TrueCar Inc., in a move it described as “unexpected,” said Thursday that its partnership with USAA Federal Savings Bank will end at the close of the third quarter. TrueCar’s online car-buying service has been driven by a revenue-sharing partnership with USAA for 13 years and TrueCar expected to sign another long-term …
Read More »FICO’s new scoring model likely widens gap between borrowers
Fair Isaac Corp. says the latest update to its widely used credit scoring system will likely widen the gap between the number of borrowers with sterling credit and those with spotty records. Though FICO says the changes will be modest for most consumers, it could mean added pressure on subprime …
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