Rules & Regulations

Loading...
4 things to do before dialing your customers...

Call if you need to, but protect yourself from TCPA exposure first. Follow these steps when creating your dialing strategy: Obtain customer consent Determine...

Read More 4 things to do before dialing your customers
CFPB’s latest debt collection proposal...

This summer, the Consumer Financial Protection Bureau (CFPB) took a significant step toward reforming the regulatory framework for the debt collection industry. The focus...

Read More CFPB’s latest debt collection proposal
Self-regulatory program for nonbank small-business len...

The Responsible Business Lending Coalition, a group of nonbank small-business lenders, recently announced a regulatory program designed to bring greater clarity to the industry’s...

Read More Self-regulatory program for nonbank small-business lenders
The power of data quality...

Data quality continues to be a challenge for many organizations as they look to improve efficiency and customer...

Read More The power of data quality
Study explores how frequently lenders validate credit ...

As part of its guidance, the Office of the Comptroller of the Currency recommends that lenders perform regular validations of their credit score models in order to assess model...

Read More Study explores how frequently lenders validate credit scores
Heartbleed: Is your organization prepared?...

The security world was taken by surprise earlier this month when researchers discovered Heartbleed, a new large-scale threat that exploits a security vulnerability in...

Read More Heartbleed: Is your organization prepared?
Bankcard utilization rates declining, but still high f...

Not surprisingly, bankcard utilization is the highest among subprime consumers with VantageScore D and F tiers having average bankcard utilization rates of 68% and 81% respectively. In comparison, VantageScore A tier (super prime) consumers had an average bankcard utilization rate of 6% and VantageScore B tier (prime) consumers had...

Read More Bankcard utilization rates declining, but still high for subprime
Impact of Basel III on capital requirements...

The cumulative effect of Basel III is expected to have a substantial impact on capital requirements. The total minimum regulatory capital will increase from 8 percent to 10.5 percent. For institutions that are considered “systematically important,” an additional holding requirement may be imposed of up to 3.5 percent. Download...

Read More Impact of Basel III on capital requirements
Are you in compliance with the new consumer protection...

The Consumer Financial Protection Bureau (CFPB) now has the ability to write and enforce 18 consumer protection laws that guide financial products and services. The new regulator has signaled the following issues as priorities: Clarity on how credit scores affect lender decisions: Beginning July 21, 2011, lenders were required...

Read More Are you in compliance with the new consumer protection laws?