Search
Copyright © 2025 ALM Global, LLC. All Rights Reserved.
Credit/AdobeStockLending has changed dramatically over the past 40 years following the explosion of Al and data science tools. The quantification of creditworthiness began as early as the 50s, and by 1989, FICO released the first universal credit score. The FICO score became the industry standard in 1995 when Fannie Mae and Freddie Mac decided that every mortgage application required a borrower’s FICO score. Since then, credit scores have become lenders’ primary tool to determine creditworthiness, even as underwriting methods have transformed.
Already have an account? Sign In Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Infographic
Sponsored by CPI
We worked with an independent researcher to conduct an online survey of over 2000 credit and debit card users to find out how people pay everyday. Download the results!
Study
Sponsored by Alkami
Market Study: The Application and Consumer Perception of Artificial Intelligence in Banking
This comprehensive market study dives deep into the contrasting views between financial institutions and account holders, offering critical insights that can drive your credit union's strategic decisions.
Guide
Sponsored by TransUnion
Quick Guide to Modern Prescreen Marketing
What if you could get your offer to consumers before the competition?
Copyright © 2025 ALM Global, LLC. All Rights Reserved.
Sign In
Sign In
