Tag Archives: Alternative Data

“Dominant firms shouldn’t be able to hoard our personal data and appropriate the value to themselves,” said Consumer Financial Protection Bureau Director Rohit Chopra.

There are new segments of the population emerging that include millennials, minorities, immigrants, and rural dwellers, and the typical FICO score evaluation just won't cut it for lenders.

As new credit populations emerge in the housing market and competition among lenders heats up, other data avenues must be considered to accommodate new borrowers.