ideas

Rent in credit report!!!!

This is a big-deal announcement: “As of December 2010, Experian® will include positive rental payment data as part of a consumer’s credit file.”   Sound dry?  Not so: My numbers are old, but before the recession 50-odd million Americans had no or thin credit reports.  So, if you’re an immigrant…

Look West, Wall Street. Look West

Why is the ATM the last great banking innovation?  That’s what former Federal Reserve Chairman, Paul Volcker, wonders. While Silicon Valley has created a tremendous amount of society changing ideas and businesses, Wall Street’s attempts at innovation have mostly backfired.  Instead of Google, ethernet, LinkedIn, the iPhone or eBay, Wall…