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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CFPB Examination - Module 3: Payment Processing and Sustained Use
Mar 14, 2012 Admin
Over the last couple of weeks I’ve covered the details surrounding Module 1, Marketing, and Module 2, Application and Originations, of the Consumer Financial Protection Bureau. And now it’s time to move on to Module 3, Payment
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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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ODFI Fraud Risk: Not Just a Merchants Problem
Feb 15, 2012 Admin
ACH fraud is not an issue which affects consumers and businesses alone – there is also originating depository financial institutions (ODFI) fraud risk. Anyone who has completed a transaction via phone or internet to pay for goods
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