The reason we're doing this is the credit scores are a very valuable tool. As the Director has stated, they serve as a signal to lenders and equip them with information to make financially responsible decisions. Our announcement today will enable competition among different credit scoring models. so we can make housing more affordable and more available for prospective homeowners. It's a common sense that allowing more credit score models to compete will equip mortgage lenders with … (06:30–06:35)
CLAIM
Asserts that the announcement will foster competition among credit scoring models.
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