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Q1 Industry Insights: Consumers Will Consume, Lenders Will Lend, Delinquencies Will Rise

True Accord

The four key trends we’re studying are: resumed foreclosure activity, extensive medical bills, the end of child tax credits and historically high inflation. For one, the consumer credit market is looking strong with signs of expansion, specifically, originations for credit cards and personal loans are increasing. million U.S.

Lender 58
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Using Forbearance Agreements to Protect Commercial Real Estate Lender Interests During COVID-19

Fraser

While much attention has been paid to the struggles of businesses, such as restaurants and retail establishments, to survive the economic downturn wrought by the COVID-19 pandemic, those who lend to such businesses for the purchase of real estate are also dealing with the fallout. In some instances, this means the possibility of foreclosure.

Lender 41
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CFPB Continues to Press for Expanded Definition of Credit Transaction Under ECOA by Interjecting its Position in Pending Private Litigation

Troutman Sanders

District Court for the Southern District of Florida arguing that the Equal Credit Opportunity Act’s (ECOA) prohibition on discrimination covers every aspect of an applicant’s dealings with a creditor, not just the specific terms of a loan (like the interest rate or fees). Health Career Institute, LLC, et al. Townstone Financial, Inc.

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What is GECRB on My Credit Report?

Better Credit Blog

General Electric Capital Retail Bank, abbreviated as GECRB, is the former name for Synchrony Bank, and it’s probably on your report because you applied for a Synchrony card at some point in the past. It offers a range of products, like MMAs, IRAs, CDs, loans, and credit cards. Pre-qualify for a loan offer. Ashley Furniture.

Retail 52
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What Is SYNCB On My Credit Report?

Better Credit Blog

Whether you’re in the market for a mortgage, auto loan, or credit card, your application can result in a hard inquiry on your credit report, which can damage your credit score for years. Synchrony offers several financial products, from CDs, MMAs, and IRAs to credit cards and loans through partnerships with other lenders.

Retail 52
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What is THD/CBNA On My Credit Report?

Better Credit Blog

Whenever you apply for a retail credit card, it can lower your credit score by a few points and result in a new entry being added to your report. Citi is a popular bank that provides credit cards for a wide range of retail stores like The Home Depot. Project Loan. Did a hard inquiry from THD/CBNA bring down your credit score?

Retail 52
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What is Comenity Bank/VCTRSSEC On My Credit Report?

Better Credit Blog

A hard inquiry is simply a way for a lender to check your credit reports before approving your application. While VCTRSSEC might sound unfamiliar, it represents a popular retailer: Victoria’s Secret. Comenity Bank is a premier producer of retail credit cards, partnering with 145 popular brands to offer credit cards to consumers.

Banks 89