Collection Industry News

OCTOBER 10, 2022

The CFPB released a special edition of Supervisory Highlights on student loan servicing practices of loan servicers and schools lending to students directly. Servicers also provided borrowers with inaccurate information about their entitlement to progress toward loan forgiveness during the pandemic payment suspension.

Student loans 40

Student loans Student Loans Lender Loans 40

Fico Collections

FEBRUARY 10, 2023

Home Blog FICO Consumers Prioritize Mortgage Payments Over Auto What are the drivers behind this mortgage and auto loan payment hierarchy behavioral shift and is it likely to be a lasting trend? Mortgage and home loan accommodations peaked at 9% in June 2020.

Loans 52

Loans Lender Foreclosure 52

ABI

JANUARY 13, 2022

Sallie Mae , the United States Court of Appeals for the Second Circuit held that private educational loans may be discharged under § 523(a)(8)(ii) of title 11 of the United States Code (the “Bankruptcy Code”). [1] 1] Homaidan funded his college education, in part, with two private tuition loans from Navient that totaled $12,567. [2]

Education 40

Education Loans Student loans Student Loans 40

Fico Collections

DECEMBER 6, 2022

Tue, 03/23/2021 - 22:16. One more unknown is how the expiration of student loan payment deferment and the upcoming loan cancellation will impact the overall cash flow of consumers. US Bankcards Industry Benchmarking Trends: 2022 Q3 Update. Inflation takes hold, bankcards delinquencies surpass pre-pandemic levels.

Student loans 52

Student loans Student Loans Loans Retail 52

Fico Collections

AUGUST 16, 2022

Wed, 05/25/2022 - 03:43. The key is how these macrolevel measures impact individuals’ finances – all consumers are paying higher prices at the grocery store and gas station, but not all cash strapped consumers are shopping for loans or carrying large amounts of debt. US Bankcard Industry Benchmarking Trends: 2022 Q2 Update.

Credit Card Debt 52

Credit Card Debt Retail Financial services Government 52

Fico Collections

FEBRUARY 12, 2023

Home Blog FICO Top 5 Customer Development Posts of 2022: Digital Banking and Pricing Opti The most popular posts in our Customer Development category dealt with digital banking, optimizing credit line increases, loan pricing and machine learning for credit risk models. But competitive loan pricing doesn't need to be a downward spiral.

Banks 52

Banks Loans Startups Financial Institution 52

Fico Collections

JUNE 20, 2022

How Might Buy Now, Pay Later Loans Impact FICO® Scores? Key findings from FICO research on consumer credit files with recently opened Buy Now, Pay Later loans. Tue, 03/23/2021 - 22:16. NicholetteLarsen@fico.com. by Suna Hafizogullari. expand_less Back To Top. Mon, 06/20/2022 - 15:00. consumer credit files.

Loans 52

Loans Consumer Credit Credit Bureau Personal loans 52