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Test for Statistical Bias

This white paper provides lenders with a statistical methodology for determining whether the credit score model in use favors one population over another.

Model Governance for the Bankcard Industry

Empowering governance and transparency

Executives responsible for model governance must continuously monitor the use of analytical tools, including credit scoring models, to ensure they meet regulatory requirements and institutional policies.

From its inception, VantageScore Solutions has supported this effort with a level of transparency unprecedented in the credit scoring industry. VantageScore Solutions is the first model developer to publish annual validation data, characterizing model performance on bankcard, auto, and mortgage loans.

Regulators have explicitly communicated that they have no brand preference with respect to credit scoring models and that they support competition in the market.

While performance may be king, transparency is queen. Expecting a third-party model provider to provide transparency is not only expected, it’s reality:

 
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Additional resources

A user guide worth using

Credit card issuers that use the VantageScore model are provided a user guide that includes deep-dive information on:

Reason code transparency

VantageScore Solutions is committed to making scores and the factors that determine them clear to consumers. VantageScore publishes the ReasonCode.org website in English and Spanish to expand on the short explanatory statements that accompany score notifications. This commitment to transparency has won VantageScore acceptance among regulators and many of the nation’s most heavily regulated institutions.

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