Kikoff, whose investors include Golden State Warriors' star Stephen Curry, provides applicants with a no-fee $500 revolving line of credit they can use to purchase personal finance books and courses from its online store. The company then reports this payment activity to some credit bureaus.

Six online lenders and the National Community Reinvestment Coalition have asked the Consumer Financial Protection Bureau for clarity on whether disparate-impact rules apply to lending decisions made by machines.

Democrats are pushing for a public-sector alternative to the three main credit bureaus, but Republicans argue that the government is ill-equipped to safely handle consumer data and produce accurate reports.

The underlying loans in CSMC 2021-NQM4 have a 738 weighted average model FICO score, relatively low leverage, and a sustainable loan-to-value ratio of 75.2%.

Fewer borrowers are suspending payments for pandemic hardships but some who got back on track are having trouble again, and deadlines could spur a final round of new requests.

The Consumer Financial Protection Bureau issued a temporary final rule that allows mortgage servicers to initiate foreclosures on abandoned properties and certain delinquent borrowers, but it also outlined additional measures that shield distressed homeowners.

Roughly 98% of unpaid principal balances on the loans have been modified, so FitchRatings increased its loss expectations because of the delinquent loans.

The lack of homes for sale is supporting the record values, unlike what happened in the mid-2000s, analysts say.

Banks and creditors have spent years trying to remove obstacles to presentment and payment, but some consumers say they would still rather step on a Lego brick than pay a bill, according to PayNearMe research.

Bank of America and Morgan Stanley are leading the deal, in which Atlanta, Miami and Charlotte are the top three markets.

The Supreme Court decision cleared the way for further revisions to the agreements between the Federal Housing Finance Agency and the Treasury, which could include dismissing the January changes.

The deal has a shifting-interest structure that determines senior principal distributions by comparing the senior bond size to the collateral balance.