Date: November 3, 2014
Issue: Risk-Based Pricing
To: Hill
Filing Type: Hill
Description: This report’s author, Professor Michael Staten, Endowed Chair and Director of the Take Charge America Institute at the University of Arizona, notes that these toolsrisk-based pricing and credit scoringlower the cost of credit for the majority of borrowers while simultaneously expanding credit availability to higher-risk borrowers, and lead to a broader array of loan products available to all income groups.