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Identifying and preventing synthetic identity fraud
While preventing fraud has always been a key challenge for businesses in any industry, the task has been made even more difficult by the prevalence of online sales and the...
Using technology to keep up with regulations
The current economic climate brings a new — and unwelcome — dimension to risk management and compliance. Lenders are challenged to understand guidelines regarding payment relief programs in the time...
Post-COVID compliance predictions
The Consumer Financial Protection Bureau released a report in April evaluating the pandemic’s effect on credit originations. After evaluating 5 million March credit records, including inquiries made by lenders in...
Credit reporting during a pandemic
The economic impact of COVID-19 has already proven catastrophic for many businesses and consumers. Many employers are reducing their staffing or closing their doors permanently. As of May 8, 2020,...
Debt collection calls allowed to continue in Mass.
On May 6, 2020, U.S. District Court Judge Richard Stearns entered a temporary restraining order (TRO) temporarily enjoining Massachusetts Attorney General Maura Healey from enforcing an emergency regulation, which prohibits...
