Nerd Wallet

NOVEMBER 9, 2020

Baby boomers now owe the most student debt, according to new data from the financial services company Fidelity. The research says that’s due in part to federal parent PLUS loans. According to the most recent data from the Department of Education, more than 3.5 Their average outstanding loan balance: $75,000.

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Fico Collections

JUNE 2, 2023

Home Blog Feed test Icing on the Cake: How the FICO Score and alternative data work best together Significant attention has been paid recently to the potential for use of alternative data to enhance the predictiveness and inclusiveness in credit scoring. This is especially critical for the approximately 50 million consumers in the U.S.

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Prosperity Now

MAY 18, 2021

Data and Research driven Inclusion The Biden administration’s proposed $2.65 trillion American Jobs Plan is a commitment of resources and

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On Guard

JUNE 9, 2022

Data from the 2022 Fintech Barometer by Visma | Onguard discovers technology is still a fundamental barrier to effective remote working. Now in its fifth year of gathering data-related insights in the finance sector. Further stats from the research discovered that 53% of companies have not implemented a specialist software solution.

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On Guard

JUNE 10, 2022

These are the findings of the FinTech Barometer, Visma | Onguard's research into the financial status of Dutch companies, which was conducted for the fifth time this year. The importance of being data-driven. The data-driven nature of organisations is enabling the changing role of the finance professional.

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UK debt collections

FEBRUARY 28, 2024

There were 514 restaurants closing permanently across England, Scotland and Wales in the final quarter of last year, compared to 481 in Q2 2023, according to data obtained under the Freedom of Information Act by accountancy firm Price Bailey. closures per day in 2022.

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Nerd Wallet

DECEMBER 5, 2022

In fact, preliminary data from the National Student Clearinghouse Research Center, or NSCRC, show that fall 2022 enrollment dropped even further from 2021 levels. The pandemic is over, but college enrollment does not seem to be recovering. It was not the rebound many experts expected. Trea Branch writes for NerdWallet.

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Nerd Wallet

AUGUST 10, 2021

Recent Gallup research data shows that, on average, 52% of all workers, including 72% of those in white-collar occupations and 14%. Pre-pandemic, working from home was often considered a perk rather than a requirement. Katherine Fan writes for NerdWallet. Email: kfan@nerdwallet.com.

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Fico Collections

APRIL 28, 2022

According to the research from Cornerstone Advisors , these point-of-sale short-term installment loans with low credit amounts have been increasing in popularity during recent years for retail purchases like clothing, household goods, electronics, and more. Our Initial Insights from the First FICO-Conducted BNPL Research Study.

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Nerd Wallet

JUNE 2, 2022

For those interested in data and research, Edmunds offers a strong product to simplify the car-buying journey. The company operates a private testing facility, where its in-house vehicle testing team collects the data. Benjamin Din writes for NerdWallet.

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Fico Collections

JANUARY 24, 2022

Debt collection is about contacting customers, and that only works with correct contact data. Contact data quality in debt collection is a common challenge, and we often get asked how to best address this. Get Contact Data Before You Need It. Hence managing contact data should be an enterprise task.

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UK debt collections

APRIL 27, 2022

UK Companies are struggling with their B2B Debt Collection according to recent research. Over sixty one per cent of Businesses have failed to recover debts owed to them for a wide range of issues including outdated customer data and email addresses. Also, ensure that cash flow and profits are kept to a maximum”

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Consumer Finance

NOVEMBER 22, 2020

Director Kathy Kraninger's remarks on small business lending data and research, the accuracy of credit reporting, and the use of alternative credit data at the November 2020 Academic Research Council Meeting.

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On Guard

APRIL 25, 2022

Amsterdam, 25 April 2022 – Finance professionals are less confident than two years ago when asked about data-driven working. The percentage indicating that they are already working completely data-driven has fallen from 12% in 2020 to 5% in 2022. Data is on the agenda. This has hardly changed in 2022 at 48%.

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Nerd Wallet

OCTOBER 15, 2020

Undergraduate enrollment is 4% lower this year compared with last year, according to October 2020 data from the National Student Clearinghouse Research. Anna Helhoski is a writer at NerdWallet. Email: anna@nerdwallet.com. Twitter: @AnnaHelhoski. The article Why Are Fewer Students Seeking College Aid?

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Nexa Collect

OCTOBER 22, 2020

Tools for Market Research. One of the first steps in small business creation is conducting market research. New software tools are constantly being developed to collect market research data, which in turn has led to a massive sophistication in tools to analyze this data. Tools for Online Marketing.

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On Guard

MAY 16, 2022

Big data, AI and IoT remain popular. They are big data, AI and IoT. Both big data and IoT have been in the top three most influential technologies according to finance professionals since 2018. Unfortunately, the number of professionals already working with real-time data has not increased in recent years.

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UK debt collections

DECEMBER 14, 2023

The number of new retailers dropped from 38,900 in 2021 to 29,420 in 2022 which is the lowest since the data became available in 2017. Research by Simply Asset Finance in November revealed that 74 per cent of small businesses are worried about rising operational costs, while 70 per cent fear supply chain issues.

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UK debt collections

FEBRUARY 12, 2024

The latest data also showed that a further 30,230 landlords in England started Section 21 eviction court proceedings in 2023, a rise of 28% in one year. Figures released in the past week by the Ministry of Justice showed that 9,457 households in England were evicted by bailiffs in 2023, compared to 6,399 in 2022.

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Fico Collections

APRIL 12, 2023

Even as we continue to innovate by developing new models and identifying new sources of predictive credit data, the bones of the original credit scoring models developed decades ago remain strong. in management science/operations research from UC San Diego. We also recognize that our scores serve many different purposes.

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Public Citizen

MAY 23, 2022

The Federal Trade Commission has issued a call for research presentations on a wide range of privacy and data security topics such as commercial surveillance and automated decision making for its annual PrivacyCon event, which will take place virtually on November 1, 2022.

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UK debt collections

AUGUST 16, 2022

This is according to financial data from insolvency specialists Begbies Traynor. The research found that the number of companies rated as being in “critical financial distress” continued to rise, jumping by more than a third in Q2 2022 compared with the same period last year to 1,957, and edging up 3% compared to Q1 2022. Automotive.

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Collection Industry News

JANUARY 13, 2024

trillion, according to data from the Federal Reserve Bank of New York (NYFRB). We also zeroed in on credit card debt data to identify which states had the highest levels of credit card debt in the country. between Q3 2022 and Q3 2023, the most recent term for which federal data was available. At the start of the year, U.S.

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Public Citizen

MAY 31, 2022

Technology and Regulation 36 (2022), Special Issue: Should Data Drive Private Law? , Technology and Regulation 36 (2022), Special Issue: Should Data Drive Private Law? A Digital Arms Race?, This has downsides for markets and society. European Union law insufficiently addresses these issues.

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On Guard

MAY 20, 2022

Every year, Visma | Onguard investigates how financial professionals view the current trends and developments: Fintech, big data, digital transformation and data-drivenness.

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On Guard

JUNE 28, 2022

This was revealed by the FinTech Barometer, Visma | Onguard ‘s research into the status of a number of companies, which was carried out for the fifth time this year. About the research. More than half of them indicate that, now that the office is open again, they work a maximum of two days from home in a 40-hour week.

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Fico Collections

JUNE 21, 2021

Auditable AI also provides the documentation and records necessary to pass a regulatory review, which could be expected to include questions like: What data was used to build the machine learning model? Is the data representative of a production environment? Are they appropriate for the data and problem being solved?

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Nerd Wallet

APRIL 14, 2021

The biggest difference between TD Ameritrade and Robinhood is that TD Ameritrade typically appeals to advanced, active traders, offering a wide investment selection, several high-quality trading platforms and a deep library of research and data. Compare TD. Chris Davis writes for NerdWallet.

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Troutman Sanders

FEBRUARY 21, 2023

As previously reported here , on May 25, 2022, the Consumer Financial Protection Bureau (CFPB or Bureau) published a blog post , examining what it described as the “practice of suppressing payment data” by credit card issuers in connection with their credit reporting. Companies suppressed data to limit competition.”

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Troutman Sanders

APRIL 27, 2023

Bankruptcy filings are sometimes used as a measure of consumers struggling with debts, but the CFPB’s research shows struggling consumers are more likely to be sued by creditors than to seek bankruptcy protection. But the CFPB also noted that its data suggests increasing wage garnishment protections also reduces credit card limits.

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Fico Collections

JULY 18, 2022

A fundamental challenge for underbanked and “unscorable” consumers is the lack of data or credit history to allow lenders to conduct a robust credit assessment. ML does not create new data. In fact, no analytic modeling technique including ML can solve what is in essence a lack of data problem.

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Troutman Sanders

OCTOBER 24, 2022

One million of these photographs were ultimately offered free of charge and for research purposes only to researchers at the two tech companies. Both tech companies submitted evidence that their researchers viewed, but ultimately decided not to use, the dataset.

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Troutman Sanders

NOVEMBER 4, 2021

The CFPB’s report seeks to “document how disputes can appear in credit data, the characteristics of consumers whose disputes appear on their credit reports, and what happens to accounts that have been reported as being disputed.”

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On Guard

MAY 24, 2022

About the research. Every year, Visma | Onguard investigates how financial professionals view the current trends and developments: Fintech, big data, digital transformation and data-driven. Time-consuming manual and repetitive tasks and chasing invoices also earn honourable mentions in both years.

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Fico Collections

NOVEMBER 24, 2021

In support of our win, Sid Dash, research director at Chartis Research stated, "FICO's top-ten ranking reflects its focus on a cloud-based applied intelligence platform. FICO’s analytics solutions empower clients to better utilize large volumes and variety of data from across the enterprise to make real-time decisions.

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Troutman Sanders

DECEMBER 7, 2023

As one respondent noted, “Troutman [Pepper] has had expertise in every question we’ve asked over the last three years.

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On Guard

JUNE 9, 2022

Deciphering the data landscape: Financial insights from the 2022 FinTech Barometer. Determining data insights with technology. Financial businesses are very enthusiastic to become more digitised and have data drive the business, but long-standing barriers are proving to be a roadblock.

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