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Biden To Pick FTC’s Chopra To Lead The CFPB

Collection Industry News

. — President-elect Joe Biden will nominate Federal Trade Commission member Rohit Chopra to head the Consumer Financial Protection Bureau. Chopra, whose consumer advocacy views align with Democratic Senator Elizabeth Warren, had been considered a top candidate for the job running the agency created after the 2008-09 financial crisis.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On May 2, the Federal Housing Administration published Mortgagee Letter 2023-09 to implement provisions of the Adjustable-Rate Mortgages (ARM): Transitioning from LIBOR to Alternative Indices final rule. On May 1, the Federal Trade Commission (FTC) announced a permanent ban from debt relief telemarketing for operators of debt relief scam.

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Retain and Grow Deposit Market Share as Interest Rates Rise

Fico Collections

Tue, 07/02/2019 - 02:45. Fri, 09/23/2022 - 11:40. Deposit pricing frameworks are necessarily more complex than loan pricing frameworks – payments don’t just flow in and out of financial institutions, they flow from back-book to front-book products, and between fixed-term and instant-access products as well. FICO Admin.

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Digitalization and Artificial Intelligence: 5 Keys to Success

Fico Collections

Thu, 12/19/2019 - 16:29. Mon, 09/26/2022 - 18:25. Methods from operations research such as mathematical optimization enable a quantitative understanding of the trade-offs between competing goals such as profitability, market share and risk appetite, and thus allow the targeted development of tailored decision strategies.

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