If the current pandemic has taught us anything, it is that we depend on each other for in-person contact more than we thought. This is especially true for unbanked and underbanked consumers seeking financial services....more
5/18/2020
/ Car Dealerships ,
Consumer Financial Products ,
Coronavirus/COVID-19 ,
Credit ,
Cybersecurity ,
Debt Collection ,
E-Signatures ,
Financial Services Industry ,
FinTech ,
Loan Applications ,
Loan Origination Funds ,
Marketing ,
Moratorium ,
Remote Working ,
Risk Assessment ,
Risk Mitigation ,
Shelter-In-Place
The world has been struck by an unthinkable humanitarian crisis - COVID-19. We have never seen anything like this before, and this virus impacts every aspect of our lives. It is in this environment that creditors seek...more
4/27/2020
/ Adjusted Gross Income ,
Anti-Discrimination Policies ,
Consumer Credit Protection Act (CCPA) ,
Consumer Lenders ,
Coronavirus/COVID-19 ,
Credit ,
Creditors ,
Disparate Treatment ,
ECOA ,
Fair Housing Act (FHA) ,
Fair Lending ,
FFIEC ,
Protected Class ,
Small Business Loans
COVID-19 and the related emergency has had a dramatic effect on small businesses. States have implemented "stay-at-home" orders or otherwise ordered the closure of non-essential businesses, resulting in the virtual...more
4/7/2020
/ Business Closures ,
Compliance ,
Coronavirus/COVID-19 ,
Financial Distress ,
Financing ,
Merchant Cash Advance (MCA) ,
Natural Disasters ,
Risk Assessment ,
Small Business ,
State of Emergency ,
Usury
Congress has responded to the economic crisis brought on by the COVID-19 virus by passing economic stimulus packages to help small and mid-sized businesses. Congress included in the CARES Act $349 billion for Paycheck...more