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The Evolution of RMAI Certification and the Importance of Self-Regulation

RMAi Blog

With the encouragement of federal regulators, RMAI spent the better part of 2012 developing the RMCP and officially launched the program in March 2013. Making Evolutionary Changes The certification journey commenced in 2012, initially focusing on debt buyers. in the seven years from 2012 to 2018.

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Auto lending up more than 30 percent at credit unions since 2012

Abrigo

Two big ticket items – homes and cars – are on the minds of many consumers, and this could spell success for many credit unions. And just as in mortgage lending , credit unions are seeing a bigger piece of the consumer loan pie. credit union auto lending portfolios are faring. billion).

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Get Ready for a Wave of Commercial Bankruptcies

Your Virtual Credit Manager

After, the Great Recession of 2008, commercial bankruptcies peaked in 2009 and did not drop below pre-recession levels until 2012. Clearly, the level of Business Credit Risk is going to remain elevated as we move through 2024, bringing with it the potential for corresponding increases in bad debt and delinquency.

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EverChain Patents Universal Due Diligence System Providing Unprecedented Visibility Into Client Network

RMAi Blog

When I founded EverChain in 2012, the debt sale and placement marketplace for default debt portfolios was inefficient and flawed,” Matthew Wratten, Chairman and CEO of EverChain said. Over the last decade, we’ve rapidly introduced truly market-changing products and services.

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Seven Observations from Silicon Valley Bank's Failure

Your Virtual Credit Manager

Any enterprise extending credit to another business needs to have real treasury expertise. The role of credit should not be focused on preventing bad debt losses, but rather maximizing profits. Likewise, being heavily concentrated in a single industry is another good reason for working with a credit insurer.

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Product Compliance in SAP S/4HANA Cloud, Public Edition 2308

SAP Credit Management

With the Process Compliance Disclosures – For Suppliers ( F7370 ) app, you can streamline the collection and consolidation of incoming compliance data for your suppliers based on corporate-wide compliance disclosures. Stay tuned!

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Managing your credit union’s loan data

Abrigo

Whether it’s part of a CECL preparedness conversation or part of a more proactive approach to risk management under existing regulatory expectations, the topic of “loan-level data” has repeatedly come up since the 2012 proposal from the FASB. These data silos make it all the harder for credit unions to begin data archiving.