How High-Risk Lending Reaps Rewards
Managing risk and building relationships helps two small credit unions lend to C-D-E-paper borrowers.
Managing risk and building relationships helps two small credit unions lend to C-D-E-paper borrowers.
Any time a debt collector or a creditor communicates with a consumer on a debt, it is important to first review federal and state laws.
Class-action suits pile up and it’s very easy to run afoul of complex, outdated regulations surrounding auto-calls and collections.
Here are four elements of a collection reporting system that will help you effectively measure your operation’s success.
A solid indirect payment solution can lead to strong relationships with new borrowers and multiple potential income streams.
Here are some time-tested ways to research, communicate, and “close the sale” that works for the debtor and the credit union.
Communication and a shared perspective allow this consortium to gain efficiencies in areas that are scalable and manageable with clear metrics and service level agreements.
These four lawsuits can provide valuable lessons to the industry.
After an AI-driven unsecured short-term loan brought in roughly $10 million in four years, the mid-Atlantic cooperative is branching out into credit cards.
Discover how Liberty FCU and Veridian Credit Union are successfully increasing mortgage portfolios with strategies tailored for Gen Z and millennials.
Credit union CFOs say the new standard has created clear processes and more collaboration between finance and lending, while adding even more work to an age-old process.
With costs and regulatory pressures rising, many institutions are turning to an agent-issuing model to ensure members get superior service.
A digital loan origination system can revolutionize a credit union’s lending process by boosting efficiency, minimizing risk, and enhancing the borrower experience.
With costs and regulatory pressures rising, many institutions are turning to an agent-issuing model to ensure members get superior service.
From sky-high housing prices to increased credit card spending and beyond, these are the prime factors influencing today’s lending landscape.
From payments to claims processing and beyond, understanding your collateral protection insurance needs is crucial to selecting the right partner.
Wings Credit Union unlocked opportunity in its mortgage portfolio by drawing in members with a desirable rate and a few other perks.
With deposits per branch up 50% in the last five years, many credit unions are redeploying staff to provide more holistic offerings such as financial counseling.