Editor’s Pick

Why FICO’s new scoring model may not mean much for consumers

Every so often, a new credit scoring model hits the market — such as the recently announced FICO 10 — and consumers are told their score may change.

The reality, though, is that not much shifts in the trenches: Banks, credit unions and other lenders that determine whether to loan you money or extend credit are generally slow to adopt new models.

Urban Mining

Every year, the amount of e-waste that is recorded is rising rapidly. With the constant and rapid advances in technologies, there is a constant consumer demand for the latest leading mobile phones, laptops, computers, and any other form of electronic devices. With a constant ‘out with the old’ and ‘in with the new’ consumer culture, the rise in the level of e-waste looks set to continue.