Can the Flaws in Credit Scoring Be Fixed?

"While no one quite knows what the ideal mix of alternative credit-reporting sources should be, many think that ultimately incorporating more data into the most-used credit reports will do more to help economically marginalized groups than to harm them. In other words, the potential downsides of alternative data might be worth the risk." By Gillian B. White READ MORE ...

MAF’s MacArthur Fellowship and Fight for Social Justice

"What MAF CEO Jose Quiñonez thought was a prank call was actually the news to inform him that he had won a MacArthur Fellowship, also known as the MacArthur Genius Grant. The fellowship provides pioneers in the arts and sciences a grant of $625,000 to use at their discretion. After learning all about Lending Circles, we chatted with MAF about what they’ve been up to since receiving the fellows ...

What it’s Like to Win a MacArthur ‘Genius’ Award for Your Life’s Work

"As a society we have to reassess our assumptions about what is happening within not just immigrant communities, but low-income communities. We don’t give them enough credit for their ingenuity, for their innovativeness, for what it takes to survive and thrive in poverty. . . What we’re trying to do at MAF is actually say no, that’s not true. There’s more to it than that. We can actually build e ...

MacArthur Foundation Announces 2016 ‘Genius’ Grant Winners

"José A. Quiñonez, 45, the founder of the Mission Asset Fund, a nonprofit group in San Francisco that helps people build credit history based on informal lending circles common in immigrant communities and among others without access to bank loans, said he saw the award as a boost for the people he serves. “Our laws and our policies tend to be really ignorant of the beautiful ways that people a ...

23 “Genius” Grants Announced by MacArthur Foundation

Gene Luen Yang, a prize-winning author and the national ambassador for young people’s literature, and Claudia Rankine, one of poetry’s brightest and most innovative stars, are among this year’s 23 MacArthur fellows and recipients of the so-called “genius” grants. by Hillel Italie READ MORE ...

MacArthur ‘genius’ winner: This immigrant helps others build good credit

"Jose Quinonez crossed the border from Mexico to California when he was 9 years old, accompanied by his five siblings, driven out of his home after the death of their father and mother. Three decades later, Quinonez is set to receive one of the most prestigious honors offered to American professionals: a MacArthur Fellowship, known as a “genius” grant." by Natalie Kitroeff READ MORE ...