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New Credit Score Models Will Reflect BNPL Activity

FICO, after conducting a study with Affirm, intends to launch FICO Score 10 BNPL and FICO Score 10 T BNPL this Fall, a credit scoring model for Buy-Now-Pay-Later (BNPL) activity. The unique characteristics of BNPL, such as the frequent turnover...

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Retail Sales Drop 0.9 Percent in May

U.S. retail sales in May dropped more than expected as the pre-tariffs surge in purchases subside. The drop in sales was led by a decline in auto purchases. Reuters notes that it is unclear if tariffs are...

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Inflation Levels Lower than Forecasted

The May CPI Report found that inflation rose by 2.4 percent year-over-year in May. This increase was lower than the expected 2.5 percent. This month’s lower-than-expected inflation numbers may be due to falling energy prices. Inflation remains...

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Private Asset Offerings Expected to Grow 

The availability of private credit in financial products is likely to increase as financial institutions try to create products that are attractive to retail investors, according to Reuters. Many financial firms have partnered together to create...

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