How to comply with FCCPC’s new consumer lending regulations
Industry Information

How to comply with FCCPC’s new consumer lending regulations

If you gain any form of benefit from a lending transaction, whether in cash, goods, commissions, or barter, the FCCPC considers you covered under these regulations.

Use multiple credit bureaus to double your protection
Industry Information

Use multiple credit bureaus to double your protection

Relying on a single credit bureau can leave gaps in how you assess borrower risk. By using multiple credit bureaus, lenders gain a more complete view of a borrower’s financial behavior, helping to uncover inconsistencies, reduce blind spots, and improve decision accuracy. This layered approach not only strengthens fraud detection but also enhances confidence in credit decisions, making it a powerful strategy for lenders looking to protect their portfolio and lend more responsibly.

How to communicate with delinquent borrowers
FAQs

How to communicate with delinquent borrowers

Delinquent borrowers — whose loans are past due and remain unpaid — often challenge even the most empathic lenders who excel at customer communication. Learn how to communicate with them today