article thumbnail

Compliance Digest – February 24

Account Recovery

District Court for the Eastern District of Texas granted the CFPBs unopposed motion for a 90-day stay in the litigation filed by Cornerstone Credit Union League and Consumer Data Industry Association (the Plaintiffs). WHAT THIS MEANS, FROM AYLIX JENSEN OF MOSS & BARNETT: OnFebruary 6, the U.S. More details here.

article thumbnail

How Credit Unions and Regional Banks Can Execute Strong Customer Acquisition Campaigns

Fico Collections

For credit unions and smaller banks in North America, the challenge of how to compete with their bigger counterparts is a constant and pressing matter. Today’s prescreening solutions are very manual in nature, typically involving a list processing agreement with a credit bureau.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Making Medical Credit Reporting Harder is a Disaster in the Making

Nexa Collect

Shouldn’t all unpaid debts ( medical or otherwise), be reported to credit reports in the same way? Forcefully suppressing unpaid medical debts from credit bureau reporting will certainly result in many unintended consequences. Wouldn’t this increase the risk of the bank/credit union with whom he takes that mortgage?

article thumbnail

What Is the Average Used Car Loan Rate?

Credit Corp

Average New and Used Car Loan Interest Rates Each quarter, the credit bureau Experian® releases the State of the Automotive Finance Market Report , and it tracks a variety of new and used car finance trends. Get a co-signer If you have a low credit score, getting a co-signer for your auto loan can help you get a better interest rate.

Loans 98
article thumbnail

FICO Score 10 Suite Available from All Three Credit Bureaus

Fico Collections

To further enhance flexibility and predictive power, the addition of FICO® Score 10 T incorporates trended credit bureau data. With the FICO® Score 10 Suite, lenders gain up to a ten percent predictive lift over previous FICO Score models. We have used FICO® Scores for many years.

article thumbnail

Nevada Enacts Law Imposing Licensing Requirements and Regulations on Student Loan Servicers

Troutman Sanders

The law does not apply to banks, savings and loan associations, savings banks, thrift companies, or credit unions. Providing inaccurate information to a credit bureau. Engaging in any unfair or deceptive practice or misrepresenting or omitting any material information in connection with the servicing of a student loan.

article thumbnail

How Financial Technology Partners can Help with Customer Acquisition Campaigns

Fico Collections

For credit unions and smaller banks in North America, the challenge of how to compete with their bigger counterparts is a constant and pressing matter. Today’s prescreening solutions are very manual in nature, typically involving a list processing agreement with a credit bureau.