Search Results for: Consumer Credit

CU Direct Connect Changes Name to Origence Lending Services, Experiences 105% Growth in Credit Union Funded Loans in 2021
Lending News

CU Direct Connect Changes Name to Origence Lending Services, Experiences 105% Growth in Credit Union Funded Loans in 2021

Fintech News Desk
by Fintech News Desk0
CU Direct Connect, an industry leader in lending operations support solutions, announced it has changed its name to Origence Lending Services, a CU Direct brand. The new name reflects the evolution of the company, while also more closely aligning its products and services with the Origence brand, providing Origence a more......
CFPB Announces Steps to Prevent the Weaponization of Credit Reporting SystemCFPB Announces Steps to Prevent the Weaponization of Credit Reporting System
Consumer protection laws Credit Bureaus debt collection Featured

CFPB Announces Steps to Prevent the Weaponization of Credit Reporting System

Sudipto Ghosh
by Sudipto Ghosh0
To prevent the weaponization of existing credit rating systems by debt collectors and insurance agents, the CFPB has taken stringent steps. CFPB has released a report on how various agents are misusing credit rating systems to coerce people. Amid COVID-19, there is a total outstanding of around $88 billion USD......
Heritage Southeast Bancorporation and VyStar Credit Union Extend Purchase Agreement
Banking News

Heritage Southeast Bancorporation and VyStar Credit Union Extend Purchase Agreement

Fintech News Desk
by Fintech News Desk0
Heritage Southeast Bancorporation, Inc announced that HSBI, Heritage Southeast Bank and VyStar Credit Union have mutually agreed to extend the time available to obtain regulatory approvals, satisfy other closing conditions and prepare for a smooth transition of HSBI’s business to VyStar, by waiving their respective rights to terminate the purchase......
TransUnion to Maximize Financial Inclusion Opportunities for the Nearly 100 Million Consumers Using BNPL Loans
debt collection Digital Payments News

TransUnion to Maximize Financial Inclusion Opportunities for the Nearly 100 Million Consumers Using BNPL Loans

Fintech News Desk
by Fintech News Desk0
New solution suite will help people using BNPL loans get credit for their payments today and establish credit long-term Up to 100 million U.S. adults* have used buy now pay later (BNPL) loans at least once in the past 12 months, but financial institutions currently do not have access to......
FICO Survey: Overconfidence Could Put UK Consumers at Risk from Scams
News Risk Management

FICO Survey: Overconfidence Could Put UK Consumers at Risk from Scams

Fintech News Desk
by Fintech News Desk0
FICO’s latest survey reveals consumers are more worried about identity theft than scams; one in four feels there aren’t enough security checks As more payments are made online, new research from global analytics software firm FICO suggests that consumers are overconfident about their ability to spot a scam. When asked......
SmartMetric Biometric Card Brings Fingerprint Recognition Security to the Next Generation of Safe to Use Credit and Debit Cards
News Security

SmartMetric Biometric Card Brings Fingerprint Recognition Security to the Safe to Use Credit and Debit Cards

Fintech News Desk
by Fintech News Desk0
SmartMetric, Inc., having developed a miniature fully functional fingerprint scanner that fits inside a credit and debit card, brings the power and security of biometric technology for the next generation of credit and debit cards. Consumer research has shown that credit card users are seriously concerned about the safety of......
Advia Credit Union Celebrates Milestone of $75 Million in Cost Savings for Members
Finance News

Advia Credit Union Celebrates Milestone of $75 Million in Cost Savings for Members

Fintech News Desk
by Fintech News Desk0
Advia Credit Union announced that it has passed a milestone of $75 million in cumulative savings for its members through its popular Half-Off Loan Transfer program, established in 2007 and offered annually since. Advia typically saves members an average of $3,000 over the life of their transferred loan(s) Advia’s Half-Off Loan Transfer......
Bethpage Federal Credit Union to Go Live With Scienaptic’s AI-Powered Credit Decisioning Platform
Finance News

Bethpage Federal Credit Union to Go Live With Scienaptic’s AI-Powered Credit Decisioning Platform

Fintech News Desk
by Fintech News Desk0
Initial tests show potential for 70-90% increase in automated decision-making and double-digit increases in credit approvals for card and auto portfolios Leading global AI-powered credit decision platform provider, Scienaptic AI announced that Bethpage Federal Credit Union is planning to implement its AI-powered credit decisioning platform. This deployment will enable the credit union to make......
Built Partners with GreenState Credit Union to Accelerate Commercial Lending
Lending News

Built Partners with GreenState Credit Union to Accelerate Commercial Lending

Fintech News Desk
by Fintech News Desk0
Relationship Empowers GreenState to Better Serve Customers, Scale Commercial Lending Operations in the Midwest Built Technologies (Built), the fastest growing construction finance platform in the U.S., announced that it is partnering with GreenState Credit Union to help it better scale its $2 billion commercial portfolio in the Midwest and support existing......
Miami Credit Union Testifies Before Senate And Asks For Funding To Better Serve Low-Income & Minority Borrowers
Credit Bureaus

Miami Credit Union Testifies Before Senate And Asks For Funding To Better Serve Low-Income & Minority Borrowers

Fintech News Desk
by Fintech News Desk0
JetStream Federal Credit Union CEO Jeanne Kucey Calls Attention To Vital Impact Of Community Development Financial Institutions JetStream Federal Credit Union’s CEO, Jeanne Kucey, appeared before the Senate Committee on Banking, Housing, and Urban Affairs Subcommittee on Financial Institutions and Consumer Protection, where she appealed to the Committee members to......
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