Collection Companies Financial services Lender 
True Accord
JANUARY 21, 2025
The good news for lenders and debt collectors is that a reported 72% of consumers have a New Years resolution to pay off debt in 2025. CFPB Looks at Medical Debt, Student Loans and So Much Data Medical debt wasnt the only focus for the Consumer Financial Protection Bureau in Q4. What Does This Mean for Debt Collection?
True Accord
FEBRUARY 3, 2022
based lender following GAAP accounting, the lender’s net loss rate (or net charge off rate) is the ultimate metric. What are credit loss provisions and why are they important to financial providers? Lending institutions will inevitably have loans that go into default, and this is planned for in their financial modeling.
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True Accord
AUGUST 3, 2021
Digital-first debt collection fintech readies for continued B2B and B2C expansion with strategic leadership reorganization. He is a seasoned industry leader with more than 20 years of experience in the collections space, focusing on strategy, analytics, policies and strategies. To learn more, go to [link].
Collection Industry News
JANUARY 19, 2021
Yet the federal government’s Paycheck Protection Program last year also gave the company a helping hand: It provided $2.4 Those were just two of more than 1,800 loans that went to debt collectors and high-interest lenders through the Paycheck Protection Program, according to an analysis by The Washington Post.
Troutman Sanders
MAY 2, 2023
The proposed rule would require lenders to assess a borrower’s ability to repay a PACE loan, as well as provide a framework for how these loans will be treated under the Truth in Lending Act. On April 26, the FTC, the commonwealth of Pennsylvania, and debt collection company International Credit Recovery, Inc.
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