Drinks being served on a BOAC flight between Heathrow and Khartoum in 1964 - Mirrorpix/Getty Images If you are flying into Canada you may be able to get a free glass of wine even when travelling in economy. British Airways may offer you a complimentary coffee on a morning hop from London to Europe, while American Airlines has started offering champagne and gourmet coffee for premium seats. We are not yet going back to the 1960s world of glamorous “trolley-dollies” handing out non-stop food and drink on ...

Competitive Landscape & Market Dynamics - The industry is observing how lender choice impacts the adoption of different scoring models, including those from competitors like Vantagescore [2] - FICO scores are considered an industry standard due to their predictive accuracy over a long period [1][12] - The mortgage market has seen a slight pickup, but rates remain relatively high [19] FICO's Value Proposition & Pricing - FICO argues its score represents a small fraction (approximately $4.95) of the total closing costs (around $6,000) in a mortgage transaction, highlighting its value [11][14] - Despite past price increases (e.g., from sub $1.20 to almost $5), FICO believes its pricing remains a bargain considering the value it provides [13][14] - FICO aims to close the value gap and raise prices predictably, without shocking the system [12][13] Risk Assessment & Credit Standards - There are concerns that Vantagescore's looser credit standards could lead to a "race to the bottom," potentially increasing credit defaults and capital requirements [9] - While alternative data like rental history can be useful, the limited availability of such data in credit files is a challenge [7][8] - FICO emphasizes the importance of a minimum of six months of data for accurate scoring, contrasting with Vantagescore's one-month standard [8] Regulatory & Implementation Issues - The FHA is considering using both Vantage and FICO Classic scores, while FICO 20 is still approved [5] - FICO 20 outperforms Vantage, potentially qualifying 5% more borrowers and resulting in lower credit defaults [5] - FICO hopes for the public release of data from Fannie and Freddie that supports FICO's predictive accuracy [17][18]