Alternate Credit Scoring Models: FICO vs. Vantage Models

According an article in the Wall Street Journal, on August 13, the Federal Housing Finance Agency (HFHA), which supervises Fannie Mae and Freddie Mac, has sent to the Federal Register for publication a final rule on the validation and approval of third party credit score models that can be used by Fannie and Freddie. When […]

CFPB Releases Complaint Data by State

Recently the Consumer Finance Protection Bureau released a special edition of its monthly complaint report that provided a unique look at the way the Bureau compiles national data on the complaints it receives. Since July 2015, the CFPB has released monthly reports that summarize the complaints it collects on consumer financial products including credit cards, […]

Understanding the CFPB’s Expectations through Enforcement

Once a quarter, the Consumer Finance Protection Bureau publishes a report of actions it’s taken to enforce compliance matters across the spectrum of consumer finance products. This report, called Supervisory Highlights, often contains valuable insights into how the Bureau is collecting, interpreting and acting on the data it collects. And according to Director Richard Cordray, […]