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Collection Industry News
JULY 4, 2022
High-end retailer RH told investors Thursday (June 30) it expects consumer demand will continue to weaken through the end of the year. NEW PYMNTS DATA: HOW UTILITIES AND CONSUMER FINANCE COMPANIES CAN ENHANCE THE BILL PAYMENTS EXPERIENCE. But some trends seem inexorable. Big Ticket Demand Wanes. The kicker? Just 12% of them do.
Burr Forman
JANUARY 6, 2021
Max has experience representing investment banks, commercial banks, financial institutions and other commercial lenders in the origination of debt secured by real estate assets of all types, including office, retail, hotel, apartment, condominium, industrial and self-storage properties.
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Better Credit Blog
JANUARY 21, 2021
General Electric Capital Retail Bank, abbreviated as GECRB, is the former name for Synchrony Bank, and it’s probably on your report because you applied for a Synchrony card at some point in the past. Synchrony Bank, formerly GECRB, is a sizable, highly regarded national bank with nearly a century of experience. Ashley Furniture.
True Accord
OCTOBER 10, 2023
Of note for lenders, it issued guidance about certain legal requirements for specific and accurate reasons when taking adverse actions against consumers that lenders must adhere to when using artificial intelligence and other complex models. Bottom line: “the algorithm said so” doesn’t qualify as a reason. trillion in Q2, a 4.6%
True Accord
JANUARY 10, 2024
The Consumer Financial Protection Bureau (CFPB) has had its hands full overseeing actors across sectors–from regional and large banks to auto and online lenders to mortgage and credit agencies–in an ongoing effort to protect consumers in an ever-growing landscape of financial product offerings. trillion in Q3 2023, showing a 4.7% a year ago.
Better Credit Blog
JANUARY 15, 2021
Clarity Services is a third-party credit reporting company used by lenders to obtain data like your credit reports when you apply for funding. They specialize in subprime candidates, helping lenders with tough calls on applicants with poor credit or little to no credit history. Retail financing. Debt recovery. Installment loans.
Better Credit Blog
JANUARY 5, 2021
They partner with over 145 retailers and financers to offer cards and credit accounts. A hard inquiry could impact any of your credit scores, as some lenders only rely on one or two reports while others utilize all three. Bankruptcy. The credit accounts are issued by Comenity Capital Bank. Late payments. Debt collectors.
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