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Saudi Credit Bureau Delivers Access To Loans For Millions with Score

Fico Collections

Saudi Credit Bureau Delivers Access To Loans For Millions with Score. SIMAH wins FICO ® Decisions Award for financial inclusion using FICO ® Scores. This growth in Saudi financial inclusion was made possible by SIMAH’s advocacy efforts with financial institutions and a parallel education campaign with consumers.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On May 1, the CFPB proposed a rule to implement a congressional mandate to establish consumer protections for residential property assessed clean energy (PACE) loans. PACE loans, secured by a property tax lien on the borrower’s home, are often promoted as a way to finance clean energy improvements, such as solar panels.

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CFPB Issues Analysis on Consumers of Buy Now, Pay Later Products

Troutman Sanders

According to the CFPB, on average, BNPL borrowers were much more likely to be highly indebted, revolve on their credit cards, have delinquencies in traditional credit products, have lower credit scores, and use high-interest financial services such as payday, pawn, and overdraft compared to non-BNPL borrowers.

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Top 5 Scores Topics of 2021

Fico Collections

In 2021, the financial services world continued to grapple with the uncertainty brought on by year two of the COVID-19 pandemic. In the first post of the series addressing whether minimum scoring criteria limits the consumers’ access to credit, Joanne Gaskin wrote: Simply put, the answer is no.

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TrueAccord Brings Collections to the Synapse Fintech Ecosystem

True Accord

We chose to partner with TrueAccord to add debt repayment services to Synapse’s BaaS ecosystem, because it aligns with consumer preference for a frictionless, digital-first financial services experience, especially when they fall behind,” said Sankaet Pathak, Founder & CEO of Synapse. “We

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FICO Fact: Can having no credit score be better for consumers than a low credit score?

Fico Collections

And any claimed benefits of lowering minimum score criteria results simply isn’t borne out by the data: nearly all of the consumers who can receive a credit score through these reduced standards either have stopped seeking credit or would receive a score too low to receive affordable credit.

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Meet Our 2023 FICO Decisions Awards Judges

Fico Collections

They have been chosen because of their unique knowledge and extensive expertise across financial services, technology, business, engineering and science. Burcu currently leads credit analytics and retail credits at Akbank, one of the largest retail banks in Turkey. Burcu Çalıcıoğlu, Akbank (previous winner).

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