True Accord

SEPTEMBER 24, 2020

The LendIt Fintech USA 2020 conference is just around the corner on September 29 through October 1, with an exciting lineup of industry experts from leading traditional banks, fintech platforms, and tech companies discussing innovations in lending, digital banking, embedded finance, and more.

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Fico Collections

NOVEMBER 20, 2020

While market volume was down across the board in auto loan and bank card originations: Credit unions increased their market share by about 15% in auto loan origination. The emerging trend of credit unions winning customers over from large banks during economic downturns and uncertainty has not gone unnoticed. by Tim Young.

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Fico Collections

OCTOBER 12, 2022

Here's how technology from the banking space can help telcos compete with aggressively competitive sales and retention tactics. Innovators are shoring up their market share by opting for cloud-hosted platform technology more typically favoured by banks. Mastering Acquisition with Risk-Aware ‘What-If’ Scenarios. FICO Admin.

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Re:Ceeve

JUNE 23, 2020

Non-performing loans (NPLs) continue to put pressure on European banks, playing a critical role in profitability and determining the overall financial health of the banking infrastructure. The question is, what are the key challenges that are impacting the way European banks tackle the NPL crisis? Outdated operations.

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Fico Collections

APRIL 26, 2023

Home Blog FICO Survey: Do Customers Think Banks Are Fair to Scam Victims? Because of the incredible growth of both RTP and scams (which is a topic I’ll address in depth in an upcoming FICO World 2023 panel discussion), banks must consider how this payments evolution is impacting customers. Are Banks Fair with Victims of Scams?

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Banks Education Financial Institution Acquisition 52

Fraser

NOVEMBER 23, 2022

Businesses should also be mindful that the GLBA and the Safeguards Rule apply to more than just banks and investment houses. You can reach him at 517.377.0848 or at bburgee@fraserlawfirm.com.

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Credit Counselor Acquisition Lender Trade 80

Fico Collections

FEBRUARY 16, 2021

In this instance the bank in question had ended up offering struggling borrowers unaffordable or unsustainable payment plans that were likely to put them under pressure to prioritise the debts ahead of other critical financial responsibilities. But those needing to collect from customers will also be facing significant regulatory scrutiny.

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Lender Collections Loans Acquisition 52

Troutman Sanders

AUGUST 29, 2023

District Court for the Western District of New York granted the plaintiff’s motion for class certification for alleged violations of the Fair Debt Collections Practices Act (FDCPA) relating to an allegedly improper debt assignment notification. The default judgment was later assigned to Palisades Acquisition. In McCrobie v.

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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. Despite assumptions, banking doesn’t have to be boring!

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Collection Industry News

OCTOBER 21, 2022

America’s biggest banks are feeling the deterioration of the US economy, and bracing for more bad news. The six largest lenders in the United States (JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley) made a combined $29.42 The largest bank in the US reported net income of $9.7

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Banks Lender Loans Acquisition 40

Fico Collections

SEPTEMBER 29, 2022

Telecommunication businesses are fighting hard with acquisition campaigns in a bid to win more trust, more business and new customers. Telcos and the Need for Risk-Aware Persona-Based Acquisition. Smart Contracting, Faster Acquisition and Consumer-Initiated Pre-Qualification. Wed, 09/28/2022 - 15:25. But it’s all about trust.

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Debt Collection Answers

MAY 18, 2023

Like all other debt collectors, DNF Associates, LLC depends on multiple sources of information to pursue debt collection. A default judgment enables DNF Associates, LLC to seize your bank account, garnish your wages, and take other damaging legal actions against you. What is DNF Associates, LLC?

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CSA

MARCH 2, 2021

Due to a company restructure following acquisition, I was unfortunate enough to be made redundant in late 2020. I also had never considered a career in the debt collection sector or thought of it as a field that could be so interesting and varied and offer so many career opportunities. s everyday lives.

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Katabat

JANUARY 5, 2021

January 5, 2021, Wilmington, DE – Katabat, a leading global provider of debt management software solutions for lenders, fintechs, and collection agencies, announced today that it has acquired Simplicity Collection Software of Idaho Falls, Idaho. Terms of the transaction were not disclosed. About Katabat.

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Katabat

JANUARY 5, 2021

January 5, 2021, Wilmington, DE – Katabat, a leading global provider of debt management software solutions for lenders, fintechs, and collection agencies, announced today that it has acquired Simplicity Collection Software of Idaho Falls, Idaho. Terms of the transaction were not disclosed. About Katabat.

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Collections Acquisition Collection Agencies Collections Agency 40

Qualco

SEPTEMBER 19, 2024

Detecting Fraudulent Activities with Unmatched Accuracy Fraudulent account openings can result in significant financial losses and resource misallocation for banks and financial institutions. Download the report to unlock the power of data-driven collections! Access report

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Financial Institution Acquisition Financial services Banks 52

Credit Corp

JULY 16, 2021

During the pandemic, the REIT rightly halted acquisitions and development projects, and reduced expenses, as it focuses on improving its financial position and liquidity. Management believes, post-pandemic, investments in acquisitions, re-development, and development projects can drive returns of at least 10%. Dividend Yield: 6.1%.

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Acquisition Banks Trade Manufacturing 76

Fico Collections

JANUARY 18, 2023

Top 5 Debt Collection Posts of 2022: Crisis and Opportunity. As more people enter the collections queue due to rising costs and economic wobbles, our collections experts share their tips for early collections, digital approaches and more. Here are the top five posts from 2022 on debt collection trends. FICO Admin.

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Troutman Sanders

JANUARY 6, 2023

On January 4, the District Court of New Jersey dismissed a Fair Debt Collection Practices Act (FDCPA) complaint against an unlicensed debt collector for lack of standing. The past-due debt was first sold to Distressed Asset Portfolio III, LLC (DAP III), then to Unifund CCR (Unifund) for collection. In Valentine v. Ramirez , 141 S.

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Debt collector Acquisition Fair Debt Collection Collections 52

CSA

FEBRUARY 3, 2021

How is skills acquisition being used to deliver on strategic objectives? This means that Apprenticeship Levy funds are being lost, and begs the question, can debt collection agencies afford not to consider investing in apprenticeships in 2021? is a reoccurring theme, with many debt collection agencies investing heavily in their ?employer

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Fico Collections

AUGUST 21, 2020

When it comes to fraud and COVID-19, the Great Recession of 2008 provides some important lessons that can help banks and consumers protect themselves against the increased risk. Through vigilance and education, banks can work together with customers to navigate the COVID financial environment with minimal disruption and losses.

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Collection Industry News

AUGUST 30, 2021

billion credit card portfolio from Synchrony Bank, as the British lender seeks to grow its U.S. The deal comes at a time when banks worldwide are trying to grow fee-earning businesses such as credit cards, amid rock-bottom central bank interest rates that have squashed profits from their other main business of lending.

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Fico Collections

NOVEMBER 15, 2022

Right now, many banks and financial services firms are locked in a competitive arms race to deliver faster, smarter, suitably tailored experiences in a bid to set them apart from their peers. Digital banking is used by an estimated 93% of the UK adult population and is forecast to increase further within the next two years. FICO Admin.

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Acquisition Banks Lender Financial services 52

Troutman Sanders

MARCH 22, 2021

OppFi is a consumer lending company that works with banks to facilitate loans to consumers who lack access to traditional credit. Indeed, in February 2021, Venmo, a mobile money transfer service, disclosed that the CFPB is investigating its collection practices.

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Consumer Financial Services Law

MAY 10, 2017

A recent decision from a Louisiana district court should provide some comfort to banks and other financial institutions who acquire other entities by merger – at least in the Fifth Circuit, they are not debt collectors. As most know, Bank of America (BoA) acquired Countrywide Bank FSB and its mortgage portfolio in 2008.

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PDC Flow

JANUARY 25, 2022

From acquisition to customer service to payment, there are many steps where the system can break down. Call Center Operational Risks in Billing and Payment Collection As with other problem areas, adjusting your invoicing, billing and payment procedures can have a major impact on your company.

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Acquisition Collections Banks 84

Fico Collections

DECEMBER 21, 2020

With the payback of these loans starting in April 2021, I predict that the UK government will work closely with banks to consolidate collections efforts on delinquent loans. Prediction 4: Banks Will Accelerate their Digital Transformation, to Customers’ Delight. by Matt Cox.

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Fico Collections

JUNE 23, 2022

Julie and I kicked off our discussion with two essential questions: “How does the pandemic change the way banks operate, from a fraud perspective?” Of course, that topic naturally leads to another: the elusive holistic customer view, which banks have been in hot pursuit of for decades. How Did the Pandemic Change Fraud?

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Fico Collections

DECEMBER 15, 2021

The pandemic isn’t the sole cause of this, as fintechs have been upending traditional banking models for years. Many journeys (both acquisition and servicing) are now well-established in the digital channel and customers have adopted them at an accelerated rate out of necessity during lockdowns.

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Financial Institution Banks Lender Acquisition 52

Collection Industry News

JANUARY 18, 2022

DebtNext Software, a leading hosted recovery management software provider to the credit, banking, utility, telecom and collections industry for almost 20 years, is located in Copley, Ohio. The post DebtNext Software Adds Industry Veteran to Leadership Team appeared first on Collection Industry News. About Kristin Dougherty.

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Troutman Sanders

OCTOBER 15, 2020

Axiom Acquisition Ventures, LLC (“Axiom”) bought Robert Valenzuela’s consumer debt from a bank after he allegedly defaulted on his personal loan payments. Axiom sent Valenzuela a letter informing him that his debt had been reassigned and instructing him to remit future payments to Axiom.

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Debtor Debt collector Acquisition Fair Debt Collection 40

Fico Collections

MAY 19, 2021

From banks to telcos to debt collection agencies, what looks like unrecoverable bad debt may in fact be first-party fraud. Furthermore, you might automatically assume that first-party fraud only affects banks, but as telcos evolve into payment processing and handset financiers, they also are now feeling the pinch. by Matt Cox.

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Collection Agencies Collections Agency Banks Financial services 52

Fico Collections

SEPTEMBER 23, 2022

A strategy of lagging your competitor’s rate rises following central bank rate movement may suit an organisation happy to shed some balances while looking to rebuild margins, but not an organisation focussed on maintaining or growing its market share. . Or do I follow, but with a lag? And if so, how long should that lag be? .

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Collection Industry News

OCTOBER 27, 2020

Axiom Acquisition Ventures, LLC (“Axiom”) bought Robert Valenzuela’s consumer debt from a bank after he allegedly defaulted on his personal loan payments. The post District Court Holds Letter Notifying Debtor of Change in Debt Ownership Can Fall Under FDCPA appeared first on Collection Industry News.

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Troutman Sanders

NOVEMBER 13, 2023

On November 8, while at the Central Bank of Ireland, Federal Reserve Governor Lisa D. On November 8, the European Banking Authority issued draft guidelines defining how stablecoin issuers should structure their risk and management recovery plans concerning reserve assets. For more information, click here.

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Collection Industry News

JANUARY 24, 2022

On January 18, the CFPB filed a proposed final judgment against an Illinois-based third-party payment processor BrightSpeed Solutions and its founder Kevin Howard (collectively, “defendants”), which ceased operations almost three years ago, settling claims that the defendants facilitated payments for telemarketing fraudsters targeting seniors.

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Katabat

AUGUST 5, 2020

The investment provides Katabat with significant resources to expand and enhance its industry-leading suite of debt collection products. Katabat is a recognized global leader in cloud-based debt collection managed service software products. Terms of the transaction were not disclosed.

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