The use of expanded Fair Credit Reporting Act (FCRA) – or alternative – data has continued to gain popularity among lenders and financial institutions. Today’s volatile economy, exacerbated by financial disparities created by the pandemic, has highlighted the importance of financial inclusion and credit availability for unbanked and underbanked consumers.
Join Experian experts Alpa Lally, Vice President of Data Business, and Michelle Cocchiarella, Analytical Consultant, explore how FCRA data can benefit lenders of all sizes, improve financial access for consumers and reveal what lift it can offer when augmented with traditional credit data.
What we’ll cover:
- How leveraging FCRA data can provide a more holistic view of a consumer’s credit profile and behavior beyond financial services, leading to smarter, more informed lending decisions
- How expanded FCRA data is being used throughout the lending lifecycle
- Walk through a loan origination auto use-case
- Experian’s vision and strategy for FCRA data and ways to extend and improve the methods by which lenders evaluate borrowers’ risk
The use of expanded Fair Credit Reporting Act (FCRA) – or alternative – data has continued to gain popularity among lenders and financial institutions. Today’s volatile economy, exacerbated by financial disparities created by the… Read the rest
The House Financial Services Committee held a hearing earlier this week entitled, “A Biased, Broken System: Examining Proposals to Overhaul Credit Reporting to Achieve Equity,” which examined the following three legislative proposals:… Read the rest
AFSA’s State Government Affairs Team recently published a white paper covering payday lending databases. The paper highlights state efforts to create databases of outstanding loans for payday lenders and the issues associated with these… Read the rest
The 2020 Annual Meeting and Independents Conference & Expo opened on the sunny beaches of Aruba with a yoga session brought to us by Wells Fargo. Keynote speaker, Kristen Soltis Anderson, analyzed the 2020 political landscape and gave… Read the rest
AFSA’s state government affairs team recently testified in front of the Nevada Financial Institutions Division regarding draft rules for two bills that were passed last legislative session. Matt Kownacki, Director of State Research and… Read the rest
There’s still time! AFSA has put together a stellar program that features great keynote presentations, engaging breakouts and fun, interactive networking events, like wine tasting and pub trivia. The conference will also feature… Read the rest
Register today for AFSA’s virtual conference, which opens Tuesday, October 6th and runs through Thursday, October 8th. Each day’s sessions run from 11 a.m. to 2 p.m. ET, and feature compelling keynotes, informative and interactive breakout… Read the rest
Join “lightning round” conversations on a range of topics that the consumer credit industry is facing. Each virtual roundtable is live and allows for video or audio discussions with presenters.
- Fair Lending & Modeling, presented by
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This week, the American Financial Services Association (AFSA) sent a letter to the House Committee on Oversight and Reform to share its perspective on recent trends in regulation and regulatory reform. AFSA shares Congress’ views that … Read the rest
Ancillary Product Working Group
- Purpose – Reviews litigation and state and federal regulatory issues regarding ancillary products in all business lines (credit insurance, debt cancellation agreements, GAP agreements, extended
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