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| Topics and Issues | Credit scores (37) |
A report for the U.S. Chamber’s Center for Capital Markets Competitiveness finds that risk-based pricing lowers the cost of consumer credit for most borrowers and expands credit access. The paper, Risk-based Pricing and Consumer Lending, was written by Professor Michael Staten, Endowed Chair and Director of the Take Charge America Institute at the University of Arizona, notes four key features of these innovations: Fairness; Financial Inclusion; Innovation; and Economic Growth. Following the release of this report, the Chamber posted 4 Ways Credit Scores and Risk-Based Pricing Benefit Consumers.