Privacy Policy

This privacy policy sets out how FactorTrust uses and protects any information that you give FactorTrust when you use this website. FactorTrust is committed to ensuring that your privacy is protected.

FactorTrust Commends CFPB for Exploring the Impact of Alternative Data on Credit Access for Consumers Who are Credit Invisible

  • Posted by Laurie Anderson
  • On February 17, 2017
  • alternative credit data, alternative data, CFPB, CreditClimbers, data, FactorTrust, underbanked
FactorTrust, the Alternative Credit Bureau, applauded yesterday’s decision by the Consumer Financial Protection Bureau (CFPB) to launch an exploration and inquiry into ways to expand access to credit for consumers deemed credit invisible or lacking sufficient credit history to obtain a credit score. FactorTrust has long-provided alternative credit data, analytics and risk scoring information that […]
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FINANCE EXPERTS SHARE 6 WAYS BIG DATA IS TRANSFORMING THE INDUSTRY

  • Posted by Laurie Anderson
  • On February 24, 2017
from bitly.com, February 13, 2017 We’re creating a lot of data these days. We pay off credit card bills with a click of the mouse. We send money by bumping phones. There are apps that make it easy for the average consumer to invest in stocks, startups, and more. All of these devices and solutions […]
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Assembling the Comprehensive Consumer Profile

  • Posted by Laurie Anderson
  • On February 17, 2017
  • alternative, FactorTrust, lenders, non-traditional consumers, underbanked
Traditional lenders looking to expand their market share are seeking ways to grow their business without increasing risk to their portfolio. In particular, lenders interested in servicing non-traditional consumers may very well find that new data provides them with fresh insights. This data can help identify new customers,  mitigate losses and price loans more profitably. […]
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Should Servicers Engage In Client Oversight?

  • Posted by FT Admin
  • On February 15, 2017
  • compliance, compliance management systems, vendor oversight
The CFPB and the Intercept case There has been quite a bit of discussion in the past few years about Compliance Management Systems and vendor oversight. Companies have devised new processes, added new staffing, and even set up entirely new departments dedicated solely to vendor audits and assessments. No longer is it sufficient to only […]
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I Won an Award from a Regulator!

  • Posted by Laurie Anderson
  • On February 6, 2017
  • compliance, regulator
Someday it would be fun if a regulator rewarded a company for compliant behavior instead of fining bad actors. That may never happen, but let’s think about this. What if instead of incenting compliant behavior (via the deterrent game of “Whack-a-Mole”), there were incentives given for compliant corporate behavior? How it Would Work Company A […]
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Fortune-Telling, our Magic 8 Ball, and the Proposed Rule on ATR

  • Posted by Laurie Anderson
  • On February 6, 2017
  • ability to repay, ATR, compliance, proposed rule
*Co-authored by Sarah Auchterlonie A flurry of fortune-tellers has filled the airwaves as a new president has caused considerable speculation about the future of the Consumer Financial Protection Bureau (CFPB). And for the small-dollar lending industry, their focus is on the CFPB’s Proposed Rule on Payday, Vehicle Title, and Certain High-Cost Installment Loans. As of […]
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Top 3 Uses for Alternative Credit Data in 2017 Decisioning

  • Posted by Dan Richard
  • On February 6, 2017
  • alternative credit data, decisioning, underserved
By Dan Richard, FactorTrust VP, analytics & product strategy Recent research by FactorTrust, the Alternative Credit Bureau, unearthed impending trends for the new year as it relates to the growing use of alternative data in lending. In a recent study of financial service providers and lenders conducted by FactorTrust, 63 percent of participants indicated that […]
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S&P Global Ratings explains importance of alternative data in subprime auto ABS

  • Posted by Laurie Anderson
  • On February 3, 2017
  • alternative credit data
from SubPrime Auto Finance News, January 13, 2017 Along with their latest assessment of the U.S. prime and subprime auto loan asset-backed securities (ABS) sectors, S&P Global Ratings analysts this week discussed how much alternative data has become a crucial component of their examination of subprime auto finance market. S&P Global Ratings acknowledged that many […]
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A NEW PATH TO SUSTAINABILITY FOR SHORT-TERM LENDERS

  • Posted by Laurie Anderson
  • On January 31, 2017
  • approvedata, credit marketing, FactorTrust, short term lending
Smart reform brings positive changes to the future of lending by Paula Green, FactorTrust director of ApproveData Credit Marketing Services Proposed regulations governing short-term loans have caused many lenders to consider different ways of doing business just to ensure their survival. There are good reasons for their concern, because the new regulations have already negatively […]
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