Remove Consumer Credit Remove Credit Bureau Remove Financial Institution
article thumbnail

Nevada Enacts Law Imposing Licensing Requirements and Regulations on Student Loan Servicers

Troutman Sanders

On June 14, Nevada Governor Joe Lombardo signed into law AB 332 , An Act Relating to Student Education Loans, requiring, among other things, student loan servicers to be licensed by the Commissioner of Financial Institutions and regulating certain conduct of the servicers towards borrowers. The law will take effect on January 1, 2024.

article thumbnail

Top Money-Saving Tips and Tricks to Beat 2020 Holiday Debt

Credit Corp

If you’re in a financial rough patch, don’t panic. Many financial institutions offer deferments, temporarily lower payments, low-cost structured repayment plans and other reassuring options—but only if you ask. Use Financial Planning Apps. Compare Rates on Debt Consolidation Loans. How Can I Get Out of Debt with No Money?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Financial Technology Partners can Help with Customer Acquisition Campaigns

Fico Collections

Today’s prescreening solutions are very manual in nature, typically involving a list processing agreement with a credit bureau. The solution integrates Equifax Consumer Credit Information and FICO risk decision management technology with marketing campaign automation and execution. Learn more about PrescreenCentral.

article thumbnail

How Credit Unions and Regional Banks Can Execute Strong Customer Acquisition Campaigns

Fico Collections

Today’s prescreening solutions are very manual in nature, typically involving a list processing agreement with a credit bureau. The solution integrates Equifax Consumer Credit Information and FICO risk decision management technology with marketing campaign automation and execution. Learn more about PrescreenCentral.

article thumbnail

Icing on the Cake: How the FICO Score and alternative data work best together

Fico Collections

consumer data not present in the traditional credit bureau files) to enhance the predictiveness and inclusiveness in credit scoring. This is especially critical for the approximately 50 million consumers in the U.S. More than 200 million U.S.

article thumbnail

What Does 2023 Have in Store for U.S. Credit Risk and FICO Score Trends?

Fico Collections

economy, credit scores, and credit risk trends were headed. government and financial institutions to implement significant guard rails and safety net programs for consumers such as the government stimulus, extended unemployment benefits, and payment accommodations. consumers decreased on a year-over-year basis.

article thumbnail

CFPB Report Highlights Consumer Experiences with Overdraft and NSF Fees

Troutman Sanders

Despite these industry trends, yesterday’s report using data from the CFPB’s Making Ends Meet survey and credit bureau data from the Consumer Credit Panel found that more than a quarter (26.5%) of consumers reside in households that were charged an overdraft or NSF fee in the past year. versus 20%, respectively).