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October

11
2022
Industry News

Credit unions can sign up for call report, cybersecurity information from NCUA

NCUA invites credit unions to sign up for information on topics related to Call Reports and cybersecurity. Call Report information will specifically address the 5300 Call Report and the credit union profile.

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October

11
2022
Industry News

A Stunning Opinion on “Dunning” ‎Letters: Revised Opinion Following En Banc Review

In a revised opinion issued September 8, 2022, an en banc panel of the Eleventh Circuit Court of Appeals reversed last year’s controversial opinion which potentially spelled trouble for debt collectors utilizing third-party vendors to prepare and mail correspondence to consumers.

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October

11
2022
Trends

ARM Industry Claims Increase Across the Board in August

WebRecon’s latest report shows litigation increased across the board in August in Telephone Consumer Protection Act, Fair Debt Collection Practices Act and Fair Credit Reporting Act cases, after a slow summer.

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October

11
2022
Trends

Credit Card Borrowers Reverting to Pre-Pandemic Payment Patterns; TransUnion Study Explores Risks Related to Balance Increases

As pandemic-related government relief programs and forbearances fall farther behind in the rearview mirror, a new study from TransUnion (NYSE:TRU) found that many consumers are reverting to traditional payment patterns. The information is particularly important in today’s consumer credit market as pressures from high inflation and rising interest rates may further impact the delinquency landscape.

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October

11
2022
Industry News

OCC wants more data on banks’ crypto-related activities

The Office of the Comptroller of the Currency (OCC) is considering ways it can collect more data from banks that engage in cryptocurrency activities, Acting Comptroller Michael Hsu said Tuesday.

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