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Fico Collections
NOVEMBER 30, 2022
Profitability and Customer Financial Health in Retail Banking. Tue, 02/18/2020 - 14:57. Wed, 11/30/2022 - 19:00. In my recent Forbes article , I explored a vision for the future of retail banking where the customer’s complete financial wellness is at the center of decision making. FICO Admin. by Bill Waid.
Fico Collections
AUGUST 16, 2021
Our latest FICO UK Credit Market Report looking at UK card trends for June 2021 shows that average card spend continued to increase compared to 2020. It also exceeds the June 2019 spend by £23 with the sunny weather and the Euro 2020 competition likely to have contributed to this uptick. Missed payment rates remain low. Looking ahead.
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Troutman Sanders
MARCH 28, 2023
Department of Education announced that it will hold virtual public hearings on April 11-13 to receive stakeholder feedback on potential issues for future rulemaking sessions. The published data contains loan-level information filed by financial institutions and modified to protect consumer privacy. For more information, click here.
Troutman Sanders
OCTOBER 4, 2022
On September 29, the Consumer Financial Protection Bureau (CFPB) released a special edition of Supervisory Highlights on recent examination findings, covering the practices of student loan servicers and schools that lend to students directly. For more information, click here. On September 26, Representative French Hill introduced H.R.
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.
Troutman Sanders
NOVEMBER 21, 2022
On November 17, the Consumer Financial Protection Bureau (CFPB) announced it is seeking public comment on its proposal to develop a new data set to better monitor the auto loan market. On November 11, the U.S. For more information, click here. For more information, click here. For more information, click here. On November 9, the U.S.
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 increased debt limit, which became effective February 20, 2020, includes a one-year sunset. By Jerrold L. million to $7.5 million to $7.5
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