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Integrating Judicial and Extrajudicial Strategies in Portfolio Management

Qualco

Judicial Strategy Implications and System Requirements Judicial strategies, which employ legal mechanisms to retrieve funds tied to non-performing loans, serve as a crucial safeguard for the financial health of an institution. These transitions can be configured to adhere to a four-eye or maker-checker pattern of approvals when necessary.

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CFPB’s Summer Edition of Supervisory Highlights Focuses on Auto Lending/Servicing and Debt Collection Practices

Troutman Sanders

The Bureau last did this in 2016 by announcing in Supervisory Highlights that auto finance companies should prohibit repossession agents from charging personal property storage and retrieval fees, and the Bureau followed that announcement with both supervisory activity and a consent order in 2020 on the same subject.