borrowers

CFPB Says Lenders Must Explain AI-Driven Credit Denials

CFPB Says Lenders Must Explain AI-Driven Credit Denials
CFPB Says Lenders Must Explain AI-Driven Credit Denials
September 19, 2023  |  Regulation

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. Get the Full Story Complete...

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CFPB: 44% of Student Loan Borrowers Getting New Providers
CFPB: 44% of Student Loan Borrowers Getting New Providers
July 30, 2023  |  Consumer Finance

When student loans resume this fall, many borrowers will send payments to new providers. Get the Full Story Complete the form to unlock this article...

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Regulators Support Alternatives To Assess Creditworthiness
Regulators Support Alternatives To Assess Creditworthiness
December 04, 2019  |  Regulation

Federal banking regulators support using alternative methods to assess creditworthiness to help high-risk people get loans, The Wall Street Journal (WSJ) reported on Tuesday (Dec....

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LendingClub Broadens Access To Credit With Select Plus Platform
LendingClub Broadens Access To Credit With Select Plus Platform
August 06, 2019  |  Loans

To broaden access to responsible credit with additional models, LendingClub has announced the rollout of its Select Plus Platform. The offering opens the company’s marketplace...

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New Global Standards Aim To Boost Green Lending
New Global Standards Aim To Boost Green Lending
March 25, 2019  |  Loans

U.S. companies are far behind companies in Europe when it comes to issuing sustainability-linked loans, reported Reuters. Get the Full Story Complete the form to...

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Lawmakers Mull Overhaul Of Student Debt System
Lawmakers Mull Overhaul Of Student Debt System
February 14, 2019  |  Regulation

A proposed law aims to completely overhaul the student loan system by having monthly bills automatically deducted from borrowers’ paychecks. Get the Full Story Complete...

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