Credit Corp

AUGUST 5, 2020

Governments, charities, and even creditors scrambled to put programs in place to support people during this time while also mitigating future economic fallout. The Index, which is brought to you by the makers of the popular FICO Score for creditworthiness, ranges from 1 to 99. Does This New Number Make Credit Scores Less Important?

Creditors 105

Creditors Creditworthiness Lender Credit Bureau 105

Collection Industry News

JUNE 1, 2023

The growing complexity of financial products, such as credit cards, mortgages, and student loans, has led to a surge in outstanding debts. This presents a substantial opportunity for debt collection agencies to assist lenders in recovering unpaid debts and managing default risks.

Collections 40

Collections Collection Agencies Collections Agency Debt collector 40

Consumer Finance Watch

MARCH 27, 2020

NY DFS will consider, among other things, the adequacy of the process established by the Regulated Institution, the thoroughness of the review of the application, and the payment history, creditworthiness and financial resources of the borrower, in assessing whether a regulated institution has engaged in an unsafe or unsound practice.

Financial Institution 40

Financial Institution Financial services Loans Banks 40

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. Even governments use DSCR to determine other countries’ ability to pay for the goods it exports. government’s public debt hit a historic high of $22 trillion in Feb 2019 , according to the U.S.

Debt Recovery 46

Debt Recovery Creditors Lender Loans 46

Troutman Sanders

MAY 9, 2023

On May 4, the White House published technology standard document “United States Government National Standards Strategy for Critical and Emerging Technology.” On May 1, the CFPB proposed a rule to implement a congressional mandate to establish consumer protections for residential property assessed clean energy (PACE) loans.

Financial services 52

Financial services Student loans Student Loans Loans 52

Fico Collections

JUNE 30, 2023

Origination is just the initial phase of the long and complex mortgage lifecycle, which begins with a lender qualifying a borrower and then providing the funds used to purchase a new property or refinance an existing property. The lender then holds the mortgage on its balance sheet or sells the mortgage on the secondary market to investors.

Lender 96

Lender Loans Banks Creditworthiness 96

Troutman Sanders

AUGUST 14, 2023

On August 8, the Office of the Comptroller of the Currency (OCC) issued a bulletin to provide banks with guidance regarding the applicability of the legal lending limit to purchased loans. Whether a loan purchased by a bank is attributable to the seller under the legal lending limit regulation depends on specific facts and circumstances.

Financial services 52

Financial services Foreclosure Banks Loans 52

Troutman Sanders

NOVEMBER 20, 2023

Department of Justice (DOJ) discussed in detail the “Combatting Redlining Initiative” led by the DOJ using a “whole of government” approach, the current state of redlining investigations, and the future direction of enforcement. Last week, the annual Community Reinvestment Act & Fair Lending Colloquium took place in Austin, Texas.

Lender 52

Lender Creditworthiness Student loans Student Loans 52

Collection Industry News

APRIL 12, 2021

They assign scores that are then used to assess a person’s creditworthiness. While lenders certainly have the right to determine the risk of a potential borrower, the problem is the lack of transparency in the process. Find: Congress Wants Biden to Virtually Wipe Out Student Loan Debt – Here’s What He’s Doing Instead.

Creditworthiness 74

Creditworthiness Student loans Student Loans Lender 74