Story thread · 5 reports / 4 sources

Fed Governor Points Lenders Toward Second-Chance Borrowers

pymnts.com · 12d

Fed Governor Points Lenders Toward Second-Chance Borrowers

How the coverage leans

Across 4 sources · syndicated copies counted once

Federal Reserve Gov. Michael Barr is urging lenders to look beyond conventional credit histories when evaluating consumers and entrepreneurs with criminal records, pointing to cash-flow underwriting, alternative financial data and artificial intelligence (AI) as tools that could identify borrowers whose current finances are stronger than their credit files suggest. Speaking Tuesday (Sep. 1) at the […] The post Fed Governor Points Lenders Toward Second-Chance Borrowers appeared first on PYMNTS.com .

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The coverage

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