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Establishing a correlation between a bank's risk profile and its consumer lending decisions may become clearer as a result of San Rafael, Calif.-based Fair, Isaac & Co.'s {FIC} acquisition of Risk Management Technologies (RMT), company officials say.
Sub-prime lenders may benefit most from the venture, predicts David LaCross, president and CEO of RMT in Berkeley, Calif. As competition forces lenders to lower their credit standards, "the value of {enterprise risk} information grows. The B&C paper has the least amount of quality, but the consequences of a bad decision...