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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On February 28, the New York Department of Financial Services (NYDFS) announced that Gemini Trust Company, LLC has committed to return at least $1.1 regulations allow utilities 10 business days. For more information, click here. For more information, click here.

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Survey: Do Customers Think Banks Are Fair to Scam Victims?

Fico Collections

According to the Australian Competition and Consumer Commission’s Scamwatch , for example, more than 57,000 scams were reported in the first two months of 2023 alone. More than 10% of these reports involved losses, which totaled A$96 million. More than 10% of these reports involved losses, which totaled A$96 million.

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Responsible AI: Are European Firms Ready for the Regulators?

Fico Collections

In banking and financial services within North America, our research shows that AI is an even higher priority now than 12 months ago for 52% of financial services organisations. Systems used in banking and financial services are firmly in scope and could be enforced as early as the second half of 2024.

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US Banks Feeling The Economic Slowdown As Profits Fall

Collection Industry News

JPMorgan, however, also saw a 10% increase in total net revenue to $32.7 Like other entities, Citigroup fared much better in its personal banking business than in investment banking, where revenue fell 64% to $631 million due in part to a lower appetite for mergers and acquisitions, said CEO Jane Fraser.

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Pre-Delinquency Measures for Financially Vulnerable Customers

Fico Collections

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. It’s driven by a combination of inflation, rising interest rates and higher energy costs.

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California Legislation Strengthens Consumer Protections for Servicemembers

Troutman Sanders

It goes into effect on January 1, 2023. It applies to any secured loan under which a covered borrower is financing the acquisition of personal property (other than motor vehicles, off-highway vehicles, trailers, or aircraft). Let us help you ensure our military members are rewarded for their valuable service to our nation.

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Is Hyper-Personalization a Game Changer for Fraud Management?

Fico Collections

Now seven out of 10 people expect a personalised experience. The vast majority of banks and financial services (88%) are also planning to step-up their hyper-personalization programs through analytics and machine learning. The areas of focus are originations and customer management.