Troutman Sanders

NOVEMBER 13, 2023

On November 6, the Bank of England, Financial Conduct Authority, and Prudential Regulation Authority issued guidance explaining how current and proposed regulatory regimes governing “e-money, stablecoins, and tokenised bank deposits” will interact, indicating that applicable financial institutions will be subject to dual or triple regulation.

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Financial services Manufacturing Debt Management Debtor 52

Collection Industry News

DECEMBER 17, 2023

. “Every quarter that interest rates stay high results in more developing countries becoming distressed—and facing the difficult choice of servicing their public debts or investing in public health, education, and infrastructure. Surging interest rates have intensified debt vulnerabilities in all developing countries.

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Titan Consulting

SEPTEMBER 22, 2020

State and Federal Regulations for Debt Settlement. Consumers in need of debt relief have three primary options to reduce their debt: credit counseling, debt settlement, or bankruptcy. Credit counseling requires the repayment of the debt in full. Credit counseling agencies offer debt management plans or DMPs.

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Fico Collections

SEPTEMBER 30, 2022

Mark Feeley has over 30 years’ experience in global capital markets, consulting and associated technologies, focusing on risk management, front- and middle-office platforms and data management. Nominations are due October 28, 2022, and winners will be announced January 26, 2023.

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Retail Startups Banks Financial services 52

Debt RR

AUGUST 3, 2020

Bank account garnishment is a collection procedure that is authorized by a court. When a creditor or a government authority sues a business or individual for an unpaid debt, one of the options for settling is for the court to give the creditor the right to pull the funds from a bank account. How Long Do Bank Levies Last for Businesses?

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Fico Collections

MARCH 2, 2021

In fact, a number of high street banks and financial institutions are looking at ways to incorporate Open Banking affordability and transaction-based analysis directly into default scorecards, to help supplement scores and datasets. Open Banking Is Part of the Answer.

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Banks Debt Management Financial services Financial Institution 52

Collection Industry News

JUNE 17, 2024

Ridley, who helps clients manage debt, offered some general advice for debt management. You’re on a sinking ship called ‘Debt’, but I’m handing you a life jacket and a map to dry land. Here’s how you swim to shore: Assess the situation: Get real with your debts. Take your eye off your credit score.

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Credit Card Debt Student Loans Student loans Loans 40

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’.

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Banks Loans Foreclosure Lender 95

Qualco

MAY 11, 2022

Customer segmentation, the process by which businesses divide their customers based on similar key characteristics, is a powerful tool for financial institutions. TIME TO OPTIMISE YOUR COLLECTIONS BY LEVERAGING SEGMENTATION. Segmentation is a powerful tool, regardless of the challenges it brings.

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Fico Collections

JANUARY 26, 2022

2021 saw debt collection and recovery professionals grappling with new regulations while they developed better ways to monitor and handle vulnerable customers during the pandemic. Collection strategies and apportioning of related costs are therefore concentrated on the appropriate customer level cases.

Collections 52

Collections Student Loans Student loans Government 52

Katabat

APRIL 7, 2021

Katabat’s full suite of debt management solutions help lenders, financial institutions and debt collectors streamline communications and optimize engagement throughout the entire debt collection lifecycle. The post Katabat Powers the Future of Collections appeared first on Katabat.

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Fico Collections

JULY 14, 2021

In today's environment, how do you transform your debt resolution function and create lasting success? Hoist Finance, the consumer debt purchaser working with banks and financial institutions across Europe, has had tremendous resultswith digital collections using the FICO® Platform. Further Collections Success.

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Collections Financial Institution Banks Debtor 78

Katabat

DECEMBER 27, 2019

In fact, a recent report from TransUnion found that one in five collection firms are offering mobile payment options including Paypal, Venmo, and Zelle. Consent Standards : Easing the collection of express consent across multiple mobile numbers. Prepares Clients for the Future of Debt Collection appeared first on Katabat.

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Collections Financial Institution Debt Management Debt collector 40

Katabat

DECEMBER 16, 2019

16, 2019 — Katabat, a leading global supplier of debt management software solutions, has delivered a significant release of its software, Katabat 9.0, We always focus on improving our clients’ experience with each major release of our debt collections software,” said Katabat CEO Ray Peloso. WILMINGTON, Del.,

Debt Management 69

Debt Management Financial Institution Debt collector Lender 69

Troutman Sanders

MARCH 14, 2023

On February 28, the Financial Crimes Enforcement Network of the U.S. Department of Treasury (FinCEN) issued an alert , warning financial institutions to be vigilant in identifying and reporting check fraud schemes targeting the U.S. For more information, click here. Mail after a nationwide surge in such activity.

Financial services 52

Financial services Student Loans Student loans Loans 52

Troutman Sanders

MARCH 6, 2023

On February 28, the Financial Crimes Enforcement Network of the U.S. Department of Treasury (FinCEN) issued an alert , warning financial institutions to be vigilant in identifying and reporting check fraud schemes targeting the U.S. For more information, click here. Mail after a nationwide surge in such activity.

Financial services 52

Financial services Student Loans Student loans Loans 52