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?

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Fico Collections

JUNE 14, 2021

Invitations to buy even the smallest items on an installment plan seem to be everywhere online, and in-store, too: called “buy now, pay later” or BNPL loans, these offers let consumers buy what they want, now, and pay for it over time in four equal payments. BNPL: Even the smallest purchases can now be broken into bite-size chunks. .

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Banks Loans Retail Consumer Credit 52

Fico Collections

DECEMBER 6, 2022

compared to Q3 2020. 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. prior to March 2020. after posting negative results for the previous two quarters.

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Student loans Student Loans Loans Retail 52

Troutman Sanders

JANUARY 23, 2024

billion in additional student loan debt relief for 73,600 borrowers. These discharges are the result of fixes to income-driven repayment (IDR) forgiveness and public service loan forgiveness (PSLF) made by the administration. On January 19, the Biden-Harris administration announced the approval of $4.9 For more information, click here.

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Financial services Credit Unions Credit Unions Financial Institution 52

Collection Industry News

JANUARY 13, 2024

Auto loan and mortgage debt increased by 4%, while student loan debt saw a modest rise of 1.6%. Household debt in the “Other” category — which includes retail cards and other consumer loans — also saw a substantial increase of 7.7% A lower interest rate would allow some borrowers to refinance high-interest loans.

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Credit Card Debt Student loans Student Loans Bankruptcy 40

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

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.

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Credit Bureau Loans Consumer Credit Lender 52

Troutman Sanders

OCTOBER 4, 2022

for allegedly engaging in a pump-and-dump scheme regarding a crypto-asset security named “Dignity,” which Arbitrade and Cryptobontix falsely represented to investors was backed by $10 billion in gold bullion the entities obtained through a purchase transaction. and Cryptobontix, Inc. For more information, click here. On September 29, U.S.

Financial services 52

Financial services Trade Retail Banks 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. lower than it was in January 2020. higher than June 2020. This is only a 3.6%

Credit Card Debt 52

Credit Card Debt Retail Financial services Government 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

Troutman Sanders

MARCH 28, 2023

On March 20, the CFPB announced that approximately 4,394 HMDA filers can now obtain their 2022 Home Mortgage Disclosure Act (HMDA) Modified Loan Application Register (LAR) data on the Federal Financial Institutions Examination Council’s HMDA Platform. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Financial Institution 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

Credit Corp

JULY 16, 2021

Whitestone is a retail REIT that owns about 58 properties with about 5.0 Management believes, post-pandemic, investments in acquisitions, re-development, and development projects can drive returns of at least 10%. At the end of 2020, Whitestone had a debt-to-equity ratio of about 2.1x. Whitestone REIT (WSR). per diluted share.

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Acquisition Banks Trade Manufacturing 98

Troutman Sanders

JULY 26, 2021

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. Beginning July 1, 2020, the California Department of Justice began enforcing the CCPA by notifying businesses found not complying with the law.

Financial services 52

Financial services Student loans Student Loans Garnishment 52

Fico Collections

JANUARY 8, 2021

Here are our top 5 posts from 2020. #1. Aashish carried the analogy further, saying that to play a strong hand in the COVID-10 era requires: Unbiased risk assessment of current processes, technology, supply chain (a business’s current hand). FICO Loan Origination Solution Awarded Best-In-Class.

Acquisition 52

Acquisition Loans Financial Institution Lender 52

Troutman Sanders

MARCH 8, 2021

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. Currently, any student loan debt canceled by the government can be considered taxable and levied at the borrower’s normal income tax rate.

Financial services 52

Financial services Retail Foreclosure Financial Institution 52

Troutman Sanders

NOVEMBER 30, 2020

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. House of Representatives that would extend the payment pause and interest waiver for government-held federal student loans.

Financial services 52

Financial services Foreclosure Student loans Student Loans 52

Troutman Sanders

DECEMBER 19, 2023

The consent order alleges that CoinList processed 989 transactions on behalf of users located in Crimea between April 2020 and May 2022, in violation of OFAC’s Russia/Ukraine sanctions. On December 12, Minnesota Attorney General Keith Ellison announced that his office obtained a settlement with a California student loan debt relief company.

Financial services 52

Financial services Banks Debt collector Government 52

Fico Collections

MAY 19, 2021

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. A Drain on Profitability.

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Collection Agencies Collections Agency Banks Financial services 52

Fico Collections

FEBRUARY 16, 2021

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. million – doubling since March 2020. The number of customers deemed to be in ‘severe debt’ also jumped to 1.2

Lender 52

Lender Collections Loans Acquisition 52

Fico Collections

MAY 19, 2021

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. A Drain on Profitability.

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Collection Agencies Collections Agency Banks Financial services 52

Fico Collections

JANUARY 27, 2022

In January 2020 the UK reported £31 below the Canadian average and by June 2021 the UK was £347 above. It is still unclear how many consumers will suffer financial hardships due to ended support, and, in the UK, due to the “no payment” period for the early adopters of government business loans starting to expire.

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Banks Financial services Lender Financial Institution 52