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National Financial Awareness Day: Why Financial Literacy is Beneficial For Everyone

True Accord

Whether it’s taking out a loan, buying a house, saving for retirement or purchasing goods on a credit card,, people are constantly being asked to make decisions that affect their personal finances. New York Federal Reserve , between the national student loan debt topping $1.6 Debt levels are on the rise again: according to the?

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Finding Business Opportunities From COVID-19

Fico Collections

Take education, for example. Distance education has improved dramatically over the last decade and with the pandemic this will likely be accelerated and developed even further. I can see how education might redefine its value chain and bring new players in their digital cycle.

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Mibanco Expands Microlending, Helps Customers During Pandemic

Fico Collections

Loans That Improve Lives. million loans worth about USD$3.7B These loans are often life-changing, allowing individuals to build businesses, access housing and education. Mibanco’s goal is to expand access to credit for the unbanked or credit invisible,” said Sebastián Valera, risk transformation manager at Mibanco.

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Financial Inclusion Using Analytics

Fico Collections

For many, it creates an opportunity to improve their life circumstances; to get an education, to buy a car to get to work, or to own a home. Through that program, and many other ways for the consumers to access their FICO® Score, we offer reason codes and educational material to provide insight to the consumer on their score.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On November 9, the Department of Education (DOE) announced its plan to implement an oversight strategy of federal student loan servicers that provides several pathways for identifying problems that can harm borrowers, in real-time. For more information, click here. For more information, click here. For more information, click here.

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How To Remove Cavalry SPV I LLC From Your Credit Report

Better Credit Blog

According to its website, Cavalry SPV I LLC specializes in the acquisition and management of un-repaid consumer loans. Whether a single payment slipped through the cracks in the past or you’ve completely stopped paying back a loan, it could be purchased by an agency like Cavalry SPV. How Does Cavalry SPV I LLC Work?

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CFPB Report Highlights Supervisory Findings of Wide-Ranging Violations of Law in 2020

Collection Industry News

These non-public actions have occurred in areas such as auto loan servicing, consumer reporting, debt collection, deposits, fair lending, mortgage origination and servicing, private student loan origination, payday lending, and student loan servicing. Student loan servicers misled consumers about Public Service Loan Forgiveness.