2019 11 
Fico Collections
AUGUST 16, 2021
As the UK was only just coming out of lockdown in June 2020, this rise in spend is unsurprising, but the fact that average spending was 3.5% (£23) above 2019 levels suggests that, for those who have been able to save through the pandemic, there is confidence in their future financial stability. month on month. Missed payment rates remain low.
Debt RR
DECEMBER 13, 2019
Refinancing typically lowers monthly payments and interest rates in exchange for lengthening the timeframe of the loan. Just like individuals, businesses often have mortgages, vehicle loans, and other secured loans. Retailers Gymboree, Charlotte Russe, Payless, Roberto Cavalli, and Diesel filed Chapter 7 bankruptcies in 2019.
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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.
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.
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).
Collection Industry News
SEPTEMBER 29, 2020
A unique opportunity for Chapter 11 restructuring of small businesses with up to $7.5 million) to take advantage of a new way to restructure under chapter 11 of the Bankruptcy Code. The CARES Act special bankruptcy relief increased the debt limit under the Small Business Reorganization Act of 2019 (SBRA) from about $2.7
Troutman Sanders
DECEMBER 4, 2023
On December 1, the House of Representatives approved a resolution to repeal a Consumer Financial Protection Bureau (CFPB) rule that mandated banks to gather data on loan applications from women-owned, minority-owned, and small businesses to help lenders identify business development needs and opportunities. For more information, click here.
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