>>..last four digits of his or her social security number, as well as behavioral factors like how long he or she takes to remember all th...
>>..last four digits of his or her social security number, as well as behavioral factors like how long he or she takes to remember all that information . If that combination doesn’t quite add up to a loan,... What I find really frustrating with most of these fintech companies is that they claim they use all kinds of data. But they don't really disclose whether this is used for 'underwriting' or 'fraud'. When it comes to underwriting there are specific FCRA guidelines on reason codes. For example, if they decline credit to a consumer because s/he did not type in their address fast enough, they need to tell them that. That would make for a good sound bite for the company. Also, what if disabled people cannot type fast enough? That seriously touches on discrimination. Too bad CFPB is not going to care about these companies until they get to $10Bn in loan size.
Posted by sksk on May 7, 2015, 5:26 AM
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Raise real-world problems, find people facing the same issue, and discuss solutions.6,500 issues0 comments
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Congrats on the move to Google!
The federal government hasn't even lifted a finger to control undergrad education costs.
Nice to see someone addressing this annoying problem, I'm seeing first hand bot traffic go up as they are just gobbling up data.
Why is there no standardized e-ID in the US?
There's an unmet need in social networks for "identity verified and protected", wherein the social network proves to a reasonable^ degree...
The reason to create a new category is because the current categories don't solve the problem for a specific target audience.
Unfortunately in the enterprise, the purchasing decision maker is usually not the user, and may not even use the invoice screen before de...
To take a slightly different example, when I lived in Canada I was a member of a group trying to remove barriers to FLOSS in the Canadian...
>>..last four digits of his or her social security number, as well as behavioral factors like how long he or she takes to remember all th...
>>..last four digits of his or her social security number, as well as behavioral factors like how long he or she takes to remember all that information . If that combination doesn’t quite add up to a loan,... What I find really frustrating with most of these fintech companies is that they claim they use all kinds of data. But they don't really disclose whether this is used for 'underwriting' or 'fraud'. When it comes to underwriting there are specific FCRA guidelines on reason codes. For example, if they decline credit to a consumer because s/he did not type in their address fast enough, they need to tell them that. That would make for a good sound bite for the company. Also, what if disabled people cannot type fast enough? That seriously touches on discrimination. Too bad CFPB is not going to care about these companies until they get to $10Bn in loan size.
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