SmartCredit®

Big changes at the CFPB – what does this mean for financial businesses? The Consumer Financial Protection Bureau (CFPB) is hitting pause on all supervision and examinations. Acting Director Russell Vought has ordered the agency to halt oversight of financial companies, close its headquarters, and suspend funding for the next quarter. Why does it matter? Compliance expectations may shift, and enforcement actions could slow down. With fewer protections in place, consumer confidence in financial services may be affected. Have thoughts? Share them in the comments. #CFPB #FinancialRegulations #Compliance

Could BNPL be used for #FICO®️score calculations?🤔 Maybe! FICO and Affirm have released a comprehensive study analyzing the impact of ‘Buy Now, Pay Later' (BNPL) loans on consumers' FICO® Scores. In the study, they found: For most people, BNPL loans had little impact on their FICO® Scores—usually within ±10 points. But for those with multiple BNPL loans, some even saw a score boost! Adding BNPL data helped lenders make more informed decisions about creditworthiness. As BNPL services continue to grow in popularity, understanding their influence on credit scoring is crucial for our partners. This could change the consumer credit game… #BNPL #CreditInsights

Consumers are getting smarter about credit! 🔥📊 79% are now monitoring their scores monthly. Are you one of them? #CreditAwareness #FinancialHealth #SmartCredit

💡 Credit Myth Busted! 💳 Did you know your income is NOT included in your credit report? 🤯 Many assume a high salary boosts their credit score, but that's not how it works! #CreditTips #FinancialLiteracy #CreditScore #SmartCredit

Empowering Consumers Through Predictive Lending: Steve Reger Discusses How ConsumerDirect's myLONA™ Platform Enhances Borrower Outcomes

Don’t wait any longer—start with SmartCredit today! Reach out to our world-class partner support team at 714-503-8690 or visit https://lnkd.in/g8ZX3UD9. #smartcredit #consumerdirect #goals #takecontrol

Yesterday was a movie 🎥 let’s run it back today! ⏪ SmartCredit Conference Day 1 had insightful sessions and inspiring stories, and we’re just getting started! Here are a few inspiring takeaways we will never forget: - Ricardo Soto reminded us that “viewers are selfish,” and we must be #intentional about how we reach potential clients on social media. - Robert Quinones revealed the biggest secret to sales: #listening. - David Michalek gave us an answer to the dreaded price objection: funnel to a #DIY solution. - Aldiva Rubalcava taught us we don’t have to run away from helping people with #ITINs. - Lamar Hale urged us to stay ahead of the #AI-advancements curve so we don’t become obsolete. - Javier Chavez spilled the sales and marketing secrets that we can start using to enhance our hiring processes all the way to our closing #strategies. - Sharif Ceasar schooled us all on #TikTok hacks, reminding us that “where attention goes, #money flows.” #scc24 #smartcreditconference2024

Our After Dark event was an unforgettable kickoff to the SmartCredit Conference! 🌟 🤝 Amazing conversations, good vibes, and new connections made at the beautiful Hilton Long Beach. Missed it? Don’t worry—we’ve got the highlights right here! Check it out and get ready for more magic at #SmartCreditConference2024 ✨

⏰ The wait is almost OVER! ⏰ We’re just ONE day away from the second annual SmartCredit Conference—and we’re kicking things off tomorrow with our exclusive After Dark event at the stunning Long Beach Hilton. Don’t miss out on the chance to connect, learn, and grow with some of the top minds in the credit industry while enjoying wonderful drinks and bites all night long. This is your FINAL opportunity to be part of our cutting-edge workshops, expert-led sessions, and insightful panels designed to level up your credit knowledge. 🎟️ Get your tickets now before it’s too late: https://lnkd.in/gBbnNK8K