Join Us For FICO World 2013

How are companies using Big Data analytics to understand and collaborate with today’s connected consumer? Join us at FICO World 2013 to discover answers from experts and network with your banking peers. Registration is now open for the conference, which will be held April 30-May 3 in Miami. FICO World...

Calculating Ability to Pay

Interest rates are at all-time lows in many global economies. This makes it more attractive for consumers to take out additional loans, with money being very, very cheap. However, this may create a situation of adverse selection, with many banks reluctant to lend to higher-risk individuals who need the credit—what...

Credit Reports ≠ Credit Scores

More than ever, consumers are interested in their credit scores and credit reports. They ask questions when banking, paying bills online and shopping for a loan. This puts pressure on lenders to equip their employees with good answers to such questions. (myFICO.com is one source for those answers.) Unfortunately, this...

Credit Counselors Stumped

This week, hundreds of credit counseling executives gathered in San Francisco for the annual leadership conference of the National Foundation for Credit Counseling. I participated on a panel to address what The New Credit Normal promises for consumers. As I explained, regulators are helping to empower consumers by having creditors...

Fox Business: FICO CEO Breaks Down New Score Disclosure Rules (video)

On Fox Business, FICO CEO Mark Greene discusses the Consumer Financial Protection Bureau (CFPB) and breaks down the new credit score disclosure rules in the Dodd-Frank financial reform bill. Watch the latest video at video.foxbusiness.com If you have difficulties viewing the video above, you can also view it here. 

Preparing for new score disclosure regulations in July

On the heels of the Federal Reserve/FTC’s risk-based pricing rule that went into effect January 1, lenders must immediately turn their attention to the next set of regulations governing credit score disclosures. As part of the Dodd-Frank financial reform bill, Senator Mark Udall added a provision that requires credit scores...

New Regulation Raises Consumer Awareness of Credit Scores

While the FICO® Score is certainly no stranger to thousands of US banks and credit unions, a new federal regulation is introducing this important three-digit number to millions of consumers for the first time. The Fair Credit Reporting Act’s risk-based pricing rule, issued by the Federal Reserve and the Federal...

Welcome to the FICO Banking Analytics blog — why are we here?

- Posted by Tom Quinn, FICO® Score Product Manager Today's bankers are information junkies. We should know - as the creators of the FICO® score and other predictive analytics solutions, we are constantly providing our clients with new research and insights into credit trends. We created this blog to share...