When is a Check Not a Check?

Apr 04, 2012 Dave King

When it is taken electronically or more commonly known, as a “customer-not-present” transaction. There are very few tools to manage risk for such transactions. At least in a face to face transaction the check acceptor has the option


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CFPB on Collections, Accounts in Default, and Consumer Reporting

Mar 29, 2012 Admin

A CFPB examination of any lender generally involves a review of the collection practices of that lender. However, according to the CFPB Short Term and Small Dollar examination manual, companies which collect on their own behalf are not prone


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Tenant Background Check Tips

Mar 21, 2012 Matt Roesly

Apartment owners and property managers handling large numbers of rental units constantly face the hassle and risks posed by unpaid rent, criminal behavior, and other adverse circumstances. Dealing with these problems is inevitable, particularly


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CFPB Examination - Module 2: Application and Originations Explained

Mar 07, 2012 Admin

Last week I covered Module 1, Marketing, of the Consumer Financial Protection Bureau’s Examination guidelines and so this week I like to move ahead to Module 2 of the examination.  Application and Originations.  Applications


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Consumer Financial Protection Bureau Examination - Module 1: Marketing Explained

Feb 29, 2012 Admin

When the Consumer Financial Protection Bureau audits or reviews a payday or short term lending firm, they will look for a variety of risk factors associated with fraudulent or unethical lending. In the ever-changing world of online short term


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