. This new platform provides a means...
American lenders have loaned so-called “shadow banks” more than $1 trillion, and regulators are worried. That’s according to a report Saturday (Feb. 10) by the...
The Consumer Financial Protection Bureau (CFPB) has released guidance for lenders who utilize artificial intelligence (AI) and complex models in their credit decision-making processes. The guidance emphasizes the need...
Amid the current cost of living crisis in the United Kingdom, some commercial lenders have joined forces with the British government to offer interest-free loans...
With change comes challenge, but with challenge comes opportunity. As 2023 marches on, much of the initial doom and gloom-fueled skepticism around how the year...
Experian has expanded its real-time income and employment verification offering. The enhancement enables consumers to provide permissioned access to their payroll accounts and share information...
As inflation rises and recession looms, consumers are anxious about their finances. With 48% of consumers less likely to take out a loan since interest...
LendingClub’s latest results, in the words of CEO Scott Sanborn, tell a story of “two halves” of 2022 as interest rates continue to soar: The...
As it aims to bolster methods of market exit and risk disposal for institutions that loan money, the central bank of China introduced a draft...