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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

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. dba DEBT Box.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On September 20, the Senate Banking, Housing, and Urban Affairs Committee held a hearing on artificial intelligence (AI) in financial services. Increasingly, banks, brokers, and insurance companies are employing AI to process data, decide who can get a loan, and tailor financial products to customers. For more information, click here.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). 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.

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The Pandemic Is Accelerating Auto Dealers' Digital Transformation

Fico Collections

How consumers are taking their online research of vehicles and financing to the next level, to close the transaction. How consumers are taking their online research of vehicles and financing to the next level, to close the transaction. Q: How is vehicle finance adapting to the digital channel?

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

To help you keep abreast of relevant activities, below find a breakdown of some of the biggest events at the federal and state levels to impact the Consumer Finance Services industry this past week: Federal Activities. On October 21, the Eighth Circuit temporarily blocked President Joe Biden’s student loan forgiveness program.

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Debt-Service Coverage Ratio: A Useful Financial Measurement for Assessing Future Debt Recovery

Debt RR

Debt-service coverage ratio (DSCR) is a vital corporate finance tool. It’s how lenders measure an organization’s available cash flow to pay off debt obligations, essentially a credit score for a business. How to Calculate Debt Service Coverage Ratio. For perspective, the U.S. When to Use Gross DSCR.

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The Pandemic Is Accelerating Auto Dealers' Digital Transformation

Fico Collections

How consumers are taking their online research of vehicles and financing to the next level, to close the transaction. How consumers are taking their online research of vehicles and financing to the next level, to close the transaction. Q: How is vehicle finance adapting to the digital channel?