The Center for Data Innovation has filed comments with the U.S. Consumer Financial Protection Bureau (CFPB) regarding the use of alternative data and modeling techniques in the credit process. The use of alternative data could help make credit more accessible to the 45 million Americans unable to benefit from important financial services because they lack sufficient credit histories, as well as reduce bias in the credit process, and CFPB should encourage this practice.
Comments to CFPB on the Use of Alternative Data and Modeling Techniques in the Credit Process
Joshua New is a policy analyst at the Center for Data Innovation. He has a background in government affairs, policy, and communication. Prior to joining the Center for Data Innovation, Joshua graduated from American University with degrees in C.L.E.G. (Communication, Legal Institutions, Economics, and Government) and Public Communication. His research focuses on methods of promoting innovative and emerging technologies as a means of improving the economy and quality of life. Follow Joshua on Twitter @Josh_A_New.
View all posts by Joshua New