Inside the FICO Score Update: New Data, Risks and Opportunities - Ted Rossman | S2E18
Ted Rossman had plenty of insight to share about recent changes in FICO scoring models, invoking his expertise as a longtime industry analyst at Bankrate. During this episode, he described the significance of the introduction of FICO 10T, which incorporates trended data and the impact of Buy Now Pay Later services on credit scoring. He highlighted the generational differences in attitudes towards credit and debt, the regulatory landscape affecting consumer protection, and the evolving relationship between FICO and mortgage lending. Rossman also emphasized the importance of incorporating rent…
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