Collections & Recovery How the Focus on NPL Is Changing Europe’s Debt Market
Are we making the progress we want to see — and regulators demand — on non-performing loans (NPL)?
Tag Archives: Regulation
Risk & Compliance After the Court Decision: What’s Next for the TCPA?
Where do we stand on the industry’s challenge to the Telephone Consumer Protection Act (TCPA), now that the DC Circuit Court of Appeals finally issued its long-awaited decision?
Risk & Compliance Managing Pre-Delinquency Under IFRS 9 & Persistent Debt
The introduction of IFRS 9 will mean focus is placed on pre-delinquency — treatment of accounts before they exceed limits or miss payments.
Fraud & Security New Ways to Fight Fraud and Financial Crime
One of the biggest trends in the financial crime industry is the convergence of fraud and regulatory compliance operations, which includes AML and know-your-customer, or KYC, regulations.
Risk & Compliance CECL for Auto Finance – Where Do I Start?
Countdown to Competitive Advantage If you are working in auto finance, you are no doubt aware that new accounting rules are being introduced to improve the forward-looking estimate of expected credit losses on loans and leases. CECL, or the Current Expected Credit Loss model, has been designed to ensure earlier recognition of credit losses to do all we can to avoid a repeat of the GFC experience. Having a canary in the coalmine is something we should all embrace. The main challenge with CECL is that it will require higher levels of capital to be kept in reserve and lead to changes in lending practices and portfolio and product management. It will also require a significant amount of work to meet the implementation deadline of 15 December 2019, which is now less than 21 months away. Based on our experience with global clients working to comply with IFRS 9, this... [Read More]
Risk & Compliance How 4Finance Meets AML Rules in 10 Countries
Meeting the separate AML compliance requirements of multiple countries can be a nightmare - here's how global fintech 4finance did it in record time.
Risk & Compliance How Direct Debits Can Help with Persistent Debt and IFRS 9
The introduction of two initiatives in the UK credit card market may see an increase in the promotion and take-up of Directs Debit, and greater flexibility offered to those paying this way.
Collections & Recovery Will FCA Proposals Fix the UK’s Persistent Debt Problem?
The UK’s Financial Conduct Authority desperately wants to help 3+ million borrowers get out of persistent debt — but will the fixes work the way they want them to?
Collections & Recovery Top 5 Collections Posts: Getting Ready for IFRS 9 and GDPR
Last year saw collectors making plans to deal with new regulations, as were their colleagues throughout banking. It’s no surprise then that the most popular collections posts on the FICO Blog dealt with getting ready for IFRS 9 and GDPR.
Customer Engagement Churn Prevention: New UK Rules Make Analytics Vital
Having the ability to interpret the churn signals coming from different customer segments is becoming more important in managing customer relationships up-stream of switch requests.