Many mainstream mortgage channels now have ways to use rent history in underwriting, but it is not yet universal or automatic across all lenders or loan types. What’s changed recently Fannie Mae’s Desktop Underwriter now allows lenders (with borrower permission) ...

A credit card’s place in a consumer’s wallet is now shaped as much by its app as by its rate, perks or brand, a shift that looks especially strong among younger cardholders and points to a more digital future for ...

Credit unions are increasingly partnering with Upstart to power AI-driven personal lending programs, using its models both to originate loans directly and to buy whole loans through its marketplace. What “selects Upstart for AI-driven personal lending” means When a credit ...

Global financial officials are warning that a new class of highly capable “cyber” AI models could materially raise systemic risk by helping attackers find and exploit vulnerabilities in bank and market infrastructure much faster than current defenses can adapt. What’s ...

WASHINGTON (Reuters) — Housing finance giants Fannie Mae and Freddie Mac are now accepting additional credit scores that take into account rent and utility payments, a U.S. government official overseeing the agencies announced on Wednesday. The move is aimed at ...

Why Should Delaware Care? With credit cards now the dominant form of payment in the U.S., the fees that banks and payment networks charge for their usage is coming under greater scrutiny. A new debate on applying those fees on ...

The piece is about the CFPB union’s opposition to the Bureau’s request for a 45‑day fast‑track on its new workforce‑reduction plan, which the union calls an unnecessary “artificial deadline.” Core story The CFPB submitted a revised workforce reduction plan to ...

The Federal Court has ordered that payday lenders Cigno Australia and BSF Solutions pay a combined sum of $7 million for engaging in credit activity without a licence and charging prohibited fees. Cigno Australia was ordered to pay $3 million, ...

Key insight: The real risk is not whether private credit looks like 2007 — it's whether banks understand how much of their balance sheets are quietly exposed to marks they don't control. Supporting data: U.S. banks have extended nearly $300 ...