Bank of America and JPMorgan Chase are monitoring consumer resilience and credit performance using FICO scores.
1 report, 1 independent
Updated Jul 22
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What happened
Bank of America and JPMorgan Chase are monitoring consumer resilience and credit performance using FICO scores.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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FICO
company
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Bank of America
American multinational banking and financial services corporation
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JPMorgan Chase
American multinational banking and financial services holding company
Related events
- AARP released a report on September 22nd that referenced FICO regarding credit scores and discussed how to check benefits through the Social Security Administration.
- FICO, Experian, and Equifax collaborated on credit scoring standards and contributed to credit scoring models.
- Bank of America and the Central Bank published reports on consumer credit quality and statistics.
- FICO scores are being used by credit card issuers to determine eligibility for balance transfer cards.
- FHFA accepted alternative credit scoring models, including FICO Score 10T, while the Trump administration directed CFPB to cut mortgage cost drivers.