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Credit Corp
MARCH 6, 2023
Portrait of a professional businessman standing in an office with colleagues in the background Businesses, lenders, landlords and even some employers use your credit score to determine your creditworthiness. Nearly every lender in the country uses credit reports to determine whether they approve a loan application.
Troutman Sanders
FEBRUARY 16, 2023
On February 10, the Federal Trade Commission (FTC) announced it will send more than $115 million in refunds to consumers nationwide as a result of a 2018 action the FTC and the U.S. For more information, click here. Department of Justice (DOJ) brought against MoneyGram for failing to crack down on scammers using their payment system.
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Troutman Sanders
MAY 9, 2023
For the first year after the effective date of the proposal, these firms would be subject to an excise tax of 10% of the costs of electricity they use in digital asset mining. billion in revenue over 10 years. Strengthen Retail (Consumer) Investor Protections. The White House estimates that the DAME tax will raise $3.5
Fico Collections
FEBRUARY 16, 2021
It marks the highest fine ever issued to a lender for what it deemed a breach of consumer credit rules. But more tellingly, the penalty related to the mistreatment of business and personal customers who fell behind on credit card and loan payments between 2014 and 2018 – well before many of us had even heard of COVID-19.
Fico Collections
MAY 23, 2022
Since introduced, the FICO® Score and FICO® Extended Score have been used by Mexican banks to make more than 200 million credit decisions and originate more than USD$110B in loans: an amount equivalent to 10 percent of Mexico’s GDP. Lenders trust the FICO Score. You can read more about this story in the full media release. “The
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