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Why AEI’s VantageScore 4.0 critique misses the mark

Enjoy complimentary access to top ideas and insights — selected by our editors. AEI’s flawed conclusions, if taken at face value, could wrongly influence how the mortgage industry approaches credit access, risk, and consumer inclusion.  The American Enterprise Institute’s latest critique of VantageScore’s recent white paper doubles down on their false assertion that VantageScore is picking GSE […]

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Former FDIC board member confirmed to top Treasury role

Key Insight: McKernan’s confirmation comes as the Trump administration’s deregulatory financial agenda begins in earnest, positioning a seasoned industry ally in a key Treasury post. Supporting data: McKernan was confirmed in a 51–47 vote. McKernan was nominated to lead the Consumer Financial Protection Bureau earlier this year but his nomination was withdrawn in May. Forward

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Bond traders step up Fed hedges as shutdown clouds outlook

The data void created by the US government shutdown is pushing bond traders to hedge against the risk that the Federal Reserve pauses at one of its two remaining meetings this year, or potentially delivers more policy easing than the market anticipates. Interest-rate swaps have been steadily pricing in roughly a quarter-point rate cut in both October

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