CUNA Strategic Services has selected its newest alliance provider, Zest AI, a leader in software for credit underwriting. The collaboration will allow credit unions turnkey access to Zest software to make advanced underwriting streamlined, member-friendly and fast. “Zest software’s ability … Continue reading →
Read more: creditandcollectionnews.com
PHOENIX — If you’re looking to buy or sell a home in Arizona, a recently signed law could put a wrinkle in the process. In May, Governor Doug Ducey signed what was known as HB 2617 into law. It … Continue reading →
Read more: creditandcollectionnews.com
Equifax says the debt profile of Canadians has changed throughout the pandemic, with mortgages accounting for a larger portion of people’s debt. At the same time, the credit reporting agency said consumer credit card debt is at a six-year low, … Continue reading →
Read more: creditandcollectionnews.com
June 7-13, 2021 By Daily Record Staff As consumers face across-the-board price inflation on everything from gas and lumber prices to higher rental car and storage fees, a new Federal Reserve report says many households are piling on more debt … Continue reading →
Read more: creditandcollectionnews.com
The National Credit Union Administration issued no prohibition orders in May, making it the first month in nearly four years that the regulator has barred no one from working in the financial services sector. The last time the agency issued … Continue reading →
Read more: creditandcollectionnews.com
The House Financial Services Committee and its subcommittees are revisiting credit reporting in the 117th Congress, including legislation that could impact information on consumers’ credit reports. On May 26, the House Committee on Financial Services Subcommittee on Oversight and Investigations, … Continue reading →
Read more: creditandcollectionnews.com
WASHINGTON (AP) — U.S. consumer borrowing rose by $18.6 billion in April, fueled by a big rise in auto and student loans that offset a drop in credit card use. The April gain reported Monday by the Federal Reserve was … Continue reading →
Read more: creditandcollectionnews.com
US Law Week By Brian Flood June 4, 2021, 7:49 PM Settlement offer didn’t note interest would accrue Debtor wouldn’t reasonably be misled A debt collector’s offer to settle an outstanding debt didn’t need to inform the consumer that their … Continue reading →
Read more: creditandcollectionnews.com
When the COVID-19 pandemic was declared in March 2020, I feared credit card debt and delinquencies would skyrocket. Public health restrictions closed a tremendous number of businesses, and the unemployment rate multiplied from 3.5 percent in Feb. 2020 to 14.7 … Continue reading →
Read more: creditandcollectionnews.com
The good news is we may finally be witnessing the end of credit card fraud. The bad news, however, is that the online fraudsters and cybercriminals have moved on from poaching plastic to something even bigger: identity theft. The shift … Continue reading →
Read more: creditandcollectionnews.com
