Remove FDIC Remove Innovation Remove Lending Remove White Paper
article thumbnail

Expanding Access to Credit Through Alternative Data

FICO

I recently had the opportunity to participate in a virtual event hosted by the Urban Institute entitled Financial Inclusion: Lessons Learned and What’s Next for Innovations in Alternative Credit Data. The use of this type of alternative data for credit scoring and, ultimately, consumer lending is promising for several reasons.

Data 52
article thumbnail

California Department Of Financial Protection And Innovation files cross-complaint alleging OppFi is “true lender” on loans made though bank partnership and seeking penalties of “at least $100 million”

CFPB Monitor

At the end of last year, we completed a months-long project in updating and expanding a 2017 White Paper addressing bank-model lending—programs involving partnerships between banks (or savings associations) and fintech or other nonbank companies in the interstate delivery of loans.

article thumbnail

Finovate Fall 2016 Live Blog – Day 2

William Mills

Auto-financing is ripe for innovation. International lending platform – Create opportunities for Investors. 2015 formed aspire to address inefficiencies in alternative lending market. 10:50 am Moonraft Innovation Labs – [link] – @moonraft. Average return of 13% per year. Regulated Financial Institution.