Collection Industry News

OCTOBER 21, 2022

Although less exposed to risky property loans than before the 2007-2008 global financial crisis, banks are already on alert for breaches in loan terms linked to an asset’s market value or the rental income relative to the debt secured on it, sources said. UK REITs are using less leverage now than before the financial crisis.

Retail 40

Retail Lender Loans Acquisition 40

Credit Corp

JANUARY 28, 2021

GameStop, a dying video game retailer, has blown past epic proportions to the point of hitting all-time highs in the stock market. Similar to BlockBuster, people stopped buying video games in-person at retail stores. So, how does greed tie together with shorting a stock , hedge funds, Reddit users, and a video-game selling retailer?

Trade 134

Trade Retail Acquisition Financial Institution 134

Fico Collections

MAY 27, 2021

During the country’s lockdown, $700 million in loans were signed up using the service. Grupo Monge , a large retailer in Central America, used analytic decisioning to improve the way it grants credit, especially to customers previously excluded from loans. David Dittmann , vice president, Data & Analytics, P&G (2019 winner).

Banks 52

Banks Retail Loans Debt Management 52

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. . Change in Average FICO® Score by FICO® Score Band is Back to Pre-Pandemic Levels.

Credit Bureau 98

Credit Bureau Government Lender Loans 98

Fico Collections

DECEMBER 6, 2022

compared to the 10-year average of 7.4% One more unknown is how the expiration of student loan payment deferment and the upcoming loan cancellation will impact the overall cash flow of consumers. compared to September of 2019. Consumer sentiment also increased since our last write-up, but is still down 19.5%

Student loans 52

Student loans Student Loans Loans Retail 52

Fico Collections

AUGUST 16, 2022

The key is how these macrolevel measures impact individuals’ finances – all consumers are paying higher prices at the grocery store and gas station, but not all cash strapped consumers are shopping for loans or carrying large amounts of debt. higher than in June 2019. is a whopping 40% higher than in June 2019. Related posts.

Credit Card Debt 52

Credit Card Debt Retail Financial services Government 52

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

Financial services 52

Financial services Student loans Student Loans Loans 52

Fico Collections

DECEMBER 13, 2022

Tue, 07/02/2019 - 02:45. Tue, 12/13/2022 - 10:40. In their research, they found that a digital omnichannel approach is achieving results such as: 20-25% reduction in non-performing loans. Digital collections isn't a new concept, but it has taken on additional relevance in the current economic environment. FICO Admin.

Collections 52

Collections Retail Banks Loans 52

Fico Collections

FEBRUARY 7, 2023

Saxon Shirley Fri, 05/20/2022 - 06:06 by FICO expand_less Back To Top Tue, 02/07/2023 - 19:10 As the independent standard in credit scoring, FICO® Scores are the leading credit scores used extensively across the lending ecosystem.

Credit Bureau 52

Credit Bureau Loans Consumer Credit Lender 52

Fico Collections

DECEMBER 5, 2022

Tue, 07/02/2019 - 02:45. Mon, 12/05/2022 - 15:10. And some retailers have shown automated phone support apps can be quick, easy to use, and provide direct two-way communication. When considering the liability involved in loans and aspects of the transaction that cannot be digitalized easily, it also makes sense.

Banks 52

Banks Education Loans Financial Institution 52

Troutman Sanders

DECEMBER 27, 2022

Critically, the SEC asserted that FTT, the native token of the FTX exchange platform, “was offered and sold as an investment contract” at the time of its 2019 offering and was therefore a security. The company thereby allegedly engaged in unlicensed peer-to-peer loan brokering and the unregistered sale of securities.

Financial services 52

Financial services Banks Trade Retail 52

Fico Collections

MAY 19, 2021

Tue, 07/02/2019 - 02:45. In my personal experience, first-party fraud typically comprises around 10% of the volume of credit losses (also known as bad debt) but, alarmingly, more than 20% of the value. Newer financial services providers are even more challenged, as well as telcos new to payment processing and retail finance.

Collection Agencies 52

Collection Agencies Collections Agency Banks Financial services 52

Troutman Sanders

OCTOBER 3, 2023

The Ethereum Trust launched in March 2019 and became an SEC reporting company in October 2020. On September 29, the Commodity Futures Trading Commission (CFTC) announced that it filed charges against eight Florida-based entities for fraudulently claiming to be CFTC-registered futures commission merchants and retail foreign exchange dealers.

Financial services 52

Financial services Student loans Student Loans Trade 52

Troutman Sanders

JUNE 27, 2023

The first is the final report on Project Rosalind, “an experiment exploring application programming interfaces (APIs) for retail central bank digital currency.” The bill requires service providers supporting more than 500 customers or holding at least $10 million in customer funds within Texas to segregate customer funds.

Financial services 52

Financial services Banks Trade Loans 52

Fico Collections

JANUARY 27, 2022

It is the only region to be higher than June 2019, prior to the pandemic, by 5%, compared to a drop of 9& in Canada and 23% in the US. In a 2019 Accenture poll , the vast majority (88%) of executives from 120 global banks said emerging ecosystems would change the bank-customer relationship forever. . Retail Credit Analytics.

Banks 52

Banks Financial services Lender Financial Institution 52

Troutman Sanders

DECEMBER 12, 2023

billion in student loan debt relief for 80,300 borrowers. The guidance focuses on the risk management of BNPL loans, which are payable in four or fewer installments and carry no finance charges. The Bitstamp listing enables retail traders to access EURCV, joining Tether and Circle’s USDC in the stablecoin market.

Financial services 52

Financial services Banks Collection Agencies Collections Agency 52