Author Archives: BEBdata

Dodd-Frank Act, What Is It?

The Dodd–Frank Wall Street Reform and Consumer Protection Act was signed into federal law by President Barack Obama on July 21, 2010.  The ACT was a response to the financial crisis of 2007–2008, and brought the most significant changes to financial regulation in the United States since the regulatory reform that followed the Great Depression.

It was designed to promote the financial stability of the US by improving accountability and transparency in the financial system, to end “too big to fail”, to protect the American taxpayer by ending bailouts, and to protect consumers from abusive financial services practices.

The Act changed the existing regulatory structure, and created a streamline to the regulatory process. Agencies that were previously not required to do so, were compelled to report to Congress on an annual (or biannual) basis and present results of current plans and explain future goals

Some of the important new agencies created included the Financial Stability Oversight Council, the Office of Financial Research, and the Bureau of Consumer Financial Protection.

As a practical matter, prior to the passage of Dodd–Frank, investment advisers were not required to register with the SEC if the investment adviser had fewer than 15 clients during the previous 12 months and did not hold itself out generally to the public as an investment adviser. The act eliminated that exemption, thereby rendering numerous additional investment advisers, hedge funds, and private equity firms subject to new registration requirements.

Certain non-bank financial institutions and their subsidiaries were supervised by the Fed in the same manner and to the same extent as if they were a bank holding company.

To the extent that the Act affected all federal financial regulatory agencies, eliminating one (the Office of Thrift Supervision) and creating two (Financial Stability Oversight Council and the Office of Financial Research) in addition to several consumer protection agencies, including the Bureau of Consumer Financial Protection, this legislation in many ways represented a change in the way America’s financial markets would operate in the future. Few provisions of the Act became effective when the bill was signed.

Major reform to the Dodd-Frank Act is underway in Washington today.  We’ll keep you posted!

Auto File

We partner with the nation’s most robust data companies for our automotive leads lists. The databases hold over 150 million records of car, truck & SUV owners throughout the United States, many with phone numbers.

Great for targeting vehicle owners that need service work, warranties, or need to upgrade to newer vehicles. Our lists are accurate and have a large select group to chose from such as Make, Model & Year to name only a few.

Below are some common uses of our Auto File :CAR-RED SPORTS WITH MONEY FLYING - Bankruptcy Leads BEBdata

  • Service Center Promotions
  • Car Dealership Promotions
  • Magazines
  • Gasoline Credit Cars
  • Insurance Offers
  • Auto Accessories

Buy your next auto file from BEBdata. We specialize in bankruptcy data, bankruptcy leads, and more. We are data experts and can help you to identify, communicate and engage your prospects to become customers. Call us today.

Marketing Data

Data is king and choosing the right marketing lists is essential to the success of your marketing strategy and results. Our Bankruptcy file provides robust and comprehensive data including the most current data available combined with rich history as our records date back to 2002.

Unlike many competitors, we compile our database, which is over 20 million records today and contains a wide array of information such as filing dates, dismissals, discharges, Chapter 7 and Chapter 13. All of our data is standardized, CASS Certified, DPV coded and an NCOA (National Change of Address) is run as data is gathered prior to submission to our master database. We gather the data directly from local courthouses nationwide and guarantee that you are receiving the most up to date and accurate data available.

Our count system is lightning fast, easy to use and available 24 hours a day. We have an assortment of count selects available such as geography, status or previous order suppression. Our output menu includes case number, chapter, discharge or dismissal, filing date or status.

If you don’t already have an account, sign up for one now by clicking here. If you need assistance, our expert client service and sales representatives are only one phone call away.

Lenders Tighten Subprime Standards

Deterioration of loan performance has moved lenders to tighten standards. Based on Federal Reserve Senior Loan Officer survey data, we’ve seen the following changes since 2016:

  • 4 quarters of lenders reporting tighter loan standards
  • 5 quarters of increasing spreads on loan rates
  • 4 of 5quarters with increases in minimum required down payments
  • 5 quarters of higher minimum required FICO scores
  • 6 quarters of tightening policies on customers who do not meet credit score thresholds

S&P/Experian reported that the auto loan default rate fell to 0.82 percent in June 2017, the lowest level in the data series, which dates back to 2004.

From The Hill

Buying a Car with Bad Credit 4

We’re reviewing the four things that you need to provide to a dealer in order to get a car loan if you have bad credit.

4.  References – This typically should be a minimum of six people, with full names, addresses and phone numbers. They can be co-workers or friends, but some lenders prefer you to use relatives. The one rule is that they cannot live at the same address as you, and each must have a different address.

From Auto Credit Express

Buying a Car with Bad Credit 3

We’re reviewing the four things that you need to provide to a dealer in order to get a car loan if you have bad credit.

3.  Working phone – This must be a landline or contract cell phone from a national carrier, in your name. Prepaid cell phones can’t be used. As lenders sometimes say “No phone, no loan!” This is so they can reach you if something happens, such as missing a payment.

from Auto Credit Express