Credit Data and Scoring - by Eric Rosenblatt (Paperback)

Book Synopsis

Credit Data and Scoring: The First Triumph of Big Data and Big Algorithms illuminates the often-hidden practice of predicting an individual's economic responsibility. Written by a leading practitioner, it examines the international implications of US leadership in credit scoring and what other countries have learned from it in building their own systems. Through its comprehensive contemporary perspective, the book also explores how algorithms and big data are driving the future of credit scoring. By revealing a new big picture and data comparisons, it delivers useful insights into legal, regulatory and data manipulation.

Review Quotes

"Explores credit scoring and personal data collection by credit reporting agencies (CRAs), highlighting the arbitrariness, unfairness, and inaccuracy of the practice. Chronicles how data-based credit scores replaced subjective and reputational qualities as the basis of credit decisions. Provides an overview of the credit industry in the United States and its regulators." --Journal of Economic Literature