Credit Grantors News

Collections & Recovery

A credit grantor is any individual or business that extends credit to customers. The credit can be for other businesses or consumers and can come in many forms, such as closed-end loans (like auto loans, mortgages, and student loans), revolving loans (like credit cards or certain home equity loans), or a hybrid of the two. Some credit is backed by property or assets. In the U.S., the primary credit grantors are large commercial banks and credit unions. But credit is also extended by small businesses, governments, and other organizations.

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CFPB Files Complaint Against Online Lender Alleging MLA Violations

18 October 2022

A Guide to Building a Robust Vendor Management Program in Collections

6 October 2022

CFPB Signals Increased Scrutiny of Credit Card Industry Interest Rates

6 September 2022

Banking Groups Challenge CFPB’s RFI on Customer Service

1 September 2022

4 Vendor Management Best Practices for Collections and Recovery

18 August 2022

NY DFS to Focus on Equitable Access to Banking, Innovation

12 July 2022

Simplification and Possible Registration of Nonbanks on CFPB Rulemaking Table

6 July 2022

CFPB Deputy Director Takes Aim at “Rent-a-Bank Schemes”

27 June 2022

CFPB Focuses on Innovation; Creates New Office and Hints at Future Rulemaking

25 May 2022

Senate Banking Subcommittee Holds Hearing on Overdraft Fees and Their Effects on Working Families

19 May 2022

CFPB Says ECOA Applies to an Accounts Full Life Cycle, including Collection Procedures

10 May 2022

CFPB Issues Report on Credit Card Late Fees

6 April 2022

Without Creditor Cooperation, Debt Collectors Cannot Safely Work Accounts After November 29th

11 October 2021

NY Department of Financial Services announces initiative to collect and publish diversity data

17 August 2021

Maine Amends Consumer Credit Code to Target Loans Made Using Bank Partnership Model

12 August 2021

CFPB Fines GreenSky $2.5 Million and Requires Cancellation of $9 Million in Loans

15 July 2021

Credit Eco To Go: Creating a Voice for Fintechs

6 July 2021

Executive Q&A: Katabat CEO Shares Charge-Off Predictions and Thoughts About the Future

25 May 2021

Maryland Alleges Partnership Program Between Missouri Bank and Fintech Partners Violates State Licensing Laws

18 May 2021

Executive Q&A: Oliver CEO Shares How Top Creditors are Shifting the Collections Paradigm to Win in a Dynamic Compliance Environment

11 May 2021