Creditworthiness Financial services Loans 
Account Recovery
DECEMBER 2, 2024
that aim to provide regulators with more transparency about how companies in the financial services industry are using artificial intelligence. The bills were introduced days before the House Financial Services Committee holds a hearing on “How Technology is Shaping the Future of Finance.”
Jimerson Firm
NOVEMBER 2, 2020
Lenders are responsible for servicing and liquidating all of the 7(a) loans in their portfolio. CDC’s are responsible for servicing 504 loans in their portfolio, but they will only be responsible for liquidating the loan based on its designation. Performance Standards. 120.535(a). 120.535(b). 120.535(c).
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Troutman Sanders
MAY 9, 2023
On May 1, the CFPB proposed a rule to implement a congressional mandate to establish consumer protections for residential property assessed clean energy (PACE) loans. PACE loans, secured by a property tax lien on the borrower’s home, are often promoted as a way to finance clean energy improvements, such as solar panels.
Fico Collections
JUNE 30, 2023
In this blog, I will explore how the secondary market values mortgage loans, the importance of FICO®Scores in that valuation, and how essential it is to have consistent and universal credit standards to accurately compare loans across time and lenders.
The Kaplan Group
MAY 30, 2024
We’ve collected a list of business credit and loan resources for LGBTQIA+ business owners to help get you up and running. Qualifications for Loans/Credit for LGBTQIA+-Owned Businesses Each business loan or credit option we’ll talk about has its own list of qualifications. There are a few avenues worth exploring.
Collection Industry News
MAY 18, 2021
2547 was sponsored by House Financial Services Committee Chairwoman Rep. In the letter, Nussle stated, “Lenders rely on complete and accurate credit reports when underwriting loans. Prohibit certain abusive collection practices directed at service members, including threats to reduce rank or revoke security clearance.
Fico Collections
AUGUST 18, 2022
After immigrating to the US, I wasn’t aware of deposit holding times and made a mistake that led to a bounced check – this could have spiraled out of control and I felt pretty financially unwell after that! Sixty years ago, creditworthiness was a rather subjective notion, then credit scoring came along and changed the world.
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