Federal Set-aside Financial Investigation (FRED): a general public database about Federal Reserve Bank out of St
FICO Score: A decimal credit history produced by the latest Fair Isaac Firm (FICO). Loan providers assess credit chance situated in region to their Credit ratings. When the a lender expands borrowing from the bank so you can anyone which have a decreased FICO rating, the loan is actually subprime. The brand new emergence regarding Fico scores facilitated the increased automation of mortgage behavior, removing subjectivity about process, but also decreasing the quantity of enters with the borrowing from the bank conclusion. Look for Todd Baker interviews.
Financial crisis Inquiry Percentage: A beneficial 10-user bipartisan commission energized by frontrunners of your own You Congress tasked to investigate what can cause the new 2008 Economic crisis. Discover Karstens memo.
Economic Privacy Code: Created by Gramm-Leach-Bliley Work in the 1999, that it supply desired to protect individual confidentiality by the demanding loan providers to incorporate notices about their accessibility customers’ private information (basically, a privacy). Read more “Federal Set-aside Financial Investigation (FRED): a general public database about Federal Reserve Bank out of St”
