What safeguards are in place to prevent discriminatory outcomes in alternative credit scoring?

Oct 16, 2023 ... Including this alternative data into scoring models will expand homeownership opportunities for creditworthy borrowers and make scores more ... Feb 13, 2023 ... Some financial startups are tapping into alternative data sources as a way of serving consumers who have been shut out of traditional credit ... Jan 10, 2024 ... Alternative data for credit scoring includes information about utility payments, insurance payments, rental payments, public records, and property records. If these issues are not addressed, alternative data-driven credit-scoring systems can potentially amplify transparency and discrimination issues, preventing ... Summary of S.1685 - 115th Congress (2017-2018): A bill to require Fannie Mae and Freddie Mac to establish procedures for considering certain credit scores ... Aug 7, 2024 ... The table below gives a list of the top 10 alternative credit scoring companies and a brief description of each. Apr 10, 2025 ... Alternative credit scoring is the act of predicting credit worthiness using alternative data points. Namely, our online behavior — what we ... Jul 25, 2019 ... Credit and Finance. Examining the Use of Alternative Data in Underwriting and Credit Scoring to Expand Access to Credit. Aaron Rieke. Written ... May 5, 2009 ... ... alternative credit-based insurance scoring model that would not have such an effect among racial and ethnic groups. insurance credit scoring ... Alternative credit scoring and financial inclusion : a structural data justice perspective ... This paper explores questions of justice surrounding the use of ...