Sat.Jul 03, 2021 - Fri.Jul 09, 2021

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Bankcard and Auto Industry Versions of FICO® Score 10 Now Available

Fico Collections

Following the release of the FICO® Score 10 Suite for lenders in 2020, FICO has announced the general availability of industry-specific versions of FICO® Score 10 for U.S. The industry-tailored scores in the FICO® Score 10 suite are now available from all three major U.S. auto lenders and credit card issuers.

Lender 98
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CFPB Report Highlights Supervisory Findings of Wide-Ranging Violations of Law in 2020

Collection Industry News

— The Consumer Financial Protection Bureau (CFPB) this week issued a report highlighting legal violations identified by the Bureau’s examinations in 2020. The actions we took in 2020 mitigated some of that harm, but consumers are still struggling, and we will stay vigilant.”. important; padding-bottom:1em!

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Should You Keep Investing at All-Time Highs?

Credit Corp

” in late March 2020. It measures a stock’s p rice against that company’s e arnings over the previous 10-years (i.e. I just know it averages ~10% gains every year! And if someone convinces you they do have that skill, you have two options. They might be skilled. Or they’re interested in your bank account.

Trade 98
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Monthly Accounts Receivables Roundup for June 2021

Katabat

As noted in the first item, above, the CBO doesn’t see that average of 2% happening for at least the next 10 years.). In 2020, more than 18 percent of millennial renters said they planned to rent forever, up from 12 percent in 2019 and 11 percent in 2018, with most saying they simply cannot afford homeownership.

Lender 52
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Monthly Accounts Receivables Roundup for June 2021

Katabat

As noted in the first item, above, the CBO doesn’t see that average of 2% happening for at least the next 10 years.). In 2020, more than 18 percent of millennial renters said they planned to rent forever, up from 12 percent in 2019 and 11 percent in 2018, with most saying they simply cannot afford homeownership.

Lender 52
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CFPB Publishes Spring 2021 Rulemaking Agenda

Collection Industry News

In June 2020, the CFPB proposed amendments to Regulation Z to address the anticipated expiration of the London Inter-Bank Offered Rate (LIBOR)—a commonly-used index for calculating the interest rate on variable-rate consumer credit products. Both Parts of the debt collection rule are scheduled to take effect on November 30, 2021.