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Russian Credit Health Keeps Rising

FICO

Just as millions of Americans check their FICO Scores to see how their credit is doing, FICO and the National Bureau of Credit Histories (NBKI), Russia’s leading credit bureau, keep tabs on the health of Russian consumers. The base was set at 100 in July 2009, and it climbed until the end of October 2011. “The

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When Retail Fraud Is An Inside Job

PYMNTS

But the reality is that the greatest security threat facing retail companies, according to a number of recent surveys, often comes from within. The outlet shares that the furniture and home accessories seller has, since 2009, employed the practice of screening and rescreening third-party contractors in two-year intervals.

Retail 100
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Bank Customers Lose Real Money

Jeff For Banks

You've been conservative, preferring the stability and security of bank deposits versus the gyrations of the market. If a saver put $1,000 in a bank savings account on January 1, 2009, less than one month after the Fed dropped the Fed Funds rate to 0%-0.25%, and kept it in that savings account, they would have $1,091 at the end of 2020.

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A Deep Dive into the Distribution of the FICO Score Across the US

FICO

One driver of this observation is likely the FCRA-mandated seven-year purge rule for negative information, which means that missed payments reported in the 2007-2009 period (epicenter of the recession) have been dropping off of people’s credit reports. MSA 1 (City) Level View.

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Fintech Hall of Fame: The Top Digital Innovations in Financial Services

Fintech Labs Insights

I’m taking suggestions here (so far: crypto, BNPL, earned-wage access, chatbots, deposit networks).

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The Perfect Credit Score: Understanding the 850 FICO Score

FICO

Typically, most lenders do not require an individual to have the highest credit score possible to secure the best loan features. That compares to 0.98% in April 2014 and 0.85% in April 2009. of the credit being extended. As of April 2019, about 1.6% of the U.S. scorable population had an 850 FICO® Score.

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The Niche Bank

Jeff For Banks

Me to a community banker: Why don't you offer more options than real estate secured lending to help fund early stage businesses? Interestingly, Kelly started what would end up being EnerBank at Baltimore's First National Bank of Maryland (now M&T Bank ), a former employer of mine in the mid 1990's. Before thinking "a-ha!",