Remove category class-action
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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

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. For more information, click here. For more information, click here. 1020.210(b).

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8 Success Tips for Debt Collection in the Pandemic

Fico Collections

Without much of the above, these customers will typically be classed as low-risk customers. We need to look at pre-delinquency segmentation, payment protection segmentation and post-payment protection segmentation, and monitor how the segments change across these categories.