This is huge, as research shows cash flow data about someone’s deposit account is more reliable of an indicator as to the ability to manage credit than a credit score.

What’s left to be determined is how this data and its sharing is regulated by regulators.

https://finreglab.org/cash-flow-data-in-underwriting-credit/

Seems like this could also benefit those that have had their identity stolen.

Oh, god no. It’s already hard enough to game the credit system to get a mortgage. (Get lots of credit cards, but not too many. Use them, but not too much. Use some of them, but not all, etc, etc…)

Now, they’re going to create arbitrary rules about spending and deposit records and make people game those too. Uggh.

It'll most likely see how payoffs occur, when they occur, and if credits are always greater than debits (think asset credit, not debit card "credit").

I think it'll wholly weed out people who are shitty with money. We wouldn't have ridiculous housing for 3% down if each schmuck that knew how to game the credit system but can't balance a checkbook couldn't get a loan.