Qualco

NOVEMBER 7, 2023

Managing loan portfolios becomes a labyrinth for financial institutions in a financial ecosystem marked by unrelenting complexity and constant change. This trend was observed in response to a surge in application filings from financially strained individuals. A significant factor to consider is regulatory compliance.

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Qualco

SEPTEMBER 12, 2023

Borrowers with limited financial resources face challenges in meeting their obligations due to a lack of appropriate savings allocation. The Asset-Driven Approach In the ever-changing financial environment, banks and servicers must adopt an Asset-Driven Approach to effectively manage loan portfolios and optimise recovery outcomes.

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Sawin & Shea

MARCH 14, 2023

Indiana allows debtors to exempt assets when filing for bankruptcy up to a certain monetary amount, and that amount recently increased. In this blog, we’ll share the details regarding this exemption increase, the different exemption categories, and how these exemptions impact Chapter 7 and Chapter 13 bankruptcy.

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Nexa Collect

APRIL 11, 2021

A national and, at the same time, a global recession has been caused, not by financial crises, but rather by an unexpectedly devastating health issue. A report released by the Consumer Financial Protection Bureau placed the number of reported payments on credit card accounts at 40% in 2020. In 2013, it was at 88%.

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ABI

JANUARY 13, 2022

American Bankruptcy Institute Law Review Staff. . In In re McPherson , a Maryland bankruptcy court held that when a prepetition contract contains an arbitration clause, the bankruptcy court must defer to the arbitration as to the prepetition noncore claims. [1] An automatic stay enjoys the proceedings against a debtor.

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Troutman Sanders

OCTOBER 26, 2020

Federal Activities: On October 23, the Financial Action Task Force concluded its 32nd plenary meeting and continued to focus on the impact of the COVID-19 pandemic on detecting and countering fraud, including attempts to defraud government-backed stimulus programs. State Activities. Privacy and Cybersecurity Activities.

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Fico Collections

JULY 14, 2021

Hoist Finance, the consumer debt purchaser working with banks and financial institutions across Europe, has had tremendous resultswith digital collections using the FICO® Platform. In fact, Hoist Finance and FICO just won the Best Use of Technology category in the Credit Excellence Awards 2021. We expect to deliver a further €8.5

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