Troutman Sanders

NOVEMBER 4, 2021

In a report released on November 2, the Consumer Financial Protection Bureau (CFPB) found that credit report disputes more commonly occur among consumers in majority Black and Hispanic neighborhoods than consumers in majority white neighborhoods.

Student loans 59

Student loans Student Loans Retail Loans 59

Jimerson Firm

MARCH 24, 2021

Lenders, Developers, Environmental Professionals and others over the years have come to know the industry standard for conducting and reporting environmental due diligence, “ ASTM E1527 Standard Practice for Environmental Site Assessment: Phase I Environmental Site Assessment Process ”.

Lender 98

Lender Financial services Banks 98

Troutman Sanders

FEBRUARY 21, 2023

As previously reported here , on May 25, 2022, the Consumer Financial Protection Bureau (CFPB or Bureau) published a blog post , examining what it described as the “practice of suppressing payment data” by credit card issuers in connection with their credit reporting. Companies suppressed data to limit competition.”

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UK debt collections

AUGUST 16, 2022

This is according to financial data from insolvency specialists Begbies Traynor. The latest Begbies Traynor Red Flag Alert report has revealed the financial strain continuing to be faced by thousands of British businesses. The number of businesses in critical distress has increased by 37% in the past year. Automotive. Manufacturing.

Manufacturing 97

Manufacturing Retail Government Construction 97

UK debt collections

DECEMBER 14, 2023

The number of new retailers dropped from 38,900 in 2021 to 29,420 in 2022 which is the lowest since the data became available in 2017. Research by Simply Asset Finance in November revealed that 74 per cent of small businesses are worried about rising operational costs, while 70 per cent fear supply chain issues.

Retail 64

Retail Construction Banks 64

On Guard

APRIL 25, 2022

Amsterdam, 25 April 2022 – Finance professionals are less confident than two years ago when asked about data-driven working. The percentage indicating that they are already working completely data-driven has fallen from 12% in 2020 to 5% in 2022. Data is on the agenda. This has hardly changed in 2022 at 48%.

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Credit Corp

DECEMBER 12, 2022

Reports also show that 20% of American households claim to have past-due medical bills. To prevent this from happening, do some research. Start by researching the collection agency. This data may help you decide if the debt is yours or not. You can also contact your insurance provider to request a claims history report.

Debt collector 97

Debt collector Collection Agencies Collections Agency Collections 97

UK debt collections

JULY 5, 2023

The latest research analysis by Price Bailey (Accountancy firm) shows that restaurants closing is at its highest rate in a decade for the first three months of the year. The Quarter 1 data shows that over the last 12 months, 2,028 restaurants have closed. The report notes that 1,303 restaurants closed in 2021, an average of 3.1

Debtor 59

Debtor Loans Banks 59

On Guard

MAY 24, 2022

We see that technology has solved this problem in many cases and that far fewer finance professionals report that this is a reason for customers not to pay. About the research. Adriaan Kom, CCO of Visma | Onguard states: “A problem that fortunately has become a lot less prevalent in recent years is incorrectly sent invoices.

Collection Agencies 52

Collection Agencies Collections Agency Collections 52

Collection Industry News

JANUARY 13, 2024

trillion, according to data from the Federal Reserve Bank of New York (NYFRB). We also zeroed in on credit card debt data to identify which states had the highest levels of credit card debt in the country. between Q3 2022 and Q3 2023, the most recent term for which federal data was available. At the start of the year, U.S.

Credit Card Debt 40

Credit Card Debt Student loans Student Loans Bankruptcy 40

Collection Industry News

FEBRUARY 1, 2023

A new CFPB report estimates that medical collections tradelines declined by 37 percent between 2018 and 2022. Market Snapshot: An Update on Third-Party Debt Collections Tradelines Reporting” also found that medical debt constitutes a majority (57 percent) of all collections on credit reports.

Debt collector 40

Debt collector Healthcare Fair Debt Collection Collections 40

UK debt collections

JULY 28, 2022

New IPSE research finds that late payments have worsened despite recent government reforms, alluding that not enough is being done to crack down on companies that do not pay freelancers on time. Nearly one in five freelancers (18%) reported that they had to wait over three months for a payment. MINSTER LAW LIMITED (469 days).

Government 59

Government 59

Troutman Sanders

JANUARY 11, 2024

National Data Research, Inc. NDR), the plaintiff applied to a pre-med program at a school that required a background report from NDR as part of its application requirements. (NDR), NDR), the plaintiff applied to a pre-med program at a school that required a background report from NDR as part of its application requirements.

Judgment 52

Judgment 52

Fico Collections

AUGUST 29, 2022

FICO® Scores are dynamic and evolve as changes in consumer behavior are reflected in the underlying credit bureau data housed and managed by the three primary U.S. consumer reporting agencies (CRAs). The national average FICO® Score currently sits at 716, the same as when we last reported on it a year ago. in April 2022.

Credit Bureau 98

Credit Bureau Government Lender Loans 98

Fico Collections

DECEMBER 8, 2020

Every year, the financial technology industry eagerly awaits the Chartis Research RiskTech100. This prestigious ranking of the top 100 players in risk technology is determined by Chartis Research , the leading provider of research and analysis on the global market for risk and finance technology. Drumroll, please! What an honor!

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Collection Industry News

FEBRUARY 1, 2022

Equities research analysts expect that PRA Group, Inc. million in sales for the current quarter, Zacks Investment Research reports. PRA Group reported sales of $273.86 According to Zacks, analysts expect that PRA Group will report full year sales of $1.09 The business services provider reported $0.76

Loans 52

Loans Bankruptcy Collections Government 52

Fico Collections

NOVEMBER 21, 2022

FICO Ranks Top 5 in the 2023 Chartis RiskTech100® Report. FICO awarded first place in six categories on risk and compliance technology in the 2023 Chartis RiskTech100 ® Report, including Innovation for the sixth year in a row. FICO is a Top 10 RiskTech Company in the 2022 Chartis RiskTech100® Report. asokolowski. See all Posts.

Financial Institution 52

Financial Institution Retail Government 52

Collection Industry News

AUGUST 13, 2023

Americans’ credit card debt levels have just notched a new, but undesirable, milestone: For the first time ever, they’ve surpassed $1 trillion, according to data released Tuesday by the Federal Reserve Bank of New York. trillion, according to the New York Fed’s latest Quarterly Report on Household Debt and Credit.

Credit Card Debt 40

Credit Card Debt Student loans Student Loans Loans 40

Collection Industry News

MAY 19, 2023

from the fourth quarter of last year, the Federal Reserve Bank of New York reported Monday. Effects of robust spending To this point, credit card debt has been rising at the sharpest pace of any debt covered in the report, said Ted Rossman, senior industry analyst for Bankrate. Household debt balances set a fresh record high of $17.05

Credit Card Debt 52

Credit Card Debt Student loans Student Loans Loans 52

Fico Collections

JANUARY 12, 2022

I recently sat down with Sidhartha Dash, Research Director at Chartis Research, for a conversation about the technology and trends in enterprise fraud management. Improved access to data – and putting that new data to immediate use – was also one of the key themes in our conversation. by TJ Horan.

Financial Institution 52

Financial Institution Retail Banks 52

Troutman Sanders

DECEMBER 12, 2022

Among other things, the letter discusses Alameda Research, a defunct crypto trading firm and sister-company of bankrupt cryptocurrency exchange FTX, and its $11.5 On December 6, the CFPB issued its Semi-Annual Report to Congress for the period beginning October 1, 2021 and ending March 31, 2022. Hsu — inquiring about the U.S.

Financial services 52

Financial services Financial Institution Banks Lender 52

UK debt collections

MARCH 7, 2024

billion at the end of 2023, according to a report by Xero. The latest quarterly data shows small firms were paid, on average, 6.1 The research showed that small firms continue to face a challenging macroeconomic environment, as sales growth in the December festive period hit a three-year low.

Retail 73

Retail Debt Recovery Retrieval Trade 73

On Guard

JUNE 9, 2022

Deciphering the data landscape: Financial insights from the 2022 FinTech Barometer. Determining data insights with technology. Financial businesses are very enthusiastic to become more digitised and have data drive the business, but long-standing barriers are proving to be a roadblock.

Credit Management 52

Credit Management Collections 52

Troutman Sanders

MAY 27, 2022

On May 25, the Consumer Financial Protection Bureau (CFPB or Bureau) published a blog post , examining what it describes as the “practice of suppressing payment data.”. As a result, the CFPB reported that it has sent letters to the CEOs of “the nation’s biggest credit card companies,” asking them to explain this practice.

Lender 52

Lender Loans 52

Collection Industry News

NOVEMBER 8, 2021

In a report released on November 2, the Consumer Financial Protection Bureau (CFPB) found that credit report disputes more commonly occur among consumers in majority Black and Hispanic neighborhoods than consumers in majority white neighborhoods.

Student loans 40

Student loans Student Loans Retail Loans 40

True Accord

MARCH 5, 2024

And consumers reported an uptick in optimism about the financial state, according to Deloitte’s ConsumerSignals financial well-being index, which captures changes in how consumers are feeling about their present-day financial health and future financial security based on the consumer’s own financial experience.

Consumer Credit 85

Consumer Credit Student loans Student Loans Collections 85

True Accord

JULY 13, 2023

Showing unexpected resilience despite higher interest rates, a late-June Commerce Department report showed the U.S. On the regulatory front, data protection is making headlines. According to Experian’s June Ascend Market Insights report, new account originations were up 3.5% 9%) to $17.05 increase month over month in May.

Financial Institution 65

Financial Institution Student loans Student Loans Loans 65

On Guard

FEBRUARY 4, 2022

Big data and AI. Together, big data and AI can be particularly powerful credit management tools. Where previously data was treated in siloes, AI now allows vast swathes of data to be sifted and prioritised. Where previously data was treated in siloes, AI now allows vast swathes of data to be sifted and prioritised.

Credit Management 52

Credit Management Collections 52

Collection Industry News

DECEMBER 7, 2021

The news: Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra announced the regulatory body is planning a “range of regulatory interventions” following new CFPB research that showed banks still heavily rely on overdraft fees. Insider Intelligence. Want to read more stories like this one?

Financial Institution 52

Financial Institution Banks Collections 52

Fico Collections

FEBRUARY 7, 2023

Home Blog FICO Top 5 Scores Posts of 2022: Steady FICO Score, BNPL and Alternative Data 2022 marked the first year in over a decade the average FICO Score did not increase, while the industry’s attention remained on topics such as alternative data and BNPL. BNPL in Credit Reports: How Could This Data Impact FICO Scores?

Credit Bureau 52

Credit Bureau Loans Consumer Credit Lender 52

Fico Collections

JUNE 21, 2021

Lawsuits have a way of sobering up any metaphorical party and, in the wake of numerous high-profile racial bias and fairness cases, The Wall Street Journal reports that companies including Google, Twitter and Salesforce say they “plan to bulk up ethics teams responsible for evaluating the behavior of algorithms.”. Are they biased?

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Government 116

Fico Collections

NOVEMBER 23, 2021

This year our judges, in alphabetical order, are: Sidhartha Dash, research director at Chartis. Sid’s analyst research is focused on the intersection between risk management and high-performance analytics. Graham Rand, operational researcher and editor of Impact. He has an MBA from the Indian Institute of Management.

Manufacturing 52

Manufacturing Banks Financial services Debt Management 52

Nexa Collect

JULY 1, 2020

is known for its focus on data, metrics, and standardization. the standardization of one’s credit worthiness and reliability happened in the 1950’s when credit scores were invented by what would later become FICO, the foremost credit data analytics firm in the country. How to Dispute and Remove a Negative Item on your Credit Report.

Bankruptcy 130

Bankruptcy Lender Credit Unions Credit Unions 130

Collection Industry News

MARCH 22, 2022

The three major credit bureaus said nearly 70 percent of paid medical debt, which can drag down people’s credit scores, will be removed from consumer credit reports by July 1. Starting in the first half of 2023, the bureaus will no longer include medical collection debt under at least $500 on credit reports.

Consumer Credit 40

Consumer Credit Bankruptcy Collections 40

Troutman Sanders

DECEMBER 4, 2023

On December 1, the House of Representatives approved a resolution to repeal a Consumer Financial Protection Bureau (CFPB) rule that mandated banks to gather data on loan applications from women-owned, minority-owned, and small businesses to help lenders identify business development needs and opportunities. For more information, click here.

Financial services 52

Financial services Collateral Banks Trade 52

Collection Industry News

NOVEMBER 23, 2021

Under the Dodd-Frank Act, the CFPB must conduct an assessment of each significant rule or order it has adopted under federal consumer financial law and publish a report of each assessment no later than five years after the effective date of the rule or order.

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Loans Collections Education 40

Collection Industry News

MAY 11, 2021

On April 30, the CFPB released a report that analyzed the early impacts of Covid-19 on the financial status of consumers. The post CFPB Reports Changes In Consumer Financial Status During The Pandemic appeared first on Collection Industry News. Source: site.

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Credit Card Debt Credit Bureau Banks Collections 40