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How Are Your Customers Doing?

Your Virtual Credit Manager

We don’t, however, want to minimize the importance of the credit side of the equation. As discussed in a recent post , gathering customer information doesn’t stop with the credit application. You put your firm at risk by limiting credit assessments to only new customers, which is too often the case.

Bad Debt 130
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Consumer Lending Compliance: Hot-Button Issues to Monitor

Abrigo

“This applies not only to consumer loans but to mortgages — residential and commercial—every form of credit in America,” he said during a recent Abrigo webinar, “ Consumer Lending 101.”. Reg B, which implements one of two federal fair lending laws (the other is the Fair Housing Act), describes requirements for accepting credit applications.