Debt RR

OCTOBER 13, 2019

It’s how lenders measure an organization’s available cash flow to pay off debt obligations, essentially a credit score for a business. DSCR is just one of many metrics lenders use to determine an organization’s ability to pay, however, it’s the most important. Debt-service coverage ratio (DSCR) is a vital corporate finance tool.

Debt Recovery 46

Debt Recovery Creditors Lender Loans 46

Troutman Sanders

MAY 17, 2021

House of Representatives passed the Comprehensive Debt Collection Improvement Act, a collection of bills intended to reform how debts are collected. On May 13, the Nevada Financial Institutions Division (NFID) extended its temporary guidance allowing employees of licensed collection agencies to work from home through July 31.

Financial services 52

Financial services Foreclosure Collection Agencies Collections Agency 52

Troutman Sanders

JUNE 1, 2021

Department of Education, announced that the department will reverse a policy put in place during the Trump administration that blocked state and federal regulators from accessing records needed to investigate student loan lenders, servicers, and private collection agencies. For more information, click here. On May 27, U.S.

Financial services 52

Financial services Government Foreclosure Loans 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

Fico Collections

OCTOBER 21, 2020

Rich Zellner: Customers have long researched new purchases online, but when coronavirus-related lockdowns started keeping people at home and out of showrooms, auto manufacturers and dealers quickly accelerated their digital transformation. Q: How has COVID changed the way that dealers sell cars? by Ken Kertz.

Manufacturing 40

Manufacturing Lender Government Loans 40

Troutman Sanders

SEPTEMBER 25, 2023

The guidance requires lenders to use specific and accurate reasons when taking adverse actions against consumers, meaning creditors may not simply use CFPB sample forms if they do not reflect actual reasons for denying credit or changed credit conditions. The bill protects patients from certain debt collection practices for medical debt.

Financial services 52

Financial services Loans Banks Debt collector 52

Jimerson Firm

SEPTEMBER 13, 2021

To analyze a company’s assets and liabilities, you should request the following documents: Aged accounts receivable lists nearest the valuation date with management’s opinion as to the collectability of each account. Aged accounts payable lists nearest the valuation date.

Trade 52

Trade Lender Government Manufacturing 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

Fico Collections

JUNE 8, 2023

Andrew: Lenders can now extend multiple offers to consumers and more of the consumer application process is now digitized and fulfilled before the customer even visits the dealer F&I office. Whereas a dealer is in one location, lenders deal with multiple regulatory destinations. Steve: 100%. Steve: Great question.

Lender 52

Lender Retail Acquisition Creditworthiness 52