Regulatory & Policy Compliance
by January 22, 2013,
Regulatory & Policy Compliance
All skip tracing data is the same, right? Not exactly. While there
are many sources of consumer contact data available to debt
collectors, the quality, freshness, depth and breadth can vary
significantly. Just as importantly, what you ultimately do or don't
do with the data depends on several...read more
by December 20, 2012,
Regulatory & Policy Compliance
In my last post, I covered the importance of using quality credit
attributes to gain greater accuracy in risk models. Credit
attributes are also powerful in strengthening the decision process
by providing granular views on consumers based on unique behavior
characteristics. Effective uses include...read more
by December 3, 2012,
Regulatory & Policy Compliance
As building blocks to any predictive model development, it goes
without saying that the better the predictive variables, also known
as attributes, the more accurate the predictions. For many
predictive analytic modeling shops, attributes are a key
differentiator to model performance versus the...read more
by November 15, 2012,
Regulatory & Policy Compliance
Gone are the days when validating scoring models was a thing you
did when you got around to it. Besides that fact that the OCC wants
models validated at least once a year, it’s just good business
sense to make sure your tools are working as expected. At a
minimum, the OCC wants back testing, stress...read more
by October 10, 2012,
Regulatory & Policy Compliance
Let’s face it, debt collectors often get a bad rap. Sure,
some of it is deserved, but the majority of the nation’s estimated
157,000 collectors strive to do their job in a way that will
satisfy both their employer and the debtor. One way to
improve collector/debtor interaction is for the collector...read more
by August 19, 2012,
Regulatory & Policy Compliance
The great thing about being in front of customers is that you learn
something from every meeting. Over the years I have figured
out that there is typically no “right” or “wrong” way to do
something. Even in the world of fraud and compliance I find
that each client's approach varies greatly. It...read more
by August 7, 2012,
Regulatory & Policy Compliance
Last week, a group of us came together for a formal internal forum
where we had the opportunity to compare notes with colleagues, hear
updates on the challenges clients are facing and brainstorm
solutions to client business problems across the discipline
areas of analytics, fraud and software. As...read more
by August 6, 2012,
Regulatory & Policy Compliance
The Fed’s Comprehensive Capital Analysis and Review (CCAR) and
Capital Plan Review (CapPR) stress scenarios depict a severe
recession that, although unlikely, the largest U.S. banks must now
account for in their capital planning process. The bank
holding companies’ ability to maintain adequate...read more
by August 1, 2012,
Regulatory & Policy Compliance
by Shannon Lois These are challenging times for large financial
institutions. Still feeling the impact from the financial crisis of
2007, the banking industry must endure increased oversight,
declining margins, and fierce competition—all in a lackluster
economy. Financial institutions are especially...read more
by July 31, 2012,
Regulatory & Policy Compliance
The CFPB, the FTC and other regulatory authorities have been
building up their presence in debt collections. Are you in the line
of fire, or are you already prepared to effectively manage your
riskiest accounts? This year’s collections headlines show an
increased need to manage account risk....read more
