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November

14
2022
Trends

Study: Auto Lenders Find Customer Retention is Key to Driving New Loans

According to the J.D. Power 2022 U.S. Consumer Financing Satisfaction Study, released today, rising interest rates, slowing loan and lease volumes, and increased competition are causing auto lenders to realize their most valuable future customers are the ones they already have.

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November

14
2022
Industry News

The NC Supreme Court splits 3-3 in a closely watched debt collection case

The North Carolina Supreme Court, however, left untouched a pro-consumer decision in a case involving one of the country’s largest debt buyersit did so in a way that will have little impact on future litigation.

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November

14
2022
Trends

Global Peer-to-peer Lending Market to Reach $220.3 Billion by 2027

New York, Nov. 14, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Peer-to-peer Lending Industry" - https://www.reportlinker.com/p05900042/?utm_source=GNW
Traditional P2P Model, one of the segments analyzed in the report, is projected to record 17.7% CAGR and reach US$99.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Marketplace Lending Model segment is readjusted to a revised 29.3% CAGR for the next 7-year period.

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November

14
2022
Industry News

New York State Private Student Loan Refinancing Task Force

Chapter 774 of the Laws of 2021, signed into law in 2022, established a Private Student Loan Refinancing Task Force (the “Task Force”) tasked with “study[ing] and analyz[ing] ways lending institutions that offer non-federal student loans to students of New York institutions of higher education can be incentivized and encouraged to create student loan refinance programs.” 

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November

14
2022
Industry News

FCC Opens Use of Portal for Private Entities to Report Caller ID Violations

The Federal Communications Commission has finalized a rule under the Telephone Robocall Abuse Criminal Enforcement and Deterrence (TRACED) Act to implement a streamlined process for private entities to report calls that may be unlawful and callers who are using legitimate businesses’ phone numbers.

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