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Member Alert: Wisconsin Court of Appeals Decision on Right to Cure Notice

RMAi Blog

The Court of Appeals of Wisconsin, District I, recently held that the National Bank Act does not preempt the Wisconsin Consumer Acts requirement to send a notice of right to cure to a borrower in default prior to filing a collection action. BACKGROUND A Wisconsin borrower defaulted on two credit card accounts issued by a national bank.

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Why financial institutions are rethinking 2D risk rating models

Abrigo

This blog breaks down the pros, cons, and what financial institutions should consider when evaluating their risk rating approach. An effective risk rating framework is probably the single most important tool a bank can use when it comes to managing credit risk. Exposure at Default (EAD): The dollar amount at risk if default occurs.

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If a Collection Account Is Deleted, Does Your Credit Score Increase—Answered

CreditStrong for Business

If a collection account is deleted, does your credit score increase ? The short answer is that it depends on the credit-scoring model used to evaluate your credit. If a collection account appears on your credit, it highlights a crucial issue with your financial health, which you should immediately work to improve.

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Privacy by design and default: Purpose & Data Controller driven processing of personal data

SAP Credit Management

SAP plans to provide substantial functionality to adhere even more to the privacy by design and default principle. Within this blog an overview on the aimed final opportunities of purpose-based processing is provided. Abstract Within SAP S/4HANA, a major change opportunity in the processing of personal data is planned.

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The top lending & credit risk blogs of the year

Abrigo

The most-read lending & credit blogs in 2023 Probability of default, CECL model validation, and stress testing were among Abrigo's top blogs on ALM, CECL, and portfolio risk this year. Abrigo's blog covered these and other subjects in 35 credit and lending-specific posts this year.

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Cloud Integration: Call iFlow | Basic Authentication | user from Azure Active Directory | IAS as Proxy

SAP Credit Management

In this blog post, we learn how to set up a scenario where users from an external Identity Provider, like Microsoft Azure Acticve Directory, should be able to call an iFlow with their own user credentials. Preparation This blog post focuses on configuring AAD, IAS, BTP to enable the Basic-Authentication-Scenario for iFlows.

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End to End Story for Implementation in SAP Cloud ALM

SAP Credit Management

In this blog post, I would like to explain the steps to get maximum value from SAP Cloud ALM quickly and also a recommended sequence. This can also be done later, please refer change and deployment section in this Blog Post). Default is restricted. Requesting SAP Cloud ALM. Initial setup by Administrator. Fit Standard Workshops.

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