blog covid-19-relief-checks 
Troutman Sanders
JULY 27, 2020
Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). Troutman Pepper has developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge. State Activities. For more information, click here.
Collection Industry News
MARCH 8, 2021
PIRG) released a study – “Consumers In Peril” – that reviewed the public complaint database of the Consumer Financial Protection Bureau (CFPB) and found consumer complaints about financial grievances spiked during the COVID-19 pandemic year of 2020. COVID-19 is a deadly respiratory illness that spreads from person to person.
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Fico Collections
AUGUST 20, 2020
The crisis did provide us with many important lessons and data points, which if used properly can help us manage collections and debt relief for the pandemic effects that we are facing now. This implies that a similar trend could be followed during the COVID-19 pandemic. Understanding Customers Under COVID-19.
Fico Collections
JANUARY 15, 2021
The COVID-19 pandemic cast a huge shadow on the financial services worldwide. The FICO Blog posts last year reflected that – we wrote about everything from the impact on collections, proactive lender communications with consumers, issues with fraud, and of course, how FICO® Scores were impacted. During the COVID-19 Pandemic.
Fico Collections
JANUARY 6, 2021
Posts dealing with debt collection were among the most popular on the FICO Blog last year, for obvious reasons. Debt Collection And Covid-19: What Past Crises Can Teach Us. Today, that would mean we did not identify the customers entering collections purely because of COVID-19. The duration of impact.
True Accord
JULY 16, 2020
The worldwide spread of COVID-19 has ushered in a wave of unprecedented health and economic uncertainty that has rippled through every aspect of life. Consumers chose to leverage CARES Act checks to pay off debts. For many people, the stimulus check represented their path to a clean financial slate.
CICM
FEBRUARY 25, 2021
Under the Corporate Insolvency and Governance Act 2020 (‘CIGA’), there are temporary restrictions that prohibit winding up proceedings where non-payment is Covid-19 related. The short answer is no, however, it is not as simple as it was before the Covid-19 pandemic. Prepare for the long haul.
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