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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Credit Unions Credit and Collections Transactions Small Businesses 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." Proposed Rule.

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Credit and Collections Credit Unions Credit Risk CECL 78

RMAi Blog

APRIL 13, 2023

Credit cards and debit cards can be confusing. Credit cards allow you to use other people’s money while debit cards only let you spend your own money. How a Credit Card Works: Before you can get a credit card, you will have to complete a credit application. They look the same but behave differently.

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Credit and Collections Credit Unions Deductions Credit Application 130

Abrigo

NOVEMBER 22, 2021

Takeaway 3 Consumer compliance laws related to debt collection and preventing money laundering are also important for lenders. Consumer lending compliance — like other aspects of enterprise risk management at financial institutions — saw a huge impact from the COVID-19 pandemic. Pandemic Issues. Consumer lending compliance spotlight.

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Credit and Collections Debt Collections Credit Unions Credit Risk 78