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Clarifying Risk Terminology...

By: Tom Hannagan Some articles that I’ve come across recently have puzzled me. In those articles, authors use the terms “monetary base” and “money...

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Challenges with creating tri-bureau credit attributes...

By: Wendy Greenawalt Today, most lenders evaluate tri-bureau credit data when making lending decisions. Credit attributes are the building blocks for creating models, scorecards,...

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Benchmarking – A Foundation for Success...

In recent months, the topics of stress-testing and loss forecasting have been at the forefront of the international media and, more importantly, at the...

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Monitoring your new account acquisition decisions: Ov...

By: Kari Michel Are you using scores to make new applicant decisions? Scoring models need to be monitored regularly to ensure a sound and successful...

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Tri-bureau Capabilities...

By: Wendy Greenawalt The US has the most extensive credit bureau data in the world. The available credit data is vast and very complex...

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Beyond the score: What lenders use in decisioning bey...

By: Tracy Bremmer It’s not really all about the credit score. Now don’t get me wrong, a credit score is a very important tool...

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Score range misconception...

— By Kari Michel What is your credit risk score?  Is it 300, 700, 900 or something in between?  In order to understand what...

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More clarifying language from the drafting agencies...

As I’ve suggested in previous postings, we’ve certainly expected more clarifying language from the Red Flags Rule drafting agencies.  Well, here is some pretty...

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FTC’s Red Flags enforcement deadline extension i...

We at Experian have been conducting a survey of visitors to our Red Flag guidelines microsite (www.experian.com/redflags). Some initial findings show that approximately 40 percent of...

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August 1st deadline may be ahead of you, but certain c...

As most industry folks are aware, the FTC recently pushed out their Red Flags Rule enforcement deadline to August 1, 2009. It is important...

Read More August 1st deadline may be ahead of you, but certain compliance requirements are in place today
Address discrepancies aren’t the end of the road...

One of the handful of mandatory elements in the Red Flag guidelines, which focus on FACTA Sections 114 and 315, is the implementation of...

Read More Address discrepancies aren’t the end of the road, but they sure can be a bump in it
Triage collections and recovery: A collections managem...

Back during World War I, the concept of “triage” was first introduced to the battlefield. Faced with massive casualties and limited medical resources, a...

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Collections question of the day...

How is your financial institution/organization working to improve your collections work stream? What are some of your keys for collections efficiency? What tools do...

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What are your thoughts?...

What are your thoughts on the third extension to the Identity Theft Red Flags Rule deadline? Was your institution ready to meet Red Flag......

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Improve collections accounts through handling and proc...

In addition to behavioral models, collections and account management groups need the ability to implement collections workflow strategies in order to effectively handle and...

Read More Improve collections accounts through handling and processing