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The Lenders Giving Borrowers Second Chance Loans

Credit Corp

Brenda’s still tending her garden, though, thanks to a second-chance loan from the New Hampshire Community Loan Fund-a Community Development Financial Institution (CDFI). It let the Woods replace their home with a new, safe, affordable, energy-efficient manufactured home. Willingness to take a risk. Better loan terms.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

According to the press release, “[t]he loan program improvements will increase small businesses’ ability to access funding to start up and grow through a broader network of lenders with streamlined lender procedures.” For more information, click here. For more information, click here. For more information, click here.

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Four of Burr’s Female Partners Featured in B-Metro’s 2020 Top Women Attorneys List

Burr Forman

She has acted as national counsel for several insurances and manufacturing clients to direct litigation strategy and ensure efficiency. Ginger Busby regularly represents clients in evaluating risk, developing strategy, and represents her clients in ligation.

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Updates to TILA Interagency Guidance and Certain Annual Thresholds

Troutman Sanders

The updates reflect changes to the definition of a General QM loan and the addition of a new category of QM, Seasoned QM loans. For QMs under the General QM loan definition in Section 1026.43(e)(2), 5 or more percentage points for a subordinate-lien covered transaction with a loan amount less than $68,908.

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Top 5 Customer Development Posts of 2020: COVID and Beyond   

Fico Collections

Financial institutions in particular, given their central place in a nation’s economy, need to lead this digital connect. They will need to redefine the value chains where they participate, benefit and add value, so they can find the additional productivity and profit available when you deliver an improved customer experience. . “In

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

On May 13, the Nevada Financial Institutions Division (NFID) extended its temporary guidance allowing employees of licensed collection agencies to work from home through July 31. For more information, click here. The guidance was previously set to expire on May 31. .” ” For more information, click here.