Remove 2019 01
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Seventh Circuit Finds Furnisher Not Liable Under FCRA Despite CRA’s Inaccurate Interpretation of Furnisher’s Reporting

Troutman Sanders

In 2019, the plaintiff allegedly submitted a dispute to a CRA regarding its reporting of her mortgage loan as currently delinquent when the loan had in fact been paid off through a short sale of the property in 2016. Also, the Date Closed was correctly furnished as “01-14-2016.” The plaintiff appealed.

Loans 40
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Despite Rapid Adoption of Digital Channels, Customer Trust Lags

Fico Collections

Tue, 07/02/2019 - 02:45. Wed, 01/04/2023 - 14:05. Though adoption of digital banking and e-commerce has grown substantially in the past three years, it isn't the case that all consumers prefer to use digital means, namely web portals or mobile apps, to apply for new accounts, cards, or loans. FICO Admin. by Sarah Rutherford.

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Cash Flow Data Can Improve Credit Access with an UltraFICO® Score

Fico Collections

Thu, 08/22/2019 - 12:37. Thu, 01/05/2023 - 16:00. Helping this group of Americans take the first steps on the ladder to mainstream credit scores, products and loans is crucial to ensuring they can benefit from the consumer protections of the traditional financial system. FICO Admin. by Joanne Gaskin. expand_less Back To Top.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. million disbursed for 2019. million disbursed for 2019. 58 as of 12:01 a.m. For more information, click here. Under Order No.

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Pre-Delinquency Measures for Financially Vulnerable Customers

Fico Collections

Despite many families so far managing to maintain their financial commitments — loans, credit card and mortgage repayments, as well as essential bills like utilities and rent — there are fears that rising inflation and interest rates may see a significant number struggle to make ends meet.

Lender 52
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Risk and Lending Predictions 2023: Hyper-Personalisation and More

Fico Collections

million UK households re-mortgage as their fixed-rate deals come to an end this year, heaping further pressure on budgets, as loan repayments rise due to the higher interest rates. The challenge will be further exacerbated as an estimated 1.4

Banks 52
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Application Fraud – Does Canada Need a New Approach?

Fico Collections

Tue, 07/02/2019 - 02:45. Tue, 11/01/2022 - 10:40. However, even with products being opened by far fewer people, such as mortgages and car loans, 12% had abandoned an application because of identity checks. FICO Admin. by Fernando Lopez. expand_less Back To Top. What do your customers think about how you are protecting them?