Tag: consumer debt

Activity, Retail Banking

Understanding Customers’ Finances Strengthens Relationships

August 26, 2022

Via: Bank Director

As the current economy shifts and evolves in response to inflationary pressures, and consumer debt increases, banks may encounter an influx of customers who are accruing late charges, overdue accounts and delinquencies for the first time in nearly a decade. […]

Capital and Risk, Credit

Credit unions seek injunction blocking enforcement of NY law reducing debt judgment interest rate

April 15, 2022

Via: JD Supra

Three credit unions have filed a federal class action lawsuit in the Southern District of New York seeking to halt the enforcement or implementation of New York’s recently passed S.B. 5724A which would retroactively and prospectively lower the statutory annual […]