Collection Industry News

NOVEMBER 6, 2020

The CFPB issued a consent order against SMART Payment Plan (SMART), finding that the company’s disclosures of its payment program contained misleading statements in violation of the Consumer Financial Protection Act of 2010’s prohibition against deceptive acts or practices. Now to the complicated part involving penalties.

Banks 40

Banks Judgment Collections 40

UK debt collections

NOVEMBER 6, 2020

. ‘Tide’ commissioned YouGov to survey small business decision makers, including sole traders, to discover their payment terms, how often they experience late payments, and the actual duration before invoices were settled. Tide calculated that the average payment term was 15 days. Construction. Manufacturing.

Construction 87

Construction Retail Manufacturing Banks 87

Nerd Wallet

NOVEMBER 6, 2020

A personal loan is money borrowed from a bank, credit union or online lender that you pay back in fixed monthly payments, or installments, typically over two to seven years. Though it’s usually best to dip into your savings or emergency fund to cover unexpected expenses, personal loans can be a good option for non-discretionary.

Personal loans 64

Personal loans Loans Credit Unions Credit Unions 64

Click Notices

NOVEMBER 6, 2020

While most renters are still making full or partial rent payments , delinquency rates are still higher than average. The economic impacts of COVID-19 have resulted in a significant number of existing residents being unable to make full rent payments on a timely basis. Despite the moratorium on evictions, however, rent is still due.

Education 40

Education Government Collections 40

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With delinquencies, and the number of consumers looking for payment assistance on the rise, it may be time to consider an efficient cloud-based software to support your team. Are you finding some snags in your collections process? Learn how MeridianLink® Collect has helped financial institutions like yours streamline collections processes.

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Speaker: Ryan McInerny, CAMS, FRM, MSBA - Principal, Product Strategy

May 18th, 2023 at 9:30 am PDT, 12:30 pm EDT, 5:30 pm BST

Banks