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Continuous Financial Education for Women Small Business Owners

Fico Collections

The panel, supported by our Score A Better Future ( SABF ) program, was moderated by Marsha Barnes, Founder and CEO of The Finance Bar. It should be noted that while a strong business credit profile could help qualify for better financing, many lenders will still check the business owners’ personal credit management before issuing a loan.

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5 Best Car Refinance Companies

Better Credit Blog

Refinancing your auto loan can help reduce your current interest rate and monthly repayment while decreasing the total interest you pay. for every refinanced auto loan.”. Read on to discover our picks for the 5 companies with the best auto refinance rates to maximize your savings and make refinancing your vehicle easier.

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Four Wheelin’: Fighting Auto Finance Application Fraud

Fico Collections

But for criminals, working individually or in fraud rings, these vehicles (or any vehicle, for that matter), present an attractive opportunity: finance the vehicle, sell it illicitly, and pocket the cash. An estimated 10% to 15% of auto finance companies’ bad debt book actually classifiable as first-party fraud.

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CFPB Filed A Judgment Against An Illinois-based Payment Processor

Collection Industry News

On January 18, the CFPB filed a proposed final judgment against an Illinois-based third-party payment processor BrightSpeed Solutions and its founder Kevin Howard (collectively, “defendants”), which ceased operations almost three years ago, settling claims that the defendants facilitated payments for telemarketing fraudsters targeting seniors.

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FTC Proposed Ground-Breaking Federal Regulation of Motor Vehicle Dealer Sales Practices

Troutman Sanders

The Federal Trade Commission (FTC) has proposed a new and historic federal regulation specific to car dealers to address concerns of consumer deception in the sales process. Prohibit a laundry list of specific kinds of misrepresentations in the sales process. Trigger disclosure for monthly payments.

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Q2 Industry Insights: Higher Monthly Expenses for Consumers, Regulatory Guidance for Financial Institutions

True Accord

With tumult in the banking industry in Q2 and inflation and economic stressors persisting, the financial outlook for American consumers remains uncertain. The ending of various pandemic-era benefits including the pause on student loan payments will impact consumers in the coming months. What’s Impacting Consumers and the Industry?

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The importance of Debt Collections and Debt Collectors

CICM

Many businesses strive to make transactions straightforward for their clients and customers, with automation and advanced notice of payments. This delay in payment could occur because of a misunderstanding, a financial issue, an unresolved query or simply because they had forgotten to pay what they owe.