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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On May 2, the Federal Housing Administration published Mortgagee Letter 2023-09 to implement provisions of the Adjustable-Rate Mortgages (ARM): Transitioning from LIBOR to Alternative Indices final rule. For more information about the White House’s blog post, click here.

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Addressing Portfolio Risk in Economic Uncertainty: Part 2 (2022)

Fico Collections

Thu, 12/19/2019 - 16:29. 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. Figure 2: Auto finance account origination default rates by FICO® Auto Score 8 and FICO® Resilience Index 2, Oct 07-Oct 09. FICO Admin.

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APP Scams: What Impact Will the PSR’s Proposals in the UK Have?

Fico Collections

FICO Admin Tue, 07/02/2019 - 05:23 by Matt Cox VP and General Manager, EMEA expand_less Back To Top Thu, 02/09/2023 - 11:40 Of the £609.8 Measures such as the contingent reimbursement model introduced in May 2019 to reimburse “blameless” victims instead left many exposed. Will there be unintended consequences?

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Even in a Crisis, the Best Collections Strategy Is to Avoid Collections

Fico Collections

With as much as 50% of consumers experiencing financial difficulty soon, it's time to review your early and pre-collections strategy and processes. Tue, 07/02/2019 - 02:45. Wed, 09/07/2022 - 09:50. FICO Admin. by Bruce Curry. Senior Principal Consultant. expand_less Back To Top.

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Debt Collections on Tenterhooks with Six and Sevens following CFPB’s Reg F

Fico Collections

Tue, 07/02/2019 - 02:45. Mon, 09/19/2022 - 15:00. Consumer Financial Protection Bureau (CFPB) announced the final rules interpreting the Fair Debt Collections Practices Act (FDCPA) on July 30, which went into effect on November 30, 2021. in 2019, with an estimated population of 72.1 Embrace it. FICO Admin.

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Six Steps to Growth in a Global Economic Squeeze

Fico Collections

Many banks that thought they were ready for anything in 2019 are frantically reinventing themselves to build a bank that is impervious to disruption. Now consumers expect the same from financial services. Summarized below are six relatively quick steps to success.

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5 Scam Protections Customers Want from Their Bank

Fico Collections

Telecom, cloud, social media, and financial service providers collectively possess a holistic view of the fraud environment. Debbie has 25 years product management and product marketing experience in fraud management and financial services. Action: To combat fraud, collaboration should include live data exchanges.

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