Fico Collections

DECEMBER 8, 2022

As seen in Figure 1, in the unstressed economy of 2013-15, this would have aligned with a simple FICO® Score cut-off of 640 or higher. Figure 1: Auto finance account origination default rates by FICO® Auto Score 8, Oct 13-Oct 15 and Oct 07-Oct 09 versus a theoretical 3% default rate cut-off. Economic Scenario. Economic Scenario.

Lender 52

Lender Acquisition Financial services Loans 52

Fico Collections

JULY 15, 2022

Financial Inclusion Using Analytics. Mon, 02/21/2022 - 07:59. Fri, 07/15/2022 - 08:15. The lending and financial services industry can provide that social good, as long as it's done in a way that is both responsible and fair. Then, again, with our FICO ® Score Open Access program that we launched in 2013.

Lender 52

Lender Education Acquisition Financial Institution 52

Consumer Financial Services Law

OCTOBER 13, 2016

Banks and credit union should review their compliance management systems to insure they adequately address and are consistent with the FDCPA, as well as CFPB Bulletin 2013-07, both of which set forth debt collection practices that are deemed unfair, deceptive and abusive.

Credit Unions 40

Credit Unions Credit Unions Banks Collections 40

FDCPA Defense

MARCH 2, 2014

The CFPB has provided some guidance on UDAAPs in the bulletin it released in July 2013 and in the Examination Manual that it published in 2012. See CFPB Bulletin 2013-07, July 10, 2013, Prohibition of Unfair, Deceptive, or Abusive Acts or Practices In The Collection Of Consumer Debts, at p. f/k/a NCO Group, Inc. (“NCO”).

Debtor 40

Debtor Banks Original Creditor Collections 40