Re: New Bias Charges Against FICO Scores ..... unfair to minorities
08-05-2012 12:52 PM
What do we know for a fact? 1) The Fed has been keeping data on the disparity in credit scores between minorities and whites; 2) The Washington Post published an article detailing these disparities; 3) the new CFPB vows to look at scoring models and make sure scoring agencies are following the law.
In sum, unless you are of the stripe who constantly needs to keep throwing fodder on the fire of angry white male victimhood, it's a non-story.
Current score: 721 (Discover Fico)
Goal scores: 761 across the board