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

Fico Collections

For credit unions and smaller banks in North America, the challenge of how to compete with their bigger counterparts is a constant and pressing matter. Today’s prescreening solutions are very manual in nature, typically involving a list processing agreement with a credit bureau. Learn more about PrescreenCentral.

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How Financial Technology Partners can Help with Customer Acquisition Campaigns

Fico Collections

For credit unions and smaller banks in North America, the challenge of how to compete with their bigger counterparts is a constant and pressing matter. Today’s prescreening solutions are very manual in nature, typically involving a list processing agreement with a credit bureau. Learn more about PrescreenCentral.

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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.

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CFPB Report Highlights Consumer Experiences with Overdraft and NSF Fees

Troutman Sanders

The report found that roughly a quarter of consumers are still being charged these fees despite the CFPB’s hostility towards so called “junk fees,” which has led many banks and credit unions to eliminate such fees. Overdraft fees are somewhat more prevalent than NSF fees (23.6% versus 20%, respectively).