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According to the New York Times, about 45 million Americans lack traditional credit files. Now the federal government is investigating whether alternative credit scoring models could bring more of these consumers into the financial mainstream.

1. Which agency of the government is interested in the phenomenon of using alternative credit data?
2. Who created FICO scores?
3. What are the bureaus that compile FICO scores?
4. Why is this an important issue?

Carrns, A. (2017). Little Credit History? Lenders Are Taking a New Look at You. The New York Times, Feb. 24 (Retrievable online at