Mixed Economic News on Consumers, FICO Score Changes and the Next Plaid?

In this week’s PeerIQ Industry Update they cover the mixed economic news at the end of 2019 into early 2020; speciality stores are starting to gain more on traditional department stores; in an op-ed in American Banker Gilles Gade, CEO of Cross River Bank argues that online lenders like Upstart are seeing big success by using alternative data to underwrite borrowers; FICO has made changes to their scoring model which will hurt borrowers more who miss credit card and loan payments; Ocrolus could be the next Plaid with their network and data footprint across dozens of consumers, small businesses, and mortgage lenders. PeerIQ

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