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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). Troutman Pepper has developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge. You may access this interactive tool at [link].

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). Troutman Pepper has developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge. State Activities. For more information, click here.

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CFPB Complaints Shattered Records In COVID-19 Pandemic

Collection Industry News

PIRG) released a study – “Consumers In Peril” – that reviewed the public complaint database of the Consumer Financial Protection Bureau (CFPB) and found consumer complaints about financial grievances spiked during the COVID-19 pandemic year of 2020. COVID-19 is a deadly respiratory illness that spreads from person to person.

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Debt Relief Considerations After COVID-19 – Don’t Panic!

Fico Collections

The crisis did provide us with many important lessons and data points, which if used properly can help us manage collections and debt relief for the pandemic effects that we are facing now. This implies that a similar trend could be followed during the COVID-19 pandemic. Understanding Customers Under COVID-19.

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Top 5 Scores Posts of 2020: Keeping Credit Flowing During Uncertain Times

Fico Collections

The COVID-19 pandemic cast a huge shadow on the financial services worldwide. The FICO Blog posts last year reflected that – we wrote about everything from the impact on collections, proactive lender communications with consumers, issues with fraud, and of course, how FICO® Scores were impacted. During the COVID-19 Pandemic.

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Top 5 Debt Collection Posts for 2020: Pandemic Perspectives

Fico Collections

Posts dealing with debt collection were among the most popular on the FICO Blog last year, for obvious reasons. Debt Collection And Covid-19: What Past Crises Can Teach Us. Today, that would mean we did not identify the customers entering collections purely because of COVID-19. The duration of impact.

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Biden Wants to Shut Down Credit Bureaus – What Would That Mean for You?

Collection Industry News

See: Twitter Rips Apart Credit Karma’s Comically High Scores – Here’s the Right Way to Check Your Credit. In a CFPB blog post dated Jan. 28, Uejio stated his two main priorities would be “(1) relief for consumers facing hardship due to COVID-19 and the related economic crisis, and (2) racial equity.”