Collection Industry News

MAY 18, 2021

While consumer groups praised the bill for its recourse for consumers harassed by debt collectors, CUNA and NAFCU saw the bill as complicating the legal relationship between consumers, members and lenders. In the letter, Nussle stated, “Lenders rely on complete and accurate credit reports when underwriting loans.

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Debt Free Colorado

FEBRUARY 21, 2022

What is Colorado Uniform Consumer Credit Code (Colorado UCCC). The Uniform Consumer Credit Code (UCCC) is a Colorado state legislation governing how consumer credit is handled. Consumer credit transactions are governed by the UCCC, which is a code of conduct. Which States Have the UCCC.

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Titan Consulting

MAY 17, 2020

Several services now exist to help you establish a credit score or improve a poor credit score using non-traditional payment data such as rent, utilities and bank deposit balances. Rental agencies and alternative credit providers use the data to screen applicants and establish consumer credit scores.

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Troutman Sanders

OCTOBER 24, 2023

The proposed rule would allow people to break up with banks that provide bad service and would forbid companies that receive data from misusing or wrongfully monetizing the sensitive personal financial data. On October 17, the Bank of International Settlements (BIS) issued a guidance proposal titled, “Disclosure of Cryptoasset Exposures.”

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