Troutman Sanders

DECEMBER 4, 2023

The Senate Banking Committee questioned Chopra on the CFPB’s oversight of financial institutions providing benefits under the Servicemembers Civil Relief Act (SCRA), medical debt collection, so-called “junk fees,” and the increasing popularity of buy now, pay later (BNPL) products. For more information, click here.

Financial services 52

Financial services Collateral Banks Trade 52

Debt RR

DECEMBER 13, 2019

A B2B company may be in financial trouble because it’s having trouble collecting on its own outstanding invoices. If collateral is seized, it often occurs in court, leaving a record for other partners and vendors to dig up. Retailers Gymboree, Charlotte Russe, Payless, Roberto Cavalli, and Diesel filed Chapter 7 bankruptcies in 2019.

Chapter 7 bankruptcy 43

Chapter 7 bankruptcy Bankruptcy Creditors Retail 43

Collection Industry News

JANUARY 13, 2024

Household debt in the “Other” category — which includes retail cards and other consumer loans — also saw a substantial increase of 7.7% However, while mortgages and auto loans, for example, are backed by collateral that likely eventually become a pure asset, credit card accounts are simply debt on a ledger. over the same period.

Credit Card Debt 40

Credit Card Debt Student loans Student Loans Bankruptcy 40

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. Retail Credit Analytics.

Banks 52

Banks Financial services Lender Financial Institution 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. For FICO, customer development means working with customers through all the stages of the lifecycle – from marketing to originations to customer management. Here are our top 5 posts from 2020. #1.

Acquisition 52

Acquisition Loans Financial Institution Lender 52

Collection Industry News

SEPTEMBER 29, 2020

million in light of the unprecedented financial distress being experienced by small businesses all across the county, including especially by small retailers and manufacturers, restaurants and services providers. million to $7.5 The increased debt limit, which became effective February 20, 2020, includes a one-year sunset.

Bankruptcy 45

Bankruptcy Creditors Debtor Lawyers 45