What are the data governance frameworks needed for responsible use of alternative credit data?

Jan 20, 2021 ... An alternative form of credit scoring is being used successfully in emerging markets, as data on consumer consumption is rich because ... Jan 26, 2023 ... Alternative credit scoring models incorporate alternative credit data* that isn't typically found on consumer credit reports. These scores aren' ... Feb 16, 2017 ... In the consumer financial marketplace, alternative data refers to information used to evaluate creditworthiness that is not usually part of a ... Jun 10, 2020 ... These innovations reflect the continuing evolution of automated underwriting and credit score modeling, offering the potential to lower the cost ... By: Chi Chi Wu, Carolyn Carter. June 1, 2022 — Issue Brief. Credit scores reflect dramatic and troubling disparities by race. For instance, a 2019 study by ... Alternative credit data looks beyond traditional credit data, which typically focuses on long-established credit activities. These expanded credit insights, ... In 2017, the Consumer Financial Protection. Bureau (CFPB), issued the request for. “Information Regarding Use of Alternative Data and Modeling Techniques in ... ... 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 Mar 21, 2022 ... MO Technologies Chooses Esri's ArcGIS Platform to Support Alternative Credit Scoring Tool ... The product also works in tandem with MO Score, the ... Feb 12, 2025 ... Discover how alternative data enhances credit scoring, helping lenders to better assess creditworthiness and predict defaults.