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PRA Group Names Adrian Murphy as its Global Chief Data and Analytics Officer

Account Recovery

Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, has named Adrian Murphy as its global chief data and analytics officer, effective Sept. “Adrian has played a leading role in driving the development of innovation and transformations at top global financial services institutions. NORFOLK, Va.,

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On November 9, the Department of Education (DOE) announced its plan to implement an oversight strategy of federal student loan servicers that provides several pathways for identifying problems that can harm borrowers, in real-time. For more information, click here. For more information, click here. For more information, click here.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

Small Business Administration (SBA) began implementing additional policies aimed at expanding small business access to capital by modernizing SBA’s signature 7(a) and 504 loan programs. Banks reported that lending standards are currently on the tighter end of the range for all loan categories. For more information, click here.

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37% increase of Businesses in critical distress

UK debt collections

Adding further pressure to many companies is the repayment of the Government-backed Covid support loans granted to help them survive the pandemic. Support Services. Manufacturing. Financial Services. Sectors with the highest number of critically distressed businesses: Construction. Real Estate. General Retailers.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Federal Activities: On November 5, a federal court ruled that the Small Business Administration (SBA) must release detailed information for all loans issued under the Paycheck Protection Program (PPP), including name of borrowers and the loan amounts. For more information, click here. For more information, click here.

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Meet Our 2022 FICO Decisions Awards Judges

Fico Collections

Senthil has more than 20 years of technology experience in payments, banking and financial services leading and delivering large-scale technology initiatives and building enterprise-scale products and platforms. Armando has over 15 years of experience in financial services with a specialization in credit products for large lenders.

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Checkmating the Competition: What’s Your Best Move?

Fico Collections

Toyota Financial Services increased auto loan approval rates with 40% fewer credit exceptions, prevented 1,600 repossessions, and reduced annual losses by up to $12 million. itelna, the largest bank in the Czech Republic, increased portfolio profit by 26% and new sales by 29% by optimizing the origination of consumer loans.

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