Leading global AI-powered credit decision platform provider, Scienaptic AIannounced the deployment of its platform at Northern Credit Union. This deployment will enhance and augment Northern Credit Union’s credit decisioning and underwriting capabilities for new and prospective members. Founded in 1955 … Continue reading →
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BLOG VIEW: On April 21, 2021, the U.S. Court of Appeals for the Eleventh Circuit issued an opinion in Hunstein vs. Preferred Collection and Management Services Inc., creating new risk and uncertainty around the most common, everyday business practices used … Continue reading →
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The Department of Education under the Biden administration is rescinding a Trump-era policy that restricted states’ access to records and information in policing student loan servicing companies. Richard Cordray, the head of the Federal Student Aid office, announced new guidance … Continue reading →
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In this article GS BAC JPM U.S. banks are likely to report “record level” earnings in 2021 as the American economy recovers and financial markets remain buoyant, according to the Institute of International Finance, an industry association. Tim Adams, … Continue reading →
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For much of the past year, Americans weren’t interested in taking on new debt — with one big exception. A new analysis from the Federal Reserve Bank of New York examined how the supply and demand of credit has ebbed … Continue reading →
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People must use the SafeWA app when they go to venues in Western Australia. Picture: Stefan Gosatti/Getty Images Debt collectors may be used to recover almost $20m in unpaid hotel quarantine bills from travellers who have stayed in Western Australia … Continue reading →
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Restrictions on the reporting or consideration of certain debt prevents lenders from seeing borrowers’ complete debt circumstances and clouds lenders’ ability to fairly assess borrowers’ creditworthiness, CUNA wrote to a House Financial Services Subcommittee Tuesday for its hearing on consumer … Continue reading →
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Photo (c) Hispanolistic – Getty Images Credit card lenders have reversed their early pandemic reduction in credit to consumers. A report from TransUnion shows that there was a spike in new credit card accounts in the second half of 2020 … Continue reading →
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Source: Shutterstock. Delinquency rates for mortgages backed by commercial and multifamily properties continue to decline this year, according to reports released Thursday by the Mortgage Bankers Association. And NCUA data shows the trend also held for the 10 largest credit … Continue reading →
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Credit bureau Experian has launched a new employment verification product, Experian Verify, to more accurately convey employment data to lenders and increase their pool of potential customers. The new solution was launched among Experian clients in April, in conjunction with … Continue reading →
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