Author Topic: Biden to change and regulate Credit Scores/Reports  (Read 942 times)


Offline coffeebean

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Re: Biden to change and regulate Credit Scores/Reports
« Reply #1 on: February 21, 2021, 12:49:51 AM »
Lots of basic info in the beginning but gets interesting towards the end. https://youtu.be/MlDHV6kKGVY


Online gozalim

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Re: Biden to change and regulate Credit Scores/Reports
« Reply #3 on: February 21, 2021, 01:09:03 AM »
evidently the goal never was about fixing the CR business, just an opportunity to nationalize it.
i'm sure that will go well...

Offline zh cohen

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Re: Biden to change and regulate Credit Scores/Reports
« Reply #4 on: February 21, 2021, 09:11:33 AM »
At the end of the day banks will work with what stratifies risk the best for them, not what suits the libsí agenda most.

Setting up a government system is just the first step towards requiring that banks use it (or prosecute them for racism if they don't).

Offline Euclid

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Re: Biden to change and regulate Credit Scores/Reports
« Reply #5 on: February 21, 2021, 09:32:43 AM »
I would love some transparency around credit scoring algorithms.
https://forums.dansdeals.com/index.php?topic=112653.0

Online AsherO

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Re: Biden to change and regulate Credit Scores/Reports
« Reply #6 on: February 21, 2021, 10:27:25 AM »
I would love some transparency around credit scoring algorithms.
https://forums.dansdeals.com/index.php?topic=112653.0

The downside of transparency is that it makes it easier for people to game the system, artificially inflating their score and masking the items should have organically produced a lower score.
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