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Expanding Access to Credit Through Alternative Data

Fico Collections

households that are “underbanked” – in other words, they have a checking or savings account but rely on some sort of alternative financial services provider, such as a payday lender, to meet their financial needs. This type of credit can be expensive compared to credit available through most mainstream banks.

Lender 52
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Pre-Delinquency Measures for Financially Vulnerable Customers

Fico Collections

Impact of Delinquency and Spotting Early Warnings Signs on At-Risk Individuals As lenders face increasingly higher numbers of customers who wouldn’t have ‘normally’ experienced financial distress, fallen into arrears or delinquency, spotting the early signs of financial stress are vital to success.

Lender 52
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What Is First-Party Fraud?

Fico Collections

Newer financial services providers are even more challenged, as well as telcos new to payment processing and retail finance. Bust-out fraud , also known as hit and run, can happen on many types of financial services. It’s quick and sometimes easy, with credit cards and loans being the easiest prey today.

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Covid to Cost-of-Living: Assessing Affordability in Uncertain Times

Fico Collections

Data can be further enriched with real-time credit bureau analyses and open banking insight to validate customers’ financial positions. He is a seasoned executive with 20 years global experience within the financial services industry, specializing in fraud and financial crime across all products and services.

Lender 52
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Is The CFBP's Position On Credit Reporting Statements Consistent With The Case Law?

FDCPA Defense

During the past three decades, district courts from around the country have repeatedly held that collectors may properly inform consumers about adverse credit consequences resulting from their failure to pay. Credit Bureau of Georgia, 555 F. Financial Credit Corp. MKM Acquisitions, LLC , 241 F. 2d 896 (N.D.