(1/3) Today I held our second hearing as Chairman of the House Fintech Taskforce, “Examining the Use of Alternative Data in Underwriting and Credit Scoring to Expand Access to Credit.”
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(2/3) Lenders and credit reporting agencies have begun collecting, storing and utilizing alternative data, including personal online behavioral data gained from social media and outside data brokers to measure consumer creditworthiness.
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(3/3) While this practice has the potential to expand credit, it also warrants caution and proper oversight to ensure that use of alternative data does not harm consumers.
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How do I unfriend everyone who has a FICA below 700?
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IMPEACH TRUMP NOW
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