2019 10 
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.
Fico Collections
MAY 18, 2023
The innovative pay-as-you-go solution allows Dock’s clients, including banks, fintechs, and retailers, to intercept fraudulent transactions and protect their operations, while also improving the user experience. Dock began implementing Falcon Fraud Manager in 2019 and added CCS in 2020.
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Collection Industry News
OCTOBER 21, 2022
LONDON, Oct 21 (Reuters) – Owners of Britain’s largest malls, skyscrapers and industrial hubs face hikes in borrowing costs and a recession that could depress prices by up to a fifth, forcing lenders and investors to reassess their appetite for commercial property. respectively. HSBC (HSBA.L)
True Accord
OCTOBER 10, 2023
40+ million borrowers who paid $200 to $299 on average each month in 2019 will soon face the resumption of a bill that is often one of the largest line items in their household budgets. Other balances, including retail credit cards and other consumer loans, and auto loans also increased by $15 billion and $20 billion, respectively.
Fico Collections
JUNE 14, 2021
Our latest UK Credit Market Report on card trends for April 2021 shows the impact of the opening up of hospitality and retail on April 12. April 2021 saw a rise of 9 percent in retail sales, with clothes purchases up 70 percent over March 2021. This is the largest monthly increase in spend for over two years. Source: FICO. .
Fico Collections
AUGUST 29, 2022
Those consumers with FICO® Scores between 550 and 599 as of April 2021 saw an increase of 7 points to their average score within the year span -- on par with the increase observed during the pre-pandemic period of April 2019 to April 2020. . Now, the average FICO® Score has leveled off during the second year of the pandemic.
True Accord
JULY 13, 2023
In June, after 10 straight rate hikes, the Federal Reserve left the policy rate unchanged at the 5%-5.25% range , to allow time to see impacts from previous rate hikes. The CPI rose 0.2% in June on a seasonally adjusted basis, after increasing 0.1% in May, according to the U.S. Bureau of Labor Statistics. 9%) to $17.05
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