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. billion for 793,400 borrowers since October 2021. billion in IDR relief for 930,500 borrowers.

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Fico Collections

DECEMBER 6, 2022

Tue, 03/23/2021 - 22:16. Tue, 12/06/2022 - 16:00. 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. US Bankcards Industry Benchmarking Trends: 2022 Q3 Update. NicholetteLarsen@fico.com. by Leanne Marshall.

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Student loans Student Loans Loans Retail 52

Troutman Sanders

JANUARY 17, 2023

On January 12, the Bank for International Settlements issued a bulletin, addressing the recent high-profile failures of crypto firms that have reignited the debate on the appropriate policy response to address the risks in crypto. On January 12, the U.S. For more information, click here. For more information, click here.

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Financial services Student loans Student Loans Education 52

Fico Collections

MAY 27, 2021

A Dozen Top Achievers in 2021. Earlier this year we provided a list of the winning companies in our 2021 FICO® Decisions Awards. This year the 12 winners have demonstrated extraordinary innovation in very different industries and markets. . During the country’s lockdown, $700 million in loans were signed up using the service.

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Banks Retail Loans Debt Management 52

Nexa Collect

APRIL 11, 2021

In November of 2020, some Harvard economists calculated that the pandemic would cost the US at least $16 trillion, provided it ended by fall of 2021. For example, consider leisure and hospitality workers, whose employment fell by over 20% compared to 2019, or book retailers and news dealers, who recorded a 48.9% drop from 2019.

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Credit Corp

JULY 16, 2021

Disclaimer: Data accurate as of Jun 24, 2021. Whitestone is a retail REIT that owns about 58 properties with about 5.0 The February 2021 dividend increase is a good sign. Whitestone has no real estate debt maturing in 2021. In the 2021 first quarter, revenue increased 0.7% Whitestone REIT (WSR). per diluted share.

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Acquisition Banks Trade Manufacturing 98

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. They are 4% lower than a year ago and 12% below June 2019 levels, suggesting that households are trying to manage their spend in the face of a still-uncertain future. month on month.

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Lender Government Retail Loans 52

Troutman Sanders

MARCH 11, 2024

The blog post posited that closing costs significantly impact a borrower’s financial commitment and, potentially, monthly payments and identified a “noticeable increase” in closing costs, with median total loan expenses on home purchase loans increasing by 21.8% between 2021 and 2022. For more information, click here.

Financial services 52

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Collection Industry News

DECEMBER 21, 2022

Credit Card, Personal Loan Delinquencies Expected to Surge in 2023. over the next 12 months, up from 2.10% this year, and unsecured personal loan delinquency rates are expected to reach 4.3%, up from 4.10%. The number of “buy now, pay later” loans grew more than tenfold during the pandemic, a U.S.

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Credit Card Debt Personal loans Banks Loans 40

Troutman Sanders

OCTOBER 4, 2022

The SEC alleged that Chavez functioned as an unregistered investment adviser in violation of federal securities law, and together, he and Benvenuto raised over $12 million from approximately 5,000 investors. 8985 — the Credit Access and Inclusion Act of 2022 — as a companion bill to the bill Senator Tim Scott introduced to the Senate in 2021.

Financial services 52

Financial services Trade Retail Banks 52

Fico Collections

DECEMBER 5, 2022

Mon, 12/05/2022 - 15:10. A report released by the FTC in February 2022 indicates a 71% increase in fraud in 2021, which cost consumers roughly $5.8 A report released by the FTC in February 2022 indicates a 71% increase in fraud in 2021, which cost consumers roughly $5.8 Tue, 07/02/2019 - 02:45. by Sarah Rutherford.

Banks 52

Banks Education Loans Financial Institution 52

Troutman Sanders

JANUARY 30, 2024

The report, titled “SEC Cryptocurrency Enforcement: 2023 Update,” showed that the SEC launched 46 cryptocurrency-related enforcement actions in 2023, a significant increase from 33 in 2022 and 24 in 2021. The SEC’s crypto enforcement activity has resulted in nearly $2.9 For more information, click here. For more information, click here.

Financial services 52

Financial services Financial Institution Banks Credit Unions 52

Fico Collections

FEBRUARY 12, 2023

Home Blog FICO Top 5 Customer Development Posts of 2022: Digital Banking and Pricing Opti The most popular posts in our Customer Development category dealt with digital banking, optimizing credit line increases, loan pricing and machine learning for credit risk models. But competitive loan pricing doesn't need to be a downward spiral.

Banks 52

Banks Loans Startups Financial Institution 52

Troutman Sanders

DECEMBER 27, 2022

Previously on December 12, the U.S. regulatory framework of crypto-assets: (1) lack of direct federal regulation of the spot markets for crypto-assets that are not securities; (2) regulatory arbitrage; and (3) offering retail customers direct access to markets through vertical integration. For more information, click here.

Financial services 52

Financial services Banks Trade Retail 52

Collection Industry News

SEPTEMBER 29, 2020

million of third-party debt is set to expire early 2021. million in light of the unprecedented financial distress being experienced by small businesses all across the county, including especially by small retailers and manufacturers, restaurants and services providers. Just in Time: New Bankruptcy Relief for Small Businesses.

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