Collection Industry News

OCTOBER 2, 2023

If the high court sides with the CFSA, a trade group representing payday lenders, its ruling could have broad and significant impacts for consumers, according to legal experts and consumer advocates. In the current case, the CFSA trade group sued the CFPB in 2018, seeking to invalidate a 2017 rule that cracked down on payday lenders.

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Fico Collections

OCTOBER 28, 2022

We’ve seen FICO® Scores in Canada steadily increase throughout the pandemic due, at least in part, to strong performance of equity markets, sustained economic growth, a booming real estate market , payment accommodation programs by lenders , and government stimulus which helped boost household savings to unprecedented levels.

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Fico Collections

JANUARY 5, 2023

Thu, 08/22/2019 - 12:37. But the optimism around the potential of incorporating cash flow isn’t limited to FICO – we’ve been excited to see recent initiatives by the government-sponsored enterprises , for example, to consider cash flow as part of mortgage underwriting.]. FICO Admin. by Joanne Gaskin. expand_less Back To Top.

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Troutman Sanders

AUGUST 14, 2023

The extensive network of loan-broker channels and increased involvement of nonbank lenders have resulted in growth in the availability of loans for purchase. Government Accountability Office (GAO) updated its priority open recommendations to the OCC, the Federal Deposit Insurance Corporation (FDIC), and the Federal Reserve. 1139 and S.

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Collection Industry News

DECEMBER 28, 2020

Getting it right is paramount for lenders and servicers as 2021 customer contact volumes will increase with the potential sunset of COVID-19 relief measures. The lengthy consent decree covers loss mitigation conduct from 2014 through 2018, years in the past. 12 C.F.R. §§ 1024.41(b)(2)(i)(B), 12 C.F.R. §§ 1024.41(b)(2)(i)(B),

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Foreclosure Lender Loans Government 40

Katabat

JULY 6, 2021

In recent months employers were having to compete with the government handing out money, and that makes it very hard to attract workers.” While noting an uptick in mortgage applications for Millennials, the article reads: “Lenders should take note. On a brighter note, Millennials now see lenders in a more positive light.

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Lender Creditors Government 52

Katabat

JULY 6, 2021

In recent months employers were having to compete with the government handing out money, and that makes it very hard to attract workers.” While noting an uptick in mortgage applications for Millennials, the article reads: “Lenders should take note. On a brighter note, Millennials now see lenders in a more positive light.

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Lender Creditors Government 52