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Risk and Lending Predictions 2023: Hyper-Personalisation and More

FICO

While UK support will continue through 2023, and possibly into 2024, we can expect to see it provided on a more targeted basis as governments face rising debt burdens as a proportion of GDP. It’s a move typified in the UK by the launch of the FCA’s Consumer Duty , which reinforces a host of customer safeguards.

Lending 52
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Critical Steps to Improving Hyper-Personalization at Scale

FICO

As a result, hyper-personalization is now front-of-mind among banking’s boardrooms. It’s also a minimum mandatory expectation among bank customers. Alyson Clarke, Principal Analyst at Forrester, presented the latest research and insights based on 350+ banking professionals at FICO World 2023 in May.

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Preparing for Section 1071

Abrigo

What banks need to know as the CFPB gets closer to its final rule Banks, credit unions, and other creditors may be required to collect more data for each application under a new rule. The CFPB plans to issue a final rule implementing Section 1071 small-business reporting requirements by the end of March 2023, according to court filing.

Lending 195
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Top 5 Debt Collection Posts of 2022: Crisis and Opportunity

FICO

Wed, 01/18/2023 - 15:50. Here are the top five posts from 2022 on debt collection trends. Top 5 Debt Collection Posts of 2022: Crisis and Opportunity. As more people enter the collections queue due to rising costs and economic wobbles, our collections experts share their tips for early collections, digital approaches and more.