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September

26
2023
Trends

WEBRECON AUG 2023 STATS: THE ROLLER COASTER

After a down June and a mixed July, lawsuits and complaints were up across the board again in August. FDCPA complaints (+15%) led the pack with FCRA (+6.5%) and TCPA (+5.3%) following. In spite of all the month-over-month increases, only TCPA (+13.2%) remains up YTD, with FDCPA (-21.4%) and FCRA (-5.8%) having some ground to recover if they are going to break even with (or surpass) 2022.

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September

26
2023
Industry News

Grow Financial Federal Credit Union Selects Baker Hill NextGen® to Drive Business Loan Growth

CARMEL, Ind., Sept. 26, 2023 /PRNewswire/ -- Baker Hill, the leading financial technology provider in delivering solutions for loan origination, risk management, and analytics, has added Grow Financial Federal Credit Union as its newest client. The credit union has chosen to partner with Baker Hill to grow its business loan portfolio.

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September

26
2023
Industry News

What to do if you’re billed for an SBA EIDL or PPP loan you don’t owe

Did you get a bill for a Small Business Administration Paycheck Protection Program (PPP) loan or COVID-19 Economic Injury Disaster Loan (EIDL) you never applied for? If the answer is yes, an identity thief probably used your personal information to get the loan.

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September

25
2023
Industry News

Leagues, credit union continue advocacy in Washington, D.C.

Credit unions continued their advocacy in the nation's capital this week, with Leagues representing credit unions from six states in Washington, D.C.

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September

25
2023
Industry News

CFPB announces consumer reporting rulemaking

On September 21, the CFPB announced the beginning of its anticipated rulemaking regarding consumer reporting, including a proposal to remove medical bills from credit reports.

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