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PA Attorney General enters into agreement prohibiting collections by buyer of private student loans

CFPB Monitor

The Pennsylvania Attorney General recently entered into an Assurance of Voluntary Compliance with Elevation Capital Partners, LLC, a buyer of private student loans, that prohibits Elevation from engaging in any collection efforts, directly or through servicers, related to loans made to Pennsylvania borrowers who attended schools operated by Education (..)

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Here Is the Latest Credit Data To Keep Your Bank Safe

South State Correspondent

This data is critical for pricing, capital allocation, and marketing. The Midwest continues to perform the best, followed by Pennsylvania. ” The reality is that banks should be much more granular in their ratings to allocate capital more efficiently. When you write a blog, your work is there for all to see.

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Commercial Credit Trends – Where to Tread Carefully

South State Correspondent

This data is critical for pricing, capital allocation, and marketing. The operative question is when commercial PODs will show a spike. The Midwest continues to perform the best, followed by Pennsylvania. ” The reality is that banks should be much more granular than that to allocate capital more efficiently.

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The Main Street Rescue That Wasn’t (And Still Isn’t)

PYMNTS

What happens if Main Street becomes less a proving ground for smaller businesses — born of, and serving, local communities — and more a collection of larger firms, well-capitalized, but already enjoying competitive advantages? Millions of smaller businesses are grappling with the impacts of the pandemic. The smallest loan, at $1.5

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Metromile Drives Home $191.5M In Funding

PYMNTS

From self-driving cars already turning over engines in Pennsylvania , to Lyft saying close to no one will own a car by 2025 , to IBM’s driverless shuttle , the question remains who will need car insurance. Canada’s Intact Financial and China Pacific Insurance, New Enterprise Associates, First Round Capital, Mitsui and SV Angel.

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CFPB issues annual FDCPA report; FTC issues annual letter on debt collection to CFPB

CFPB Monitor

The enforcement activities highlighted by the FTC in its annual letter (and described in the CFPB report) include the following: The FTC settled three lawsuits initiated as part of its “Operation Corrupt Collector” nationwide initiative addressing “phantom debt collection” and abusive and threatening debt collection practices.

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Shipping Inconsistencies Plague Nonessential eCommerce

PYMNTS

Knowing that Nike and Amazon were in the process of breaking their sales agreement, we tried a third item: a copy of Thomas Piketty’s new book, “Capital and Ideology.” For example, a Walmart distribution center in Lehigh Valley, Pennsylvania has been hit by nine COVID-19 infections so far, and workers have complained to local press. “As