Martin Kleinbard

Martin Kleinbard, an advisor at Granular and former CFPB official, shares his expertise on the pitfalls of traditional credit scoring. He traces the origins of FICO scores and discusses how well-intentioned legislation led to over-standardization and systemic risks in lending. The conversation highlights the inadequacies of relying solely on credit scores, especially in the digital age. As AI changes the landscape, Kleinbard warns of a looming trust collapse in credit assessments, advocating for cash flow data as a more reliable alternative.