News

Challenger to FICO Credit Scores Gets Green Light for Use in Mortgages
Fannie Mae and Freddie Mac’s regulator says VantageScore can now be used to underwrite home loans, weighing on FICO’s stock.
Fannie and Freddie no longer require FICO. Will it help you get a mortgage?
The regulator of Fannie Mae and Freddie Mac has decided to allow mortgage lenders to use an alternative credit score for ...
Lightning Round: I'm sticking my neck out for FICO here, says Jim Cramer
“One Flew Over the Cuckoo's Nest” television series in the works told from Chief Bromden's point of view ‘Biggest joke I’ve ...
FICO’s New Rule Could Drop Your Score—Here’s How to Avoid BNPL Pitfalls
You want that new computer, but your bank account says, “Try again next month.” So, you click “Pay in 4,” and boom, problem ...
CardRates.com2d
FICO’s BNPL Move May Allow Credit Card Issuers to Gain a Larger Slice of the Payment Pie
FICO is the first major credit score provider to incorporate BNPL information into its credit scores, the company said in a ...
Pulte Updated the Credit Score Policy for Mortgages. That Hit FICO Stock Today.
FHFA Director William Pulte said that lenders may now use VantageScore 4.0, an alternative to the FICO score, while assessing ...
FICO’s new credit scores will include buy now, pay later loans data. Here’s how it could impact your score
Financial analytics company FICO has announced two new scores that incorporate buy now, pay later (BNPL) loan data for the ...
The Washington Post6d
A new FICO credit score will factor in BNPL. But the impact is unclear ...
FICO uses multiple scoring models, but, traditionally, they have looked at a consumer’s data as one snapshot in time. In 2020, however, FICO added a new model that looks at balance activity over ...
BNPL Coming to FICO Credit Scores Later this Year
Many consumers have been using buy now, pay later payment options like Affirm, PayPal Credit or Klarna – surveys put usage at ...