category cares-act 
Fico Collections
NOVEMBER 30, 2022
Profitability and Customer Financial Health in Retail Banking. 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 Platform Supports Care by Volvo. FICO Admin. Tue, 02/18/2020 - 14:57. by Bill Waid.
True Accord
JULY 13, 2023
The ending of various pandemic-era benefits including the pause on student loan payments will impact consumers in the coming months. Key Indicators and the Student Loan Predicament According to the New York Fed’s Quarterly Report on Household Debt and Credit , total household debt increased in the first quarter of 2023 by $148 billion (.9%)
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Collection Industry News
AUGUST 17, 2023
Other balances, which include retail cards and other consumer loans, increased by $15 billion. Auto loan balances rose by $20 billion, consistent with the upward trajectory seen since 2011. Student loan balances fell by $35 billion and stood at $1.57 Student Loans Outstanding student loan debt stood at $1.57
Troutman Sanders
NOVEMBER 21, 2023
On November 16, the Consumer Financial Protection Bureau (CFPB) published its Fair Debt Collection Practices Act (FDCPA) Annual Report to Congress. Chopra stressed his belief that there is a need for careful board oversight. The report also recommends that service providers provide market surveillance measures.
True Accord
MARCH 31, 2022
For one, the consumer credit market is looking strong with signs of expansion, specifically, originations for credit cards and personal loans are increasing. In January, the foreclosure proceedings that were paused under the CARES Act resumed after an 18-month hiatus. But there are silver linings, as well. million U.S.
Credit Corp
DECEMBER 4, 2023
The information provided on this website does not, and is not intended to, act as legal, financial or credit advice. If you’re wondering how to increase your credit score to 800, focused and careful financial habits might help you get there. Fortunately, you can challenge mistakes under the Fair Credit Reporting Act. Only 23.3%
Troutman Sanders
DECEMBER 19, 2023
For example, the whitepaper discusses how the quality of a stablecoin issuer’s reserve asset composition, and its ability to meet redemption requests, will determine whether a particular stablecoin meets the conditions to be included in the Group 1b category and be subjected to existing bank capital requirements. correspondent bank account.
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