RMAi Blog
MAY 1, 2023
The law will take effect January 1, 2026. On May 1, 2023, Indiana Governor Eric Holcomb signed into law Senate Bill 5 , making Indiana the seventh state to enact a comprehensive consumer data privacy law, following California, Virginia, Colorado, Utah, Connecticut, and Iowa.
Abrigo
MAY 30, 2023
Timelines for small business loan data collection and reporting Deadlines for complying with the new CFPB section 1071 rule requirements for financial institutions to collect data on small business loan activities. Takeaway 3 The earliest deadline requires financial institutions to begin collecting data Oct.
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Abrigo
AUGUST 29, 2022
E-signature capabilities benefit both customers and staff Banks and credit unions that leverage electronic signature capabilities reap the benefits of a more efficient lending process. Takeaway 1 Optimize the signature collection process. Better communication, data collection, and storage offer opportunities for efficiency gains.
RMAi Blog
SEPTEMBER 13, 2024
On September 5, 2024 the CFPB issued its annual Fair Debt Collection Practices Act report. The report stated that the CFPB received approximately 109,900 debt collection complaints in 2023. The number one complaint type was “attempts to collect debt not owed.”
SAP Credit Management
JANUARY 22, 2023
Input data Let´s look again at the data we have collected already: In Step 4 ( described in Part 3 ) the expected outcomes have been estimated – by years, based on example of the one KPI (DII MRO). It´s also about future perspective, changing business models, adoption and overcoming to new challenges and getting all the best using new trends.
MNS Credit Management Group
JULY 18, 2023
According to a World Bank estimate, Bangladesh’s Gross Domestic Product (GDP) per capita was $2,503 in 2021, and the country announced in 2021 that it would leave the category of Least Developed Country (LDC) in 2026. Age above 15) Financial inclusion factors: 48% of people have a bank account; 24% have a credit card; 2.4%
Biz2X
FEBRUARY 27, 2024
This rule requires financial institutions to collect and provide data on lending to small businesses, aiming to enhance transparency, accountability, and fair lending practices. Larger lenders are required to collect and report data earlier, with thresholds set to ensure comprehensive coverage.
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