Member Login | Become a Member
Innovative Payments Association
  • Events & News
    • Calendar
    • Newsroom
    • Fall Semester
    • Member Directory
    • Blog
    • Podcast
    • Summer Of Learning
    • Fintech Elevator
  • Membership
    • Member List
    • Membership Application
    • Member Login
  • Resources
    • FCTF
    • GRWG
    • Government Update
    • Safe Shopping
    • State Legislative Tracker
    • Financial Crimes Investigators
    • Prepaid Glossary
  • Payroll Cards
  • About Us
    • Our Team
    • Board of Directors
    • Advocacy >
      • CFPB
      • Covid-19 Response
      • Durbin Amendment
      • FDIC & OCC
      • Prepaid Rule Litigation
      • Unclaimed Property
    • Sponsorship
    • Contact
    • Media Inquiry
  • IPC 2021
    • Attendee Portal
    • Agenda
    • IPA Awards
    • FAQ
    • Payments 101 Certificate Workshops
    • Sponsorship Opportunities
  • Events & News
    • Calendar
    • Newsroom
    • Fall Semester
    • Member Directory
    • Blog
    • Podcast
    • Summer Of Learning
    • Fintech Elevator
  • Membership
    • Member List
    • Membership Application
    • Member Login
  • Resources
    • FCTF
    • GRWG
    • Government Update
    • Safe Shopping
    • State Legislative Tracker
    • Financial Crimes Investigators
    • Prepaid Glossary
  • Payroll Cards
  • About Us
    • Our Team
    • Board of Directors
    • Advocacy >
      • CFPB
      • Covid-19 Response
      • Durbin Amendment
      • FDIC & OCC
      • Prepaid Rule Litigation
      • Unclaimed Property
    • Sponsorship
    • Contact
    • Media Inquiry
  • IPC 2021
    • Attendee Portal
    • Agenda
    • IPA Awards
    • FAQ
    • Payments 101 Certificate Workshops
    • Sponsorship Opportunities

Helping Borrowers Facing Hard Times Is Good Business

6/9/2020

0 Comments

 
The economic effects of the COVID19 pandemic are far reaching and will last longer than the pandemic itself. These affects are rippling through financial institutions’ portfolios as borrowers feel pressure from lost wages and the economic slowdown. 

Despite moratoriums on evictions and foreclosures, it is not clear that these will last long enough to let the economy recover enough to prevent a wave of defaults.

But companies don’t need to stand by as problems ripple through their client bases and portfolios. As the IPA noted in an earlier blog, companies do not need to wait for government action to alter their policies to help their customers. Resources exist to help companies find aid for borrowers who need to regain a solid financial footing.  

In the latest episode of the IPA Payments Pod, we talk with Rochelle Gorey, the co-founder and CEO of SpringFour, a fintech that helps lenders find assistance for borrowers in financial trouble. We talk about how Springfour provides resources for call centers and online customer services and the business case for connecting customers to vetted nonprofits and government agencies that can provide aid. 

To learn more about Spring Four, visit: https://springfour.com/

Whether it is using outside resources like SpringFour or making internal policy changes and resource decisions, companies should take control of their own destinies and look for ways to help their customers and clients weather the storms that everyone is facing right now. 
0 Comments



Leave a Reply.

    Author

    Write something about yourself. No need to be fancy, just an overview.

    Archives

    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018

    Categories

    All
    Member Profiles
    Podcast
    Power Of Prepaid
    Prepaid
    Small Business
    Webinar

    RSS Feed

Home

IPA Quick Links
​About

Blog​
​Events
Podcast
IPC 2021
Call for Speakers
​Sponsorship
FAQs

Certificate Workshop
Contact Us
© COPYRIGHT 2020. ALL RIGHTS RESERVED.