Abrigo

MAY 30, 2023

Takeaway 2 Reporting tiers and their deadlines are based on the number of covered transactions to small businesses that a lender originated in 2022 and 2023. Despite the seemingly long runway to prepare, it's not too early to get a handle on the new requirements and how they will affect a bank or credit union.

Credit Unions 78

Credit Unions Credit and Collections Transactions Small Businesses 78

Abrigo

MAY 5, 2017

Instead, applicants have more gripes about the process they encountered at financial institutions than about the financial aspects of their transactions, according to the 2016 Small Business Credit Survey by the Federal Reserve. That percentage increased to 67 percent among applicants with revenue of $1 million or less.

Credit Unions 60

Credit Unions Credit Application Small Businesses Transactions 60

CreditStrong for Business

SEPTEMBER 17, 2024

If you don’t have any revolving credit yet, they should probably be the first account type you consider. In most ways, secured cards function identically to traditional credit cards. You can use them to complete your daily transactions, and they often provide modest cash back rewards.

Credit Scoring 52

Credit Scoring Credit Application Credit Unions Credit Card Companies 52

CreditStrong for Business

MARCH 3, 2023

If you don’t have any revolving credit yet, they should probably be the first account type you consider. In most ways, secured cards function identically to traditional credit cards. You can use them to complete your daily transactions, and they often provide modest cash back rewards.

Credit Scoring 52

Credit Scoring Credit Application Credit Unions Credit Card Companies 52

Abrigo

NOVEMBER 22, 2021

Banks and credit unions extending payments on vehicle loans, personal loans, or other consumer loans had to ensure they provided accurate disclosures in compliance with federal and state consumer protection laws. Consumer lending compliance spotlight.

Credit and Collections 78

Credit and Collections Debt Collections Credit Unions Electronic Funds Transfer 78

Abrigo

SEPTEMBER 14, 2022

What banks need to know as the CFPB gets closer to its final rule Banks, credit unions, and other creditors may be required to collect more data for each application under a new rule. You might also like this webinar: "Fortify Your Loan Policy to Effectively Manage Credit Risk." The proposed rule , unveiled Sept.

Credit and Collections 78

Credit and Collections Credit Unions Credit Risk CECL 78