PBWT

OCTOBER 27, 2021

One way committees try to enhance recoveries is by seeking “derivative standing” to commence adversary proceedings challenging the validity of a secured lender’s pre-petition liens. The lender moved to dismiss the complaint by arguing that the committee lacked standing to bring a lien avoidance action under section 544.

Creditors 59

Creditors Debtor Collateral Unsecured Creditor 59

Credit Corp

SEPTEMBER 13, 2023

One reason that lenders look at credit mix is to make sure that you can be responsible with multiple types of credit. Showing that you can handle different types of credit—and multiple credit accounts at once—indicates financial reliability to potential lenders. Depending on the reason, they often do not require collateral.

Credit Unions 97

Credit Unions Credit Unions Student Loans Student loans 97

Credit Corp

APRIL 26, 2021

This is despite the fact that many lenders have made it more difficult to qualify for a loan. But online retailers and app-based companies have taken off to fill the new consumer need. Startup costs can easily top $10,000 and the fact that these loans are typically secured with collateral makes it easier to qualify for larger amounts.

Personal loans 75

Personal loans Loans Credit Unions Credit Unions 75

Troutman Sanders

DECEMBER 4, 2023

On December 1, the House of Representatives approved a resolution to repeal a Consumer Financial Protection Bureau (CFPB) rule that mandated banks to gather data on loan applications from women-owned, minority-owned, and small businesses to help lenders identify business development needs and opportunities. For more information, click here.

Financial services 52

Financial services Collateral Banks Trade 52

Credit Corp

DECEMBER 4, 2023

Several different credit scores exist, but lenders most commonly use the FICO Score, which is a number ranging from 300 to 850. Maintain a Mix of Credit Types Lenders want to see a mix of credit types on your credit report. This type of credit card requires a cash deposit in the amount of the credit limit that operates as collateral.

Lender 52

Lender Loans Auto Insurance Collateral 52

Fico Collections

JANUARY 8, 2021

Speaking of digital technology, Dave Lightfoot blogged about FICO’s Loan Origination Solution being recognized by Aite Group as best in class and the overall rankings leader for Retail Loan Origination Solutions (RLOS) in their comprehensive vendor analysis report “Aite Matrix: Transforming Consumer Lending Through Loan Origination Systems.”.

Acquisition 52

Acquisition Loans Financial Institution Lender 52

Fico Collections

JANUARY 27, 2022

Lenders with a variety of communication channels open to them and the ability to choose the most appropriate for each of their customers will provide the best service to their customers. Retail Credit Analytics. Artificial Intelligence Applications. Financial Crime – Enterprise Fraud. What a way to wrap the year! Technology.

Banks 52

Banks Lender Financial services Financial Institution 52