On Guard

MAY 24, 2023

Therefore, leveraging dynamic data, such as fraud analysis, trade payment data, CCJ or legal information, is necessary to reduce risks. In addition, you can have the creditworthiness examined by a professional agency. Consider customer scoring – A system to assess the creditworthiness of customers can help reduce credit risks.

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Public Citizen

OCTOBER 31, 2020

Regulatory status of “Fintech” (internet based) lenders, “earned wage advances,” and use of expanded creditworthiness factors by fintech lenders potentially resulting in discrimination. Congressional veto of CFPB Rule banning class action waivers in arbitration clauses. Regulation of “native” ads and consumer reviews on social media.

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Credit Corp

MAY 3, 2021

Second, business credit can refer to the creditworthiness of the business as an organization. To get a Dun & Bradstreet score, you need a D-U-N-S number and an active trade line with at least three vendors. First, it can mean the credit extended to a business as opposed to a person. That’s right. It ranges from 1 to 100.

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Credit Corp

MAY 1, 2021

The consumer system is set up so that most purchases depend on applicant creditworthiness and a focus on being in debt responsibly. If your car is still in good condition and requires minimal repair work, it might be worthwhile to focus on performing these repairs rather than trading it in for a new one.

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Credit Card Debt Accrued Interest Loans Student loans 75

Credit Corp

AUGUST 8, 2024

What to Do if You’re Being Sued Being sued by a debt collector can be stressful, but some steps from the Consumer Financial Protection Bureau and Federal Trade Commission can help you navigate the process: Respond to the collector: Responding to the lawsuit is crucial. However, you do have the right to dispute errors on your credit report.

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Debt collector Debt Consolidation Fair Debt Collection Loans 40

On Guard

AUGUST 9, 2023

NFTs Non-fungible tokens (NFTs) are unique, digital assets that can be traded on blockchain platforms, in exchange for, for example, digital art, real estate and other assets. Think for instance about company size, sector, location, payment history and creditworthiness. For this, you can consult external and internal sources.

Credit Management 52

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The Kaplan Group

MAY 3, 2022

Doing it well in advance of your loan will give you time to address issues, make corrections, or pay off any trade lines that can help boost your credit profile. If your business doesn’t have a long credit history, you’ll need to supply information on your own personal creditworthiness. Pre-Application Checklist.

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Troutman Sanders

MAY 9, 2023

On May 1, the Federal Trade Commission (FTC) announced a permanent ban from debt relief telemarketing for operators of debt relief scam. For more information, click here. The FTC charged the defendants with taking tens of millions of dollars from people by falsely promising to eliminate or substantially reduce their credit card debt.

Financial services 52

Financial services Student Loans Student loans Loans 52

Troutman Sanders

AUGUST 14, 2023

In its appeal, the SEC stated that it intended to seek certification of the court’s holding that certain “programmatic sales” over crypto-asset trading platforms in exchange for labor and services did not involve the offer or sale of securities. For more information, click here. For more information, click here.

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Financial services Foreclosure Banks Loans 52

Troutman Sanders

JUNE 22, 2021

Federal Activities: On June 18, the Federal Housing Administration (FHA) announced updates to its student loan monthly payment calculations to help provide greater access to affordable single-family FHA-insured mortgage financing for creditworthy individuals with student loan debt, which has a disproportionate impact on people of color.

Financial services 52

Financial services Student Loans Student loans Financial Institution 52

Troutman Sanders

OCTOBER 24, 2023

On October 18, the Federal Trade Commission (FTC) announced that a for- profit college has been ordered to cancel $3.4 The senators argue that including this alternative data into scoring models will “expand homeownership opportunities for creditworthy borrowers and make scores more predictive.” For more information, click here.

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Financial services Creditworthiness Banks Government 52