Fico Collections

JULY 29, 2020

At the beginning of the lockdowns a former colleague described the problem facing financial institutions as a ‘portfolio of good quality customers facing a temporary shock to their income, all they need is a bit of immediate assistance’. Financial Cliff: More Problems to Come. Financial Cliff: Rethinking Hardship.

Banks 95

Banks Loans Foreclosure Lender 95

The Kaplan Group

MAY 3, 2022

Depending on the loan type, you may need to meet some financial qualifications, including: Have a healthy credit score Demonstrate a solid business history (For new businesses) share a detailed business plan Potentially offer up collateral. They may even know about some local lenders that are happy to do business with veterans.

Loans 52

Loans Lender Credit Unions Credit Unions 52

Fico Collections

JANUARY 8, 2021

In this category, COVID-19 was a pressing topic but didn’t dominate the discussion as it did in the Debt Collection & Recovery category. Financial institutions in particular, given their central place in a nation’s economy, need to lead this digital connect. Here are our top 5 posts from 2020. #1. Value of Cloud-Based Systems.

Acquisition 52

Acquisition Loans Financial Institution Lender 52

Debt RR

AUGUST 3, 2020

Bank account garnishment is a collection procedure that is authorized by a court. Common reasons for bank account garnishment in Texas include: Private creditors: These are banks, credit unions, credit card companies, peer-to-peer lenders, hard money loan providers, and other financial institutions.

Garnishment 40

Garnishment Banks Student loans Student Loans 40

Troutman Sanders

MARCH 23, 2023

On March 29, the New Mexico Financial Institutions Division of the Regulation and Licensing Department’s (NM FID) new rule on the New Mexico-Annual Percentage Rate (NM-APR) becomes effective. Fees paid to a public official relating to the extension of credit, including fees to record liens, are excluded.

Collateral 52

Collateral Financial Institution Loans Lender 52

Troutman Sanders

JUNE 14, 2023

The proposed guidanceadvises on policies that financial institutions may implement to allow consumers to provide financial institutions with information that may not have been considered during an appraisal or if deficiencies are identified in the original appraisal. For more information, click here.

Financial services 52

Financial services Financial Institution Student loans Student Loans 52

Troutman Sanders

AUGUST 1, 2023

On July 27, the Senate passed its version of the National Defense Authorization Act (NDAA) bill, which includes a provision that tightens oversight over financial institutions engaged in crypto trading and takes aim at crypto mixers and “anonymity-enhancing” crypto assets. The amendment, led by U.S. For more information, click here.

Financial services 52

Financial services Financial Institution Debt collector Fair Debt Collection 52

The Kaplan Group

NOVEMBER 7, 2023

Some online lenders impose higher interest rates and fees. It’s worth noting that while online lenders may market their services to women, they are available to anyone meeting the loan’s qualifications. It may be the first time you’ve reached out to a lender for money, but it doesn’t have to be a scary process.

Loans 52

Loans Lender Banks Collateral 52

Fico Collections

JANUARY 27, 2022

This indicates that in the UK those most under financial pressures are those with the higher balances, and this may also be the result of more lax collection approaches taken earlier in the pandemic. Over the coming months, having a strong collections process will be essential. Source: FICO Benchmarking Service. .

Banks 52

Banks Financial services Lender Financial Institution 52

Troutman Sanders

DECEMBER 4, 2023

On December 1, the House of Representatives approved a resolution to repeal a Consumer Financial Protection Bureau (CFPB) rule that mandated banks to gather data on loan applications from women-owned, minority-owned, and small businesses to help lenders identify business development needs and opportunities.

Financial services 52

Financial services Collateral Banks Trade 52

Troutman Sanders

MAY 2, 2023

The proposed rule would require lenders to assess a borrower’s ability to repay a PACE loan, as well as provide a framework for how these loans will be treated under the Truth in Lending Act. government securities, cash, and repurchase agreements collateralized by U.S. For more information, click here. of its total assets in U.S.

Financial services 52

Financial services Trade Consumer Credit Government 52