What legal and ethical considerations surround alternative credit scoring?

May 5, 2009 ... ... alternative credit-based insurance scoring model that would not have such an effect among racial and ethnic groups. insurance credit scoring ... Dec 13, 2019 ... ... scoring methods for all credit scores. Frequently ... credit scoring systems that will be based on overly-broad alternative information. M&T Advisory is a digital publication prepared by the Indonesian law firm, Makarim & Taira S. It informs generally on the topics covered. Oct 31, 2016 ... This is why the technical debate over alternative credit-scoring models in housing finance is both important and politically fraught. 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 ... Jun 5, 2024 ... We find that incorporating retail data increases approval rates for individuals without a credit history, from 15% to between 31% and 47%. Mar 26, 2024 ... Alternative credit data, such as rent payments or other transactional activity, can be used to develop alternative credit scoring models in ... While using alternative credit scoring is not a substitute for bad credit, it can be a vehicle to offer more affordable loans than sub-prime programs offer. Mar 17, 2020 ... Pros and cons of alternative credit scoring models. The biggest advantage of alternative credit scoring is that more borrowers can qualify for ... Feb 8, 2024 ... A consumer credit score is a numeric metric used by lenders to determine the likelihood of default on a consumer loan. Consumer scores are ...