What are the biases that might exist in alternative credit scoring models?

Nov 29, 2021 ... ... loan and how much they should pay. This so-called alternative credit scoring could have profound effects for consumers, many of them ... Our credit scoring platform offers a frictionless experience that fits with you and your customers' digital lifestyle. Our independent credit scoring API ... Profit scoring systems, such as the one proposed in the paper, can help lenders to decide their fund allocation. Lenders may select loans to maximize the ... Oct 26, 2022 ... FHFA began to explore new models in 2014 and submitted a request for information on alternative credit scores in 2017. In 2018, Congress ... NAR supports competition in credit scoring and alternative credit scoring models aimed to responsibly expand mortgage credit for millions of hardworking ... VantageScore is a leading credit-score model development company that generates the most inclusive, innovative and predictive models used in the ... Mar 19, 2024 ... ... credit score and most recent tax returns and bank statements,” wrote Funding Circle. However, alternative lenders provide small loans with ... Oct 29, 2024 ... Telecom Alternate Credit Scoring: Harnessing AI/ML for Enhanced Risk Management · 1. Identifying Potential Bad Debt Situations: It enables ... Feb 10, 2025 ... OJK Issues Long-Awaited Regulation on Alternative Credit Scoring ... Indonesia's Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) has ... ... Credit Score Models by Fannie Mae and Freddie ... CAGW Joins Coalition to Support FHFA Rule on Alternative Credit Score Models. Agency Comments. March 21, 2019. Alfred M. Pollard, General Counsel