Credit Corp

MARCH 20, 2023

Your credit score is one of the most important numbers you have. It can determine interest rates on your loans or you even qualify for it. If your current FICO score is lower than you want, a credit repair company may be able to help. But is credit repair worth it, and can it really help repair your credit?

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Sawin & Shea

AUGUST 24, 2020

There are countless scams and “credit repair” cons trying to take advantage of your situation when you need help the most. Credit counseling and debt management agencies may be able to assist you as you work, but with so many untrustworthy schemes out there, how do you know what the right step should be?

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Credit Corp

NOVEMBER 18, 2020

The NCVC calls the latter “identity fraud,” which encompasses crimes like credit card fraud, medical fraud, and Social Security number theft. Whether an ID thief uses your credit card or medical insurance, the cost to you can be big. Whether an ID thief uses your credit card or medical insurance, the cost to you can be big.

Student loans 112

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Troutman Sanders

JANUARY 23, 2024

billion in additional student loan debt relief for 73,600 borrowers. These discharges are the result of fixes to income-driven repayment (IDR) forgiveness and public service loan forgiveness (PSLF) made by the administration. For more information, click here. For more information, click here. billion for 43,900 borrowers through PSLF.

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Credit Corp

FEBRUARY 28, 2021

At the same time, missed rent payments and increased debt-to-credit ratios have produced a credit-ratings crunch across the board. COVID-19 loans for bad credit are on the rise—but do they deliver, or do they make things even worse? Find out why, and what you can do to protect your credit score, in this article.

Loans 98

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Credit Corp

MAY 23, 2021

Unauthorized credit card charges, bogus loan applications, missing money, and other financial violations make fraud a major nightmare. To keep fraud in check, you need to know how to check your credit report for identity theft, and how to deal with problems when they arise. How Do I Check My Credit for Identity Theft?

Bankruptcy 98

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Troutman Sanders

FEBRUARY 21, 2024

On February 16, the CFPB reported on the first set of results from the newly updated Terms of Credit Card Plans survey. On February 16, the CFPB reported on the first set of results from the newly updated Terms of Credit Card Plans survey. For more information, click here. For more information, click here.

Financial services 52

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Jimerson Firm

AUGUST 9, 2023

However, with this newfound wealth comes an unwanted spotlight, as lottery winnings are often a target of lawsuits, creditors, scams, and sometimes even friends and family seeking financial assistance or investment opportunities. Strategy #2: Place Assets in Trusts Trusts are powerful tools for both asset protection and estate planning.

Creditors 52

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Troutman Sanders

JULY 20, 2020

On July 17, 2020, the Federal Reserve Board modified the Main Street Lending Program to provide greater access to credit for nonprofit organizations such as educational institutions, hospitals, and social service organizations. State Activities. Privacy and Cybersecurity Activities. For more information, click here.

Financial services 52

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Troutman Sanders

OCTOBER 18, 2022

The Act takes direct aim at, among other things, the Military Lending Act’s (MLA) exceptions for loans obtained to purchase motor vehicles and other forms of personal property. Whether auto loan lenders may finance GAP waivers, GPS tracking systems, or other products that consumer advocates argue are credit-related is an open question.

Loans 52

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Troutman Sanders

JANUARY 30, 2024

On January 23, Fannie Mae and Freddie Mac announced the launch of their Single-Family Social Bond Framework, along with updates to disclosures for the companies’ single-family mortgage-backed securities (MBS), aimed to further support access to credit and affordable housing as part of their mission and goals.

Financial services 52

Financial services Financial Institution Banks Credit Unions 52

Better Credit Blog

APRIL 6, 2022

If you’re ready to tackle improving your credit, a credit repair service can help save you time, energy, and a whole lot of hassle. Credit repair companies challenge items on your credit report that are inaccurate, incomplete, or unverifiable. That’s why we recommend going with a credit repair service.

Debt settlement 105

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Troutman Sanders

JANUARY 4, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. Troutman Pepper has developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge.

Financial services 52

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Troutman Sanders

MARCH 11, 2024

The blog post posited that closing costs significantly impact a borrower’s financial commitment and, potentially, monthly payments and identified a “noticeable increase” in closing costs, with median total loan expenses on home purchase loans increasing by 21.8% between 2021 and 2022. For more information, click here.

Financial services 52

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Troutman Sanders

FEBRUARY 8, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. Troutman Pepper has developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge.

Financial services 52

Financial services Foreclosure Student loans Student Loans 52

Fico Collections

DECEMBER 14, 2021

Whether they are seen as challenges or opportunities, they are worth watching to avoid another disruptive year. More Vaccine-Related Scams. Related scams have also been on the rise. We believe this is one of the many scams that will consistently hit the headlines in 2022. Investment in Scam-Fighting AI.

Banks 52

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Better Credit Blog

APRIL 11, 2022

AnnualCreditReport.com is there to provide you with a free credit report once every twelve months during regular times, but due to the COVID-19 pandemic, the site is offering free weekly credit reports to anyone who signs up. Personal Finance isn’t exactly the most exhilarating of topics. What is AnnualCreditReport.com?

Government 66

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Credit Corp

OCTOBER 11, 2021

or better target you for various scams, including phishing emails. 7 Things You Should Avoid Posting Online. Access to this information could allow identity thieves to open new lines of credit in your name or find ways to access your existing accounts. A common example might be when you’re applying for an online loan.

Trade 98

Trade Banks Loans 98

Troutman Sanders

FEBRUARY 21, 2023

On February 14, the Consumer Financial Protection Bureau (CFPB) released a report, examining trends in credit reporting of debt in collections from 2018 to 2022. The report found the total number of collections tradelines on credit reports declined by 33% — from 261 million tradelines in 2018 to 175 million tradelines in 2022.

Financial services 52

Financial services Student loans Student Loans Banks 52

Troutman Sanders

JULY 11, 2023

Department of the Treasury (Treasury) launched an inquiry into specialty financial products, such as medical credit cards and installment loans, that consumers can use to pay for medical care. The CFPB further alleged that the defendants made guarantees about lowering consumers’ credit card interest rates.

Financial services 40

Financial services Student loans Student Loans Credit Card Debt 40

Troutman Sanders

SEPTEMBER 14, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. Troutman Pepper has developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge.

Financial services 52

Financial services Student loans Student Loans Foreclosure 52

Troutman Sanders

APRIL 26, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. Troutman Pepper has developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge.

Financial services 52

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Troutman Sanders

JANUARY 20, 2022

On January 13, the CFPB released a bulletin, reminding debt collectors and credit bureaus of their legal obligations in light of the No Surprises Act, which protects consumers from certain unexpected medical bills. State Activities. Privacy and Cybersecurity Activities. For more information, click here. On January 13, a group of U.S.

Financial services 52

Financial services Student loans Student Loans Debt collector 52

Better Credit Blog

APRIL 1, 2022

A good credit score allows you to get better rates on car or mortgage loans just to name a few. If you fall into hard times, the inability to pay off your credit card bills or student loans can result in your debts being transferred to a debt collection agency. Ways to Remove Transworld from Your Credit Report.

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Collection Agencies Collections Agency Garnishment Fair Debt Collection 77

CICM

MAY 6, 2021

The availability of government grants and backing for bank loans has seen an exponential rise in fraud. With the Corporate Insolvency and Governance Act 2020 (“CIGA”) restrictions in place, a creditor is not currently able to petition for a company’s winding up. Menzies LLP , CICM corporate partner, provide an overview in their latest blog.

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Creditors Government Banks Loans 40

Credit Corp

DECEMBER 3, 2020

It can occur through a mix of digital and physical methods, which include—but aren’t limited to—the following: Mail theft Card skimming Email phishing Scams, whether over the phone, on the internet, or in person Bogus verification sites, like those that offer change of address services but aren’t the USPS Outright theft or burglary.

Retrieval 116

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Credit Corp

JANUARY 10, 2021

You’ve found the perfect place to rent, and now the property manager tells you all you need to do is fill out an application, so she can run a credit check—gulp. Whether you’ve got great credit, bad credit, or no credit, credit checks probably make you a little uneasy. Can a landlord really check your credit?

Education 96

Education Bankruptcy Repossession Foreclosure 96

Troutman Sanders

APRIL 5, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. One of the rescinded policy statements concerns the Fair Credit Reporting Act (FCRA) and Regulation V. State Activities.

Financial services 52

Financial services Financial Institution Foreclosure Garnishment 52

Troutman Sanders

OCTOBER 26, 2020

On October 23, lawmakers in the House of Representatives introduced a bill to exclude Paycheck Protection Program (PPP) loans from regulators’ calculations of the asset size of smaller banks. The legislation would benefit banks and credit unions with assets under $15 billion. State Activities. For more information, click here.

Financial services 52

Financial services Financial Institution Foreclosure Banks 52

Troutman Sanders

MARCH 4, 2024

Consumers use comparison-shopping tools to evaluate the costs, features, and terms of many financial products, including credit cards, loans, and bank accounts. For information, click here. The circular explains how these practices may violate federal law and highlights examples of illegal arrangements. For information, click here.

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Troutman Sanders

AUGUST 24, 2020

Secretary of Education Betsy DeVos implemented President Donald Trump’s memorandum extending relief on federally held student loans to borrowers through the end of the year. The Coronavirus Aid, Relief, and Economic Security (CARES) Act passed earlier this year suspends payments on federally held student loans until September 30, 2020.

Financial services 52

Financial services Student loans Student Loans Education 52

Albuquerque Law

APRIL 30, 2020

Individuals can often negotiate lower payments with mortgage lenders, credit card companies and even student loan servicers. Even though many employers offer a severance package to help individuals after a layoff, debt can quickly start piling up when families lose a source of income. So, how can individuals manage debt?

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Student loans Student Loans Bankruptcy Creditors 40

Better Credit Blog

APRIL 1, 2022

Whether you’ve seen this name on your phone, in a letter, or on your credit report, you might be wondering how to proceed. The longer you avoid a debt collection agency like Credence, the more damage the agency can do to your credit score. Steps To Remove Credence Resource Management From Your Credit Report. Credence RM.

Third-party Debt Collectors 73

Third-party Debt Collectors Collection Agencies Collections Agency Fair Debt Collection 73

Troutman Sanders

DECEMBER 19, 2023

Under this order, the company will cease operations and pay a $95,000 penalty to the CFPB’s victims relief fund. For more information, click here. On December 15, the Securities and Exchange Commission (SEC) denied Coinbase’s Petition for Rulemaking, which was submitted to the SEC on July 20, 2022, as “currently unwarranted.”

Financial services 52

Financial services Banks Debt collector Government 52

Troutman Sanders

OCTOBER 30, 2023

The FTC’s Safeguards Rule requires nonbanking financial institutions, such as mortgage brokers, motor vehicle dealers, and payday lenders, to develop, implement, and maintain a comprehensive security program to keep their customers’ information safe. For more information, click here. On October 26, Senator Cynthia M. On October 26, the U.S.

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Collection Industry News

NOVEMBER 16, 2021

Department of Veterans Affairs (VA)-guaranteed loans continue to see the lowest level of risk. Lenders and mortgage loan originators (MLOs) who suspect mortgage fraud are to file a suspicious activity report (SAR) with the U.S. Here in California, it was up 39% from a year earlier. Mortgage fraud: don’t be complicit.

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Better Credit Blog

MAY 3, 2022

A credit monitoring service should make tracking your credit score a seamless part of your life — much like checking your email or ordering delivery for dinner. Each credit monitoring service charges different fees (or no fees) and provides a unique combination of services. 9 Best Credit Monitoring Services.

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