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Federal Regulators Encourage Financial Inclusion

Vice Chair for Supervision Michelle Bowman, at the Federal Reserve’s Financial Inclusion Conference, highlighted how novel credit scoring models and alternative data could be used to understand and expand credit and financial services to credit...

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Credit Card Delinquencies Drop in Q1

The fall in 30-, 60-, and 90-day credit card delinquencies in tandem with the material decrease in the percentage of new card accounts with a credit score below 660 signals a tightening of credit standards...

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Powell Speaks on Fed’s Interest Rate Stance

At a European Central Bank conference on July 1, Federal Reserve Chair Jerome Powell highlighted the Fed’s ‘wait-and-see’ stance with regards to future interest rate reductions. Powell stated that the Fed will observe the effects...

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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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