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By revising the Telemarketing Sales Rule (TSR), the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC), along with state Attorneys General set forth a strict set of regulations that standardize the way all financialservices companies in the debt relief industry must operate.
That’s because it can be easy to get discouraged or overwhelmed when looking at larger financial ambitions you may have. For example, you may have a significant amount of creditcarddebt. This goal is more attainable.
FICO’s latest market report of UK card trends suggests that consumers managed their creditcarddebt to keep lines of credit open for the festive season as spend increased month on month. percent Clearly, November was a mixed story when it came to creditcard spend and debtmanagement.
Customers couldn’t be faulted when they heavily offset the drop in purchasing power and disposable income by leveraging a higher utilization of credit products that they have at their disposal towards staying afloat in these perilous times. Remind customers what they can accomplish using the banking app / website.
The data sample comes from client reports generated by the FICO® TRIAD® Customer Manager solution in use by some 80 percent of UK card issuers. Liz also works on a range of projects including customer management software implementations and upgrades, current state assessments and delivery of data-driven strategies.
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