FICO Makes FICO® Scores Available to Financially Struggling Consumers Through Non-Profit Credit and Financial Counselors

SAN JOSE, Calif., April 21, 2015 /PRNewswire/ – FICO (NYSE: FICO), the predictive analytics and decision management software company, today announced that its popular FICO® Score Open Access program is expanding to provide FICO® Scores to approximately one million consumers annually who are in need of credit and financial guidance through qualified non-profit credit counselors and participating government entities.  FICO® Score Open Access, launched by FICO in November of 2013, is enabling tens of millions of Americans to regularly receive – at no cost – the actual FICO® Scores purchased and used by lenders.

FICO® Score Open Access for Credit & Financial Counseling, as the program expansion is called, has been designed to aid consumers who have credit management problems by providing FICO® Scores along with credit education material that helps consumers understand credit scoring and learn about responsible financial health management.  At the same time Experian, one of FICO’s credit bureau partners, has agreed to allow qualified credit counselors to share Experian credit reports with their clients – providing important additional information to consumers who are struggling financially. 

“The Consumer Financial Protection Bureau (CFPB) first drew our attention to financial counselors’ need to share credit scores with consumers in early 2014 as part of the CFPB’s efforts to empower consumers,” said Jim Wehmann, FICO’s executive vice president for Scores. “Because of FICO’s longstanding commitment to consumer financial education, when the CFPB approached us about enabling credit and financial counselors to share FICO Scores they purchase with their clients, we recognized the importance of working with our data partners to make it happen. The popular FICO Score Open Access program has now been extended to approximately one million people who seek assistance each year though these worthy organizations. We consider this a major milestone in our effort to ensure that all Americans have convenient and free access to their FICO Scores.”

“Experian is proud to join FICO and the nation’s credit counselors to lend our support through this important program for people experiencing financial difficulty,” said Genevieve Juillard, president of Experian Consumer Information Services. “It is our mission to be a champion of the consumer, and as the leading provider of consumer credit education and empowerment tools, we are proud to offer Experian’s credit reports in conjunction with the FICO Score to help struggling borrowers.”

“In today’s economy, a good credit history is essential for individuals and families to get and stay ahead,” said Sarah Chenven, director of Programs and Strategic Initiatives at Credit Builders Alliance. “The ability to help underserved consumers in particular access their FICO Scores — and provide educational resources that identify the underlying financial behavior driving those scores — will strengthen nonprofit counselors’ and coaches’ toolkits, and may enhance their clients’ outcomes.”

Eligible credit and financial counseling organizations may participate in the FICO® Score Open Access for Credit & Financial Counseling program in coordination with membership associations, including the Association of Independent Consumer Credit Counseling Agencies and Credit Builders Alliance, and through government and non-government entities, including the Local Initiatives Support Corporation. For more information, financial counseling organizations may visit the FICO Community for credit and financial counseling, a portal created specifically for this program with the support of credit and financial counseling organizations, including Money Management International, Capstone Community Action, GreenPath, and Justine PETERSEN.

The FICO® Score is the score lenders use. FICO is the leader in credit risk scoring, and the FICO® Score is the standard measure of consumer credit risk. Businesses bought more than 10 billion FICO® Scores last year, and the scores are used in 90 percent of consumer lending decisions in the US.  All FICO® Scores based on each of the three major credit bureaus are eligible to be included in this program.

About FICO
FICO (NYSE: FICO) is a leading analytics software company, helping businesses in 90+ countries make better decisions that drive higher levels of growth, profitability and customer satisfaction. The company’s groundbreaking use of Big Data and mathematical algorithms to predict consumer behavior has transformed entire industries. FICO provides analytics software and tools used across multiple industries to manage risk, fight fraud, build more profitable customer relationships, optimize operations and meet strict government regulations. Many of our products reach industry-wide adoption. These include the FICO® Score, the standard measure of consumer credit risk in the United States. FICO solutions leverage open-source standards and cloud computing to maximize flexibility, speed deployment and reduce costs. The company also helps millions of people manage their personal credit health.

FICO: Make every decision count™. Learn more at

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FICO and “Make every decision count” are trademarks or registered trademarks of Fair Isaac Corporation in the United States and in other countries.


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BB&T Receives Financial Education Innovation Award

WINSTON-SALEM, N.C., April 15, 2015 /PRNewswire/ – Nasdaq and EverFi presented BB&T with the Innovation in Financial Education Award, which recognizes significant efforts to improve the financial capability of young Americans. Twenty-five financial institutions were honored with this distinction at a ceremony hosted Tuesday, April 14, at Nasdaq’s Marketsite headquarters in New York City.

Honorees were selected based on a set of criteria that included the scale and reach of their financial education initiatives, the duration of their commitment, and unique employee volunteering activities that supplement their programs.

“The institutions we’re recognizing here today have led exceptional efforts to rethink how financial education is taught in our nation’s schools,” said EverFi Founder and CEO Tom Davidson. “Our global competitiveness is dependent on the next generation understanding how the economy works and how to achieve financial security in their lives. We are grateful to the organizations that are helping pave a brighter future for students today.”

As young adults face increasingly complex financial decisions, BB&T is committed to providing students with the skills and knowledge needed to succeed. BB&T has partnered with EverFi to bring the financial education program to local students at no cost to schools or taxpayers through its BB&T Financial Foundations program and has reached more than 185,000 students since 2010. The web-based program uses the latest in new media technology – simulations, gaming and adaptive-pathing – to bring complex financial concepts to life for today’s digital generation.

A FINRA-funded study released in February 2015 found students who received rigorous financial education in high school saw increased credit scores and decreased chance of credit delinquency as young adults, compared to their peers who did not receive financial education. Data collected from nearly 72,000 students who completed the BB&T Financial Foundations program in the 2013-2014 academic year revealed students’ understanding of credit scores increased by an average 30 percent after interacting with the curriculum.

Administered by teachers in a classroom setting, the web-based course offers more than six hours of programming on a variety of financial topics including credit scores, insurance, credit cards, student loans, mortgages, taxes, stocks, savings, 401(k)’s and other critical concepts that map to national financial literacy standards. The platform uniquely tracks the progress and performance of every student.

About BB&T
BB&T is one of the largest financial services holding companies in the U.S. with $186.8 billion in assets and market capitalization of $28 billion, as of Dec. 31, 2014. Based in Winston-Salem, N.C., the company operates 1,839 financial centers in 12 states and Washington, D.C., and offers a full range of consumer and commercial banking, securities brokerage, asset management, mortgage and insurance products and services. A Fortune 500 company, BB&T is consistently recognized for outstanding client satisfaction by the U.S. Small Business Administration, Greenwich Associates and others. More information about BB&T and its full line of products and services is available at

Nasdaq is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world’s securities transactions. Nasdaq is home to more than 3,500 listed companies with a market value of over $9.1 trillion and more than 10,000 corporate clients. To learn more, visit or

About EverFi
EverFi, Inc., is the leading education technology company focused on teaching, assessing, and certifying K-12 and college students in the critical skills they need for life. The company teams with major corporations and foundations to provide the programs at no cost to K-12 schools. Some of America’s leading CEOs and venture capital firms are EverFi investors including Amazon founder and CEO Jeff Bezos, Twitter founder Evan Williams, and Google Chairman Eric Schmidt.  Learn more at

SOURCE BB&T Corporation