Search Results for: consumer loan servicing

Business Digital Markets News

CFPB Investigates Illegal Collecting of Discharged Student Loan Payments

Fintech Staff Writer
by Fintech Staff Writer0
The Consumer Financial Protection Bureau (CFPB) today issued a bulletin reminding servicers of their duty to stop illegal behaviour with regard to private student loans that have been dismissed by bankruptcy courts and urging them to do so immediately. In a recent advisory, CFPB investigators discovered that certain loan servicers......
American Express Launches New Cash Flow Management Hub, Expanding Its Powerful Backing for Small Businesses
Analytics Banking Business Finance News

The CFPB Finds Illegal Junk Fees On Bank Accounts, Mortgages, Student Loans, And Auto Loans.

Fintech Staff Writer
by Fintech Staff Writer0
A special edition of Supervisory Highlights, published by the Consumer Financial Protection Bureau (CFPB) today, details illegal trash fees discovered in deposit accounts and across a variety of loan servicing sectors, including mortgage, student loan, and payday lending. Even for consumers who are financially knowledgeable, it can be difficult to......
Westlake Portfolio Management Chosen to Service Nicholas Financial's $165 Million Loan Portfolio
Finance News

Westlake Portfolio Management Chosen to Service Nicholas Financial’s $165 Million Loan Portfolio

Fintech News Desk
by Fintech News Desk0
Westlake Portfolio Management, a loan servicer located in Los Angeles, California, announces they have entered into a servicing partnership with Nicholas Financial, an auto and consumer loan finance company based in Clearwater, Florida. “We are extremely excited about our partnership with Nicholas Financial. Nicholas has an excellent reputation in the......
Winston & Strawn Expanding Miami Office Adds Two Partners: A Leading Corporate/Financial Services Lawyer and an Experienced Litigator
Lifestyle Markets News

CFPB To Establish Public Registry In Form Contracts For Consumer Rights And Protections

Fintech Staff Writer
by Fintech Staff Writer0
The Consumer Financial Protection Bureau proposed a rule to establish a public registry of supervised nonbanks’ terms and conditions in “take it or leave it” form contracts that claim to waive or limit consumer rights and protections, like bankruptcy rights, liability amounts, or complaint rights. In some cases, terms and......
LoanPro and MX Announce Partnership to Deliver Enhanced Financial Data for Loan Management Solutions
Lending News

LoanPro and MX Announce Partnership to Deliver Enhanced Financial Data for Loan Management Solutions

Fintech News Desk
by Fintech News Desk0
Partnership integrates LoanPro’s Loan Management Platform with MX data cleansing, categorization, and classification to deliver next-gen credit and rewards programs LoanPro, a modern loan servicing core platform, announced, a partnership with MX, an open finance leader, to deliver enriched financial data using MX’s Data Engine into LoanPro’s loan management platform.......
defi SOLUTIONS Introduces defi MANAGED SERVICING, A New Way of Thinking and Talking About Auto Lease and Loan Servicing
DeFi News

defi SOLUTIONS Introduces defi MANAGED SERVICING, A New Way of Thinking and Talking About Auto Lease and Loan Servicing

Fintech News Desk
by Fintech News Desk0
defi SOLUTIONS has announced a market realignment of the company’s technology-enabled, managed services outsourcing for lenders and introduced defi MANAGED SERVICING. Latest Fintech Insights : Goldman Sachs Asset Management and Cleanhill Partners Acquire Majority Stake in EPC Power Corp. “It was time for defi to take the lead and talk......
Atlantic Coast Mortgage Partners With NFTYDoor To Offer Digital Home Equity Loans
Mortgage News

Atlantic Coast Mortgage Partners With NFTYDoor To Offer Digital Home Equity Loans

Fintech News Desk
by Fintech News Desk0
Atlantic Coast Mortgage (ACM), a mortgage lender in 24 states, is launching NFTYDoor’s home equity product to its customers. Latest Fintech News: MANTL Announces Omnichannel Deposit Origination Platform for Credit Unions In 2021, interest rates were under 3.0%, which led to a strong purchase market, and a historic refinance boom. Now just over the......
Velocity Solutions Announces VelocityConnector to Enable Efficient and Secure API Connections to Disparate Banking Data Systems
Lending News

Velocity Solutions Launches Automated Business Microloan Platform, Akouba Micro

Fintech News Desk
by Fintech News Desk0
Velocity Solutions announces the launch of Akouba Micro, an automated, digital business microloan platform. Akouba Micro is the newest addition to Velocity’s lending solutions for banks and credit unions, which currently includes Akouba, a cloud-based SaaS business loan platform, and CashPlease, a short-term, small-dollar consumer loan platform. “Small business owners......
Bank of England Mortgage Taps Sagent to Power Its Entire Servicing Ecosystem in 10-Year Deal
Fintech News

Bank of England Mortgage Taps Sagent to Power Its Entire Servicing Ecosystem in 10-Year Deal

Fintech News Desk
by Fintech News Desk0
Deal combines world-class fintech homeowner experience with local lending service and expertise. Sagent will power customer attention, retention, engagement, and loan boarding with nimble systems synced by real-time data. Sagent, a fintech company modernizing mortgage and consumer loan servicing for America’s top banks and lenders, today announced a new 10-year......
Payveris Introduces Loan Payments for Financial Institutions to Offer Customers Integrated Real-Time Payment Methods & Channels
Digital Payments News

Payveris Introduces Loan Payments for Financial Institutions to Offer Customers Integrated Real-Time Payment Methods & Channels

Fintech News Desk
by Fintech News Desk0
Loan Payments is built by Paymentus, recognized by Aite-Novarica as the “Best in Class” industry leader for Biller Direct EPPP solutions New Payveris service is powered by the Instant Payment Network®, the only integrated ecosystem of real-time digital bill presentment, payment and money movement capabilities in the market Payveris, a......
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