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CFPB’s Planned Overdraft Crackdown Could Signal More Pro-Consumer Efforts On The Way

Collection Industry News

Three of the country’s largest financial institutions (FIs)—Bank of America, JPMorgan Chase, and Wells Fargo—generated 44% of the total overdraft fees that year by banks with assets greater than $1 billion. Current subscribers can access the entire Insider Intelligence content archive here. Insider Intelligence.

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Lenders Should Consider Using "Pooled Models" When Making Originations Decisions

Fico Collections

A pooled model is a scoring model built on “pools” of historical data from many financial institutions. No data is required from the customer because it’s built on pools of historical data from other financial institutions. What Is a Pooled Model? Pooled models can be licensed as “off-the-shelf” and quickly used.

Lender 52
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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

For more information, click here.