Troutman Sanders

NOVEMBER 13, 2023

Among other things, the updated draft includes the following: ○ Employees of debt collectors are not required to be licensed under the DCLA when acting within the scope of their employment by a licensed debt collector; ○ A creditor, including a provider of nonfinancial services, seeking repayment in its own name of consumer debt arising from a consumer (..)

Financial services 52

Financial services Manufacturing Debt Management Debtor 52

Fico Collections

DECEMBER 8, 2022

Nowhere across the consumer credit lifecycle are the stakes higher than in early-stage collections, where the uncertainty of outcomes and the range of treatment options is the greatest. Figure 2: FICO® Resilience Index delinquent consumer sensitivity profile comparisons. penetration rate) of live-agent calls (Figure 1).

Trade 52

Trade Lender Acquisition Collections 52

Fico Collections

JULY 9, 2021

Many credit unions and smaller regional banks already have an existing relationship with a partner that include solutions to help them with business challenges such as fraud monitoring, risk profiling and customer communications.

Acquisition 52

Acquisition Credit Unions Credit Unions Financial Institution 52

Fico Collections

JULY 9, 2021

Many credit unions and smaller regional banks already have an existing relationship with a partner that include solutions to help them with business challenges such as fraud monitoring, risk profiling and customer communications.

Credit Unions 52

Credit Unions Credit Unions Acquisition Banks 52

Troutman Sanders

OCTOBER 18, 2022

1987 (i)(6) (“The term “consumer credit” … does not include a loan procured in the course of purchasing a car or other personal property, when that loan is offered for the express purpose of financing the purchase and is secured by the car or personal property procured.”).

Loans 52

Loans Lender Closed-end credit Acquisition 52

Fico Collections

MARCH 8, 2021

Over the past several years, we’ve helped lenders develop on-ramps to mainstream credit using alternative data for those seeking financial inclusion. Our research finds that alternative data sources that demonstrate a consumer’s ability to manage their finances are predictive of consumer credit risk.

Lender 52

Lender Credit Bureau Acquisition Financial services 52

Fico Collections

AUGUST 10, 2022

Easier to qualify for, BNPL has given shoppers, particularly those with little or no credit history, the ability to access – or stack - multiple BNPL arrangements at once without them appearing in bureau data used to assess consumer credit risk. There is greater focus on the impact of their actions on future customer wellbeing.

Lender 52

Lender Banks Loans Acquisition 52