Collection Industry News

JULY 12, 2022

banks are expected to fall sharply from a year earlier on increased loan loss reserves, as the pandemic recovery gives way to a possible recession. Banks must factor the economic outlook into loan loss reserves under an accounting standard which took effect in January 2020. But bank executives have said more loans will go bad.

Banks 40

Banks Loans Manufacturing Lender 40

Troutman Sanders

AUGUST 7, 2023

Small Business Administration (SBA) began implementing additional policies aimed at expanding small business access to capital by modernizing SBA’s signature 7(a) and 504 loan programs. Banks reported that lending standards are currently on the tighter end of the range for all loan categories. For more information, click here.

Financial services 52

Financial services Financial Institution Manufacturing Loans 52

Troutman Sanders

OCTOBER 28, 2021

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 HOEPA loans, the adjusted total loan amount threshold for high-cost mortgages in 2022 will be $22,969, and the adjusted points and fees dollar trigger for high-cost mortgages in 2022 will be $1,148.

Loans 52

Loans Credit Unions Credit Unions Consumer Credit 52

Debt RR

OCTOBER 13, 2019

It’s how lenders measure an organization’s available cash flow to pay off debt obligations, essentially a credit score for a business. DSCR is just one of many metrics lenders use to determine an organization’s ability to pay, however, it’s the most important. Debt-service coverage ratio (DSCR) is a vital corporate finance tool.

Debt Recovery 44

Debt Recovery Creditors Lender Loans 44

Fico Collections

JANUARY 8, 2021

FICO Loan Origination Solution Awarded Best-In-Class. Leslie Parrish, senior analyst at Aite Group, wrote that “Lenders that are looking to transform their lending to be more consumer-centric and efficient should look closely at what leading vendors offer in this space.

Acquisition 52

Acquisition Loans Financial Institution Lender 52

Fico Collections

NOVEMBER 23, 2021

Armando has over 15 years of experience in financial services with a specialization in credit products for large lenders. Dinesh is an executive with more than 15 years’ experience across IT, manufacturing and banking who has used his engineering training and analytic skills to help solve complex design and process management problems.

Manufacturing 52

Manufacturing Banks Financial services Debt Management 52

Fico Collections

OCTOBER 21, 2020

Rich Zellner: Customers have long researched new purchases online, but when coronavirus-related lockdowns started keeping people at home and out of showrooms, auto manufacturers and dealers quickly accelerated their digital transformation. Q: How has COVID changed the way that dealers sell cars? by Ken Kertz.

Manufacturing 52

Manufacturing Lender Government Loans 52

Fico Collections

OCTOBER 21, 2020

Rich Zellner: Customers have long researched new purchases online, but when coronavirus-related lockdowns started keeping people at home and out of showrooms, auto manufacturers and dealers quickly accelerated their digital transformation. Q: How has COVID changed the way that dealers sell cars? by Ken Kertz.

Manufacturing 40

Manufacturing Lender Government Loans 40

Collection Industry News

SEPTEMBER 29, 2020

million in light of the unprecedented financial distress being experienced by small businesses all across the county, including especially by small retailers and manufacturers, restaurants and services providers. million to $7.5 The increased debt limit, which became effective February 20, 2020, includes a one-year sunset.

Bankruptcy 45

Bankruptcy Creditors Debtor Lawyers 45

Troutman Sanders

SEPTEMBER 25, 2023

Increasingly, banks, brokers, and insurance companies are employing AI to process data, decide who can get a loan, and tailor financial products to customers. or more percentage points for a first-lien covered transaction with a loan amount greater than or equal to $130,461; 3.5 For more information, click here.

Financial services 52

Financial services Loans Banks Debt collector 52

Troutman Sanders

OCTOBER 31, 2022

On October 21, the Eighth Circuit temporarily blocked President Joe Biden’s student loan forgiveness program. On October 20, Supreme Court Justice Amy Coney Barrett, who oversees Seventh Circuit emergency matters, rejected an emergency request to stop President Biden’s student loan forgiveness program. For more information, click here.

Financial services 52

Financial services Student Loans Student loans Loans 52

Troutman Sanders

MAY 17, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. For more information, click here. On May 13, the U.S. ” For more information, click here. On May 12, Oregon H.B.

Financial services 52

Financial services Foreclosure Collections Agency Collection Agencies 52

Burr Forman

AUGUST 31, 2021

John joins the firm from the South Carolina Manufacturers Alliance, where he served as the General Counsel and Vice President of Government Relations. Her practice will focus on representation of lenders in various financing transactions, including commercial real estate loans.

Construction 40

Construction Government Manufacturing Education 40

Jimerson Firm

MARCH 3, 2025

Loans and grants : You can approach banks or other lenders for loans. SBA Loans : Small Business Administration (SBA) loans are often an option for small business owners in the U.S., Funding Options Self-financing : If you have the financial resources, you may choose to fund the brewery yourself.

Manufacturing 40

Manufacturing Startups Loans Retail 40

Troutman Sanders

JUNE 1, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. On May 27, the Consumer Financial Protection Bureau (CFPB) published a report that provides new insights into manufactured housing financing.

Financial services 52

Financial services Government Foreclosure Loans 52