Fintech News
DECEMBER 20, 2023
The BNPL platform then assesses their creditworthiness through a soft credit check. Once the platform approves the credit line, it pays the merchant the full amount of the goods purchased, thus taking on the customer’s credit risk.
PYMNTS
FEBRUARY 27, 2019
He also noted the structural changes at the company, which included the development of a cyber audit framework, and the hiring of 1,000 full-time risk and IT professionals to its workforce in 2018.
FICO
JUNE 11, 2021
Leveraging FICO Resilience Index to refine credit risk decisions during benign economic phases defends against dramatic swings in delinquency rates and provides for a more consistent portfolio management approach over time. According to the Consumer Financial Protection Bureau (CFPB), signs of trouble are already brewing.
PYMNTS
FEBRUARY 5, 2018
Here in the States, and amid legal battling, the Consumer Financial Protection Bureau (CFPB) got one for the win column this past week. banks, and specifically those that are large credit card issuers, are stating that they will not let their consumers buy bitcoin with their cards. Closer to Home.
PYMNTS
JULY 11, 2017
And, as a result, higher fees for consumers levied by cautious lenders, when they lend at all? The Consumer Financial Protection Bureau (CFPB) has handed down a controversial ruling stating companies cannot opt to use arbitration clauses in their contracts with consumers in a manner that keeps consumers from joining class action lawsuits.
FICO
MAY 31, 2017
On May 10, the Consumer Financial Protection Bureau (CFPB) issued a Request for Information (RFI) seeking to learn more about the small business lending market. If you are scratching your head as to why the CFPB is delving into small business lending, you are not alone.
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