Privacy Policy

This privacy policy sets out how FactorTrust uses and protects any information that you give FactorTrust when you use this website. FactorTrust is committed to ensuring that your privacy is protected.

United Auto Credit leverages FactorTrust to boost underwriting

  • Posted by Laurie Anderson
  • On April 27, 2017
Alternative credit information provider FactorTrust announced earlier this week the addition of United Auto Credit to its growing number of clients enlisting alternative credit data to help qualify and evaluate risk in their underwriting process. Executives explained trends in the non-prime automotive segment have financial service providers seeking ways to identify and interact with underbanked […]
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3 Ways to Take Action

  • Posted by Laurie Anderson
  • On April 27, 2017
  • credit, financial literacy, money
Financial knowledge is important. Just 57 percent of American adults are financially literate, according to the 2015 S&P Global Financial Literacy Survey. That ranks 14th in the world – far behind such nations as Denmark (71 percent), Canada (68 percent), Israel (68 percent), Germany (66 percent) and Australia (64 percent). Clearly, Americans can do better, […]
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How to Prevent a Tragedy: Know your Role During a Government Investigation

  • Posted by Laurie Anderson
  • On April 24, 2017
  • collection, compliance, FactorTrust, government, investigation
By Barb Sinsley, FactorTrust general counsel & chief compliance officer In an article published in the May 2017 issue of the Association of Corporate Counsel Docket, Arnall Golden Gregory’s partner David Felt and FactorTrust Inc’s General Counsel and CCO Barbara Sinsley provide guidance on how to effectively manage a government investigation. Setting: You are the in-house […]
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Debunking Myth #1: Consecutive Borrowing Leads to Increased Default Rates

  • Posted by Laurie Anderson
  • On April 20, 2017
  • alternative credit data, CFPB, covered loans, repeat borrowing, underbanked
By Dan Richard, FactorTrust VP, analytics & product strategy A common myth exists around the relationship between the repeat-borrowing behaviors of the underbanked and their consequent default rates. The repeat nature of some loan products offered by alternative lenders to underbanked borrowers can raise an eyebrow with regulators and consumer watchdog organizations, producing perceptions of […]
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Demographics of Underbanked Completes Picture of Prospects

  • Posted by Laurie Anderson
  • On April 20, 2017
  • alternative credit data, demographics, infographic, underbanked, underbanked index
By Dan Richard, FactorTrust VP, analytics & product strategy Taking the time to understand each customer segment can reap benefits for companies wanting to earn or keep a foothold in the alternative financial services (AFS) industry. Using alternative credit data to get to know the habits of underbanked consumers, in particular, helps financial providers and […]
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CONGRESS AWAKES ON CYBERSECURITY

  • Posted by Laurie Anderson
  • On April 13, 2017
  • cyber-act, cybersecurity, FactorTrust
By Barb Sinsley, FactorTrust general counsel & chief compliance officer We have all heard a great deal lately about cybersecurity.  By now, most companies have hired information security officers, purchased cybersecurity insurance, annoyed employees with social engineering tests, attended webinars and other events. It seems every day,  a new event in cybersecurity is hitting the […]
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OH SURE, WELLS FARGO. BLAME THE LAWYERS!

  • Posted by Laurie Anderson
  • On April 13, 2017
  • compliance, FactorTrust, underbanked, Wells Fargo
By Barb Sinsley, FactorTrust general counsel & chief compliance officer If it were not so pathetic, it would be laughable—in an effort to blame anyone, anyone other than the executive team running Wells Fargo, they have made the magnanimous leap and have blamed the lawyers for the stupid way they ran the bank. Geez, really? […]
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FACTORTRUST’S FLEXFORMAT™: FIRST INDUSTRY STANDARD FOR CREDIT REPORTING FOR SHORT-TERM AND NON-PRIME LENDERS

  • Posted by Laurie Anderson
  • On April 12, 2017
  • FlexFormat, Metro 2, short-term lenders, underbanked
New Resource offers Real-Time Reporting on Underbanked Data ATLANTA – As part of its continued commitment to the needs of short-term lenders and the alternative financial services industry, FactorTrust announced today FlexFormat, the first industry standard in reporting short-term loan data for products focused on underbanked consumers. The underbanked typically are consumers with traditional credit […]
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United Auto Credit Selects FactorTrust to Assimilate Alternative Credit Data into Loan Underwriting

  • Posted by jrafeedie
  • On April 3, 2017
  • alternative credit data, Big 3 bureaus, FactorTrust, UAC, United Auto
ATLANTA–FactorTrust, the alternative credit bureau, today announced the addition of United Auto Credit to its growing number of clients enlisting alternative credit data to help qualify and evaluate risk in their underwriting process. Trends in the non-prime automotive segment have financial service providers seeking ways to identify and interact with underbanked and non-prime consumers through […]
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