FICO changes may ease credit access, By Katherine Peralta, August 8, 2014, US News and World Report: “A new calculation of credit scores soon could make it easier for millions of Americans to qualify for car loans and credit cards. The new methodology also could provide easier access to home mortgages after tight post-recession lending standards shut millions of potential new homebuyers, particularly young Americans, out of the market. The Fair Isaac Corp., which issues credit scores used in 90 percent of U.S. consumer lending decisions, said this week that it will give less weight to unpaid medical bills…”
Poverty-related issues in the news, from the Institute for Research on Poverty