In this session, we will examine the CFPB's broad application of its UDAAP authority. Taken together with an exploration of the CFPB's various informal guidance documents addressing debt collection issues, we will determine what constitutes a potential UDAAP violation according to the Bureau.
We will also review the Federal Deposit Insurance Corporation's (FDIC) debt collection recommendations for 1st party collectors, as well as compliance points related to the Fair Credit Reporting Act (FCRA), the Fair and Accurate Credit Transaction Act (FACTA), and the Fair Debt Collection Practices Act (FDCPA). Finally, we will explore the recent verdicts and rulings that affect how you handle slow-paying accounts.
The practice of factoring dates back to ancient Rome, where citizens were known to sell promissory notes at a discount. Perhaps that’s how they financed the Coliseum.
Factoring is the “purchase” of a “client’s” accounts receivable, or invoices, at a discount. It is not a loan. As opposed to general bank lending, factoring is far less regulated business and factors charge whatever the market will bear.
In today’s credit-restricted market, the factoring business is booming. Factors often use independent agents to keep sales costs low and factoring has proven to be a recession-proof business.
Tuesday, September 18, 2018 - 2:00 PM - 3:30 PM ET
Lenders often become adept at financing unique types of borrowings, but as they penetrate a given area, this specialization also runs the risk of becoming a concentration. In today's market, several types of lending have become frequent specializations--agricultural lending, SBA lending, ABL lending, and energy lending.
Wednesday, September 19, 2018 - 11:00 AM - 12:30 PM ET
Helps businesses understand why institutions routinely change account security options, and provides attendees with a better understanding of what all the options really offer to help the business protect their accounts. Also explore which security controls are considered stronger and which controls are often defeated. Dual-control, out-of-band authentication, transaction analytics, behavior analytics, biometrics, and more are explored.
Tuesday, September 25, 2018 - 2:00 PM - 3:30 PM ET
The banking industry strives for strong credit culture, but what does that mean? What is a culture, and what makes it strong? How does an organization improve its culture? What are the basic elements of culture, and what must be monitored to ensure that is on track?
Join Dev Strischek in this webinar to find the answers to these questions, including risk appetite vs. credit tolerance, setting corporate priorities and selecting the appropriate culture, credit strategy, degree of risk management, and policies and processes needed to achieve the priorities.