Biz2X

JULY 11, 2023

This guide makes the case for why lenders, including banks and credit unions, MUST invest in business loan automation. It also offers automated debt collection. Enhanced scoring of business credit risk using default probability based on modeling. Automated calculation of prospective-borrower credit ratings.

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Credit and Collections Debt Collections Credit Risk Credit Unions 52

CreditStrong for Business

OCTOBER 24, 2024

Many local banks, credit unions, online institutions, and other lenders offer personal loans. In the event of a default on a secured loan, the lender will take possession of the collateral asset based on a legal right or claim known as a lien.

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Bankruptcy Credit Scoring Credit and Collections Credit Unions 52

Biz2X

SEPTEMBER 10, 2024

On the repayment front, automated systems offer lenders improved visibility into outstanding loans and can streamline debt collection processes, helping avoid default risks. The absence of small businesses is negatively impacting revenue at banks and other traditional lenders, including credit unions.

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Credit and Collections Credit Unions Debt Collections Small Businesses 40

Due

AUGUST 27, 2024

Multiple lenders to choose from Unlike larger traditional loans available from banks and credit unions, which may often limit the number of options available, there are plenty of title loan lender options available to choose from. However, any remaining debt will not be passed through to a debt collector or reported as a delinquency.

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Credit Scoring Credit Unions Credit and Collections Collector 52

RMAi Blog

MARCH 14, 2025

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. A Wisconsin borrower defaulted on two credit card accounts issued by a national bank.

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Collector Credit and Collections Law Firms Default 130

RMAi Blog

APRIL 12, 2023

New York AB 1035 – This bill would prohibit debt collectors from communicating with consumers through the use of email, text messaging, or private communication tools offered by social media companies. DFS is struggling with how to develop an appropriate consumer notice since the CCFA does not apply to all forms of consumer debt.

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Law Firms Collector Credit and Collections Default 100