Request for Information Regarding Use of Alternative Data and Modeling Techniques in the Credit Process

28 organizations filed 28 public comments on Request for Information Regarding Use of Alternative Data and Modeling Techniques in the Credit Process, at the Consumer Financial Protection Bureau. The comment window closed 3357d ago.

Abstract

The Consumer Financial Protection Bureau (CFPB or Bureau) seeks information about the use or potential use of alternative data and modeling techniques in the credit process. Alternative data and modeling techniques are changing the way that some financial service providers conduct business. These changes hold the promise of potentially significant benefits for some consumers but also present certain potentially significant risks. The Bureau seeks to learn more about current and future market developments, including existing and emerging consumer benefits and risks, and how these developments could alter the marketplace and the consumer experience. The Bureau also seeks to learn how market participants are or could be mitigating certain risks to consumers, and about consumer preferences, views, and concerns.

Commenters (28)

• American Bankers Associationtrade assoc.

  1 filing · confidence 97%
• American Civil Liberties Unionunverified attribution

  1 filing · confidence 70%
• Baruch Collegeunverified attribution

  1 filing · confidence 70%
• Bridgeport Police Federal Credit Unionunverified attribution

  1 filing · confidence 70%
• California and Nevada Credit Union Leaguesunverified attribution

  1 filing · confidence 70%
• Center for Financial Markets Milken Institutetrade assoc.

  1 filing · confidence 85%
• Chevron Federal Credit Unionunverified attribution

  1 filing · confidence 70%
• Consumer Bankers Associationtrade assoc.

  1 filing · confidence 85%
• Consumers Unionunverified attribution

  1 filing · confidence 70%
• Corporation for Enterprise Developmentunverified attribution

  1 filing · confidence 70%
• Credit Union National Associationtrade assoc.

  1 filing · confidence 97%
• Electronic Transactions Associationtrade assoc.

  1 filing · confidence 85%
• FactorTrust Inc.unverified attribution

  1 filing · confidence 70%
• Forth Worth City Credit Unionunverified attribution

  1 filing · confidence 70%
• Marketplace Lending Associationtrade assoc.

  1 filing · confidence 85%
• Mortgage Bankers Associationtrade assoc.

  1 filing · confidence 97%
• National Association of Federally-Insured Credit Unionstrade assoc.

  1 filing · confidence 85%
• National Association of Home Builderstrade assoc.

  1 filing · confidence 97%
• National Association of REALTORStrade assoc.

  1 filing · confidence 85%
• National Consumer Reporting Associationtrade assoc.

  1 filing · confidence 85%
• Nova Credit Inc.unverified attribution

  1 filing · confidence 70%
• Online Lender Alliancetrade assoc.

  1 filing · confidence 85%
• Oportun Inc.unverified attribution

  1 filing · confidence 70%
• Software & Information Industry Associationtrade assoc.

  1 filing · confidence 85%
• The Financial Services Roundtabletrade assoc.

  1 filing · confidence 85%
• The Greenlining Institutetrade assoc.

  1 filing · confidence 85%
• The Information Law Institute NYU School of Lawtrade assoc.

  1 filing · confidence 85%
• TuitionCoin LLCunverified attribution

  1 filing · confidence 70%