Hudson Weir

OCTOBER 18, 2024

You may well know what an intercompany loan is… But do you know what can happen if the borrowing company becomes insolvent, or enters liquidation? An intercompany loan can provide a quicker and less expensive way for a business to borrow funds. What is an intercompany loan?

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Nexa Collect

JUNE 27, 2023

Recovering unpaid student loans is a systematic process. Just like mortgage recoveries, the steps can vary depending on the jurisdiction and the terms of the loan. Offset Tax Refunds and Government Benefits : For federal student loans in the U.S., This can affect the borrower’s credit score.

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Credit Corp

AUGUST 4, 2020

Grants, scholarships and government programs can all be used to aid your pursuit of higher education. Student loans, including private and federal loans , are also commonly used to fund college. If you’re ready to find the right loan for you and your unique financial situation, we’ve got you covered.

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Loans Student loans Student Loans Government 96

Fico Collections

JANUARY 11, 2022

Last year we published a highly successful The 11 Commandments of Digital Banking eBook that introduced the 11 commandments: Digital lift-and-shift is not a strategy! In addition to a new blog post that will be published monthly over 5 months, we are also excited to launch the following event: LinkedIn Live on Digital Banking.

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Banks Financial Institution Financial services Government 98

True Accord

APRIL 28, 2025

Job gains showed up in health care, social assistance, transportation and warehousing, along with retail trade, which reflected the return of workers from a strike, while federal government employment declined as a result of wide-reaching layoffs. trillion and auto loan balances increased by $11 billion to $1.66 4.50% in March.

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Credit Corp

MARCH 21, 2023

million Americans have student loan debt, which totals over $1.7 If you owe tens of thousands of dollars in student loan debt, you’re not alone. million Americans have some form of federal or private student loan debt. Not only can you not declare bankruptcy on many forms of student loan debt, but it can also harm your credit.

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Student loans Student Loans Loans Education 98

Credit Corp

NOVEMBER 5, 2021

Did you know that many traditional banks use your deposits to fund companies that may not align with your values? Fortunately, there’s a simple solution: switching to a socially responsible bank that puts money in causes you believe in. How do you know if a bank is socially responsible? If you didn’t, you’re not alone.

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Nerd Wallet

DECEMBER 27, 2021

Small business loans for New York City small businesses can come from many sources—from local government-guaranteed programs to national banks that lend especially to NYC businesses, options abound for NYC business owners who need access to small business funding. Meredith Wood writes for NerdWallet.

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UK debt collections

FEBRUARY 16, 2021

Plans to create a Nationwide Debt Collection service to recoup unpaid covid Business support loans have hit a brick wall according to latest reports. £45 45 Billion pounds have been lent to Small Businesses to help them through the pandemic over the last year by UK banks. The programme will see recipients start to pay 2.5%

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Credit Corp

AUGUST 18, 2021

Thinking it’s time to break up with your bank? Unfortunately, some banks don’t make the process as simple as they could. This leads many people to keep unused bank accounts much longer than they should. Each bank has a different policy for closing out accounts. Transfer it to a new bank account.

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Banks Government Loans 76

Qualco

NOVEMBER 28, 2023

This e-Guide discusses how creditor organisations can go about building the skills and competencies within their own workforce to enable better governance, compliance, and credit management. However, in a small number of credit businesses, the right strategies for systems and people have not been set. Download it here.

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Better Credit Blog

DECEMBER 9, 2021

Quicken Loans began in 1985, and after changing its name from Rock Financial, the company switched its focus from traditional mortgages to becoming one of the leaders in the online mortgage world. Quicken Loans offers a variety of different types of loans, and you can complete the process entirely online. Ads by Money.

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Troutman Sanders

DECEMBER 20, 2023

A group of non-profit consumer advocacy organizations, the Conference of State Bank Supervisors, and the American Association of Residential Mortgage Regulators filed two separate briefs asking the U.S. The case arose out of the plaintiffs’ home mortgage loans with the defendant. On September 15, 2022, the U.S. On October 13, the U.S.

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Public Citizen

SEPTEMBER 3, 2020

Odinet of Iowa has written Predatory Fintech and the Politics of Banking, Iowa Law Review (2021 Forthcoming).  Scholars and supporters from both the public and private sector proclaim that innovations in financial technology will “bank the unbanked” and open new channels to affordable credit. Christopher K.

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Troutman Sanders

FEBRUARY 6, 2024

Recently, Lead Bank and its loan servicer Hyphen, LLC, an online lending platform operating Helix Financial, filed a motion to dismiss a purported class action alleging violations of the Georgia Installment Loan Act (GILA) and Georgia racketeering law arising out of a consumer installment or “payday loan.”

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Better Credit Blog

JUNE 1, 2022

In those cases, student loans can be a valuable resource. If you’re looking for a loan to help fund your education, you have plenty of options. Read on to learn which types of student loan might work best for you. Table of Contents: Federal Student Loans. Private Student Loans. Student Loan Refinancing.

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Nexa Collect

APRIL 27, 2022

Most doctors (and dentists) who do private practice, struggle to cope with never-ending government regulations and mandates, a constant fear of frivolous lawsuits, dealing with insurance companies, and loss due to unpaid patient bills. These include government rules, credit scoring models and even credit bureaus.

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UK debt collections

JULY 25, 2022

The move is seen as the Insolvency Service ramping up its actions against deliberate fraud for government backed emergency Covid-19 loan schemes. Last year, government ministers introduced new legislations that gave the Insolvency Service powers to investigate and punish directors that abused the system to escape their creditors.

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Loans Customs Official Government Trade 59

Credit Corp

APRIL 2, 2024

You can open an account with a traditional bank, set up an online bank account , or choose a neighborhood credit union. As you’re reviewing your options, you may see some claims that credit unions are better than banks. Why is a credit union better than a bank for some people? Auto loans. Personal loans.

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Credit Corp

APRIL 5, 2021

Student loans get a bit of a bad rep in the news related to the amount of debt they cause. But if you’re looking to advance your career with a necessary degree, student loans might offer a way to pay for your education so you can improve your future. So how do student loans work? How Does Paying Back Student Loans Work?

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Student loans Student Loans Loans Education 64

Nexa Collect

JANUARY 19, 2022

Repercussions can include wage garnishment, frozen bank account and other assets. This diminishes the chances of securing a new loan, getting a good job and even finding a new apartment to live in. Collection laws vary by state , but there are provisions in every state on how the unpaid debt can be recovered. Image source: [link].

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Fico Collections

NOVEMBER 19, 2020

The latest positive scheme to be hijacked by criminals is the UK government's bounce back loan scheme for businesses. Bounce back loan fraud is being forecast at £15-26 billion. And unfortunately, as long as a simple fraud check was performed, the government has 100% liability for these loans, which means the UK taxpayer does.

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UK debt collections

OCTOBER 27, 2022

The boss of Santander UK says the bank is putting aside more money for potential unpaid mortgage debt defaults linked to the cost of living crisis. This follows a sharp rise in customers falling behind on mortgage and loan payments. Santander UK has about 11% of the mortgage market, a book of £184bn of home loans as of July.

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Banks Loans Lender Government 59

Fico Collections

JULY 29, 2020

This all points to the likelihood of a protracted period of economic uncertainty as governments act to contain outbreaks when, and where, they appear. The six month pause on payments instituted by Australian Banks was certainly not designed to accommodate the situation we now find ourselves in. Source: [link].

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Better Credit Blog

MAY 11, 2022

million people carry some form of student loan debt, with most averaging around $39,000 —although many of us have a lot more. Refinancing your student loans could help lower your monthly payments and reduce your overall repayment amount. Keep reading for a deep dive into our picks for the seven best student loan refinancing companies.

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Student loans Student Loans Loans Lender 71

Credit Corp

MAY 19, 2021

The organization also warns that nobody will call you and ask you for your Social Security number, bank account numbers, or credit card numbers. Use only your official state and city government sites to find appropriate places and ways to receive the COVID vaccine. Student Loan Scams. How to Protect Yourself.

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Student loans Student Loans Loans Government 98

Burr Forman

JANUARY 26, 2021

PPP loans received by individuals and businesses under the CARES Act will be audited (“reviewed”) by the SBA. PPP loans of $2 million or more will automatically be audited by the SBA. Many PPP loans of less than $2 million will be audited as well. PPP loan audits are being handled by the SBA.

Loans 52

Loans Banks Government Collections 52

Troutman Sanders

DECEMBER 28, 2023

McDuffie introduced B 25-0609 , entitled the Protecting Affordable Loans Amendment Act of 2023, that proposes to opt the District of Columbia out of sections 521-523 of the Depository Institutions Deregulation and Monetary Control Act (DIDMCA). export” their home state’s interest-rate authority).

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True Accord

AUGUST 25, 2020

Banks are accelerating their adoption of new digital debt collection tools in anticipation of a “tidal wave of consumer debt issues” when government stimulus programs end and financial institutions stop offering forbearance and loan deferral options. Challenge #2: Narrow, channel-specific use of machine learning.

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Fico Collections

FEBRUARY 18, 2021

Against a backdrop of uncertainty and financial instability, the importance of banks and the role they play at both a local and global economic level has never been higher. Banks in some markets have seen new opportunities present themselves because of the pandemic, in particular the acceleration of new digital processes and technologies.

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Collection Industry News

JANUARY 3, 2022

to block bank mergers to attacking bank overdraft fees, Mr. Chopra is moving aggressively. If the CFPB’s inquiries into “Buy Now Pay Later” credit and pawn loans are a leading indicator, it seems only a matter of time before Mr. Chopra revisits the perpetual progressive irritant—payday loans.

Loans 52

Loans Banks Government Collections 52

Troutman Sanders

JANUARY 17, 2023

Department of Justice (DOJ) announced that an agreement has been reached to resolve redlining allegations against a Los Angeles-based bank. Further, unlike at its branches in majority-white areas, the bank allegedly did not assign any employee to generate mortgage loan applications at that branch. Spend at least $1.75

Banks 52

Banks Loans Lender Education 52

Collection Industry News

FEBRUARY 14, 2022

In one of the first efforts to tally the impact of recent overdraft fee reforms, a new analysis finds that changes under way at just five banks could save consumers more than $2 billion annually. The Pew Charitable Trusts reviewed announcements last month by Bank of America, Wells Fargo, U.S. Bank of America and U.S.

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Banks Loans Retail Government 52

Better Credit Blog

DECEMBER 22, 2021

If you have multiple debts, such as overdue credit cards you need to pay down, a debt consolidation loan might be able to help you to better keep track of what you owe by getting it all in one place, perhaps even at a lower interest rate. How Debt Consolidation Loans Work. When Might It Make Sense To Get A Debt Consolidation Loan.

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UK debt collections

FEBRUARY 28, 2024

Rising interest rates, high inflation, cash-strapped consumers, the end in government support for energy bills, the repaying of Covid support loans and strike action are all contributing factors to the insolvency figures during the period. The longer rates stay at current levels, the more restaurant businesses are likely to succumb. “As

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Account Recovery

SEPTEMBER 5, 2024

.” About SpringFour:Founded in 2005, SpringFour is the first-of-its-kind, leading financial health fintech that empowers banks, credit unions, fintech lenders, employers, loan servicers, mortgage insurers, nonprofits, and organizations across all industries to connect consumers with vetted, local nonprofit and government financial health resources. (..)

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True Accord

JUNE 20, 2024

This constitutionality case was brought by representative groups of the payday loan industry, the Community Financial Services Association of America and the Consumer Service Alliance of Texas, alleging that the CFPB’s funding mechanism is unconstitutional under the Appropriations Clause.

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