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 toolsrisk-based pricing and credit scoringlower 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.

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