How Structural Racism Plays a Role in Lowering Credit Scores
Credit scores were designed to prevent lending discrimination, but some experts argue that the credit scoring system is still deeply flawed.
Source: nbclosangeles.com
Page 14 - Chi Wu News Today : Breaking News, Live Updates & Top Stories | Vimarsana
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Overdraft fees again land Regions in hot water with CFPB
The Alabama bank must pay $191 million in connection with charges it levied on customers whose account balances went negative before a transaction was posted. Seven years ago, the CFPB imposed a $7.5 million overdraft-related fine on Regions.
Source: americanbanker.com
HSBC deploys tech that helps it bank immigrants
The London bank is working with Nova Credit to accept immigrants' credit histories from their home countries. It also invested $10 million in the company.
Source: americanbanker.com
'We're trying to fight rhetoric with fact': Group defends online lenders
A new group called MoreThanFair aims to establish the lines between fair and unfair lending, to set best practices for the use of AI in lending and to lessen the stigma of fintech lenders.
Source: nationalmortgagenews.com
'We're trying to fight rhetoric with fact': Group defends online lenders
A new group called MoreThanFair aims to establish the lines between fair and unfair lending, to set best practices for the use of AI in lending and to lessen the stigma of fintech lenders.
Source: americanbanker.com