Credit Scores Explained: Why Yours May Differ and Which One You Should Focus On

No two credit scores are the same, even if they belong to the same person. That's because the financial industry uses different scoring models for different purposes. FICO and VantageScore are most ...
WITN

Local credit experts explain new, approved credit score model

GREENVILLE, N.C. (WITN) - Government-backed mortgage giants Fannie Mae and Freddie Mac are now allowed to accept a different credit score that considers rent and utility payments. While FICO credit ...
Fox Business

Millions to receive credit scores under new models, but expert warns of approval trap

New credit scoring models rolling out across the mortgage industry could dramatically increase the number of Americans who receive a credit score — but experts warn that borrowers shouldn’t confuse a ...
JD Supra

CFPB Highlights Fair Lending Risks in Advanced Credit Scoring Models

Last week, the Consumer Financial Protection Bureau (CFPB or Bureau) released its latest Supervisory Highlights report, focusing on the use of advanced technologies in credit scoring models. This ...

Beyond the Black Box A Framework for Explainable AI (XAI) in Credit Scoring

In the United States: The Equal Credit Opportunity Act (ECOA) and the Fair Credit Reporting Act (FCRA) require lenders to ...