Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Computing
Conference & Expo
November 2-4, 2009 NYC
Register Today and SAVE !..
SYS-CON.TV
Today's Top SOA Links


FactorTrust Commends CFPB for Exploring the Impact of Alternative Data on Credit Access for Consumers Who Are Credit Invisible

FactorTrust, the Alternative Credit Bureau, applauded yesterday’s decision by the Consumer Financial Protection Bureau (CFPB) to launch an exploration and inquiry into ways to expand access to credit for consumers deemed credit invisible or lacking sufficient credit history to obtain a credit score.

FactorTrust has long-provided alternative credit data, analytics and risk scoring information that lenders need to make informed decisions about consumers; and the announcement by the CFPB aligns with the company’s mission of dedicating its proven analytics and clean credit information to support lenders’ opportunities to grow revenue and meet compliance regulations, as well as serve consumers that are building better lives with more credit options.

“The CFPB is on the right track to focus on the importance of alternative data for the credit invisible,” said Greg Rable, FactorTrust CEO, “For more than a decade, we’ve been committed to providing lenders with innovative alternative credit data and analytics solutions to help them assess risk and the ability to repay, so they may lend responsibly to deserving consumers.”

While the CFPB expressed some concern that this information is reliable and whether certain types of loans are actually reported, Rable countered, “Lenders of these types of loans have worked hard to diligently report their consumers’ loan performance to FactorTrust for many years. The accuracy of the data reported has constantly been a cooperative effort and, coupled with payment, stability, and employment attributes made available by FactorTrust, have enabled lenders to quickly assess risk and give consumers the credit that they deserve.”

In another effort to help consumers get the credit they deserve, FactorTrust recently launched a pilot of its new consumer-focused product, CreditClimber (www.creditclimber.com). CreditClimber enables consumers to proactively improve their credit by linking monthly bill payment data (such as mobile phone, utilities, cable/satellite) and consider a person’s effort and actions to increase his/her financial literacy through quick online courses. It provides lenders with a clearer view of their creditworthiness. CreditClimber is currently available by invitation-only but FactorTrust plans to open it to all consumers in the near-future.

About FactorTrust

FactorTrust, The Alternative Credit Bureau, is relentlessly dedicated to proven analytics and clean credit information that provide lenders opportunities to grow more revenue, meet compliance regulations and serve more consumers with more credit options. At the core of FactorTrust is alternative credit data not available from the Big Three bureaus (Experian, TransUnion and Equifax) and analytics and risk scoring information lenders need to make informed decisions about the consumers they want. FactorTrust Alternative Credit Data and Analytics accurately predicts risk and the ability to repay near and non-prime consumer loans in real-time. The company’s solutions enable financial service companies an opportunity to uncover creditworthy prospects that are not surfacing via traditional credit sources. Headquartered in Atlanta, the experienced FactorTrust team of predictive analytics specialists, statisticians and financial industry experts has delivered unique data and valuable insight to lenders throughout the U.S. for more than 10 years. For more information on the quarterly FactorTrust Underbanked Index or the company itself, visit www.factortrust.com.

About Business Wire
Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021

SYS-CON Featured Whitepapers
ADS BY GOOGLE