Katabat

NOVEMBER 5, 2021

This means that our industry can do a lot of good by working with consumers to help reduce their debt, and by offering robust omnichannel communications to allow consumers to communicate with debt collectors using their preferred method of communication (as some find it intimidating to talk over the phone about debt issues.)

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Unsecured Debt Banks Credit Card Debt Government 52

Troutman Sanders

JANUARY 22, 2021

All these events culminated in the Clinic hiring a debt collector to pursue Brakle for her balance due for the August 24 imaging. Subsequently, Brakle claimed that she made multiple partial payments totaling $288.00

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Troutman Sanders

FEBRUARY 2, 2021

In March 2020, the CFPB rescheduled many of the supervisory examinations, replacing them with prioritized assessments — higher-level inquiries than the traditional examinations. On January 21, the Federal Reserve Board approved reappointment of 12 Federal Reserve Bank presidents and 11 first vice presidents.

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Financial services Foreclosure Banks Debt collector 40

Collection Industry News

MAY 11, 2021

Miller, a Kenmore debt collector, is under investigation by federal Homeland Security Investigations agents for alleged wire fraud in connection with unlawful debt collecting. Agents seized $90,385 from Miller in 2020 while executing a raid at a Kenmore home he owns. Provided by Mark M. Suit: Drugs for workers.

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ABI

JANUARY 12, 2022

The Fair Debt Collection Practices Act (FDCPA) generally prohibits debt collectors from misrepresenting their identity or using unfair practices to collect debts. [1] NPAS), a debt collector, was hired by Stonecrest to collect the outstanding balance from Ward. [5] 2020 WL 4287178, at *4 (M.D.Tenn.,

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Debt collector Judgment Debtor Fair Debt Collection 40

Troutman Sanders

DECEMBER 19, 2023

The consent order alleges that CoinList processed 989 transactions on behalf of users located in Crimea between April 2020 and May 2022, in violation of OFAC’s Russia/Ukraine sanctions. On December 11, the OCC published its 2023 Annual Report. For more information, click here. of mortgages were current and performing.

Financial services 52

Financial services Banks Debt collector Government 52

Troutman Sanders

JUNE 15, 2021

State Activities: On June 11, Connecticut Attorney General William Tong and D.C. On June 8, California Attorney General Rob Bonta warned “financial institutions, creditors and debt collectors that it is illegal to seize federal Child Tax Credit payments for individual debts in California.”

Financial services 52

Financial services Financial Institution Foreclosure Government 52

Troutman Sanders

MARCH 14, 2023

According to Liang, “114 countries … are exploring a CBDC … [and] 11 countries have fully launched CBDCs ….” The state’s legislature amended the law in 2020 to imbue the AG with rulemaking authority. Accordingly, debt buyers will be required to obtain licenses from the board to conduct collections or act as a debt collector.

Financial services 52

Financial services Student loans Student Loans Loans 52

Troutman Sanders

MARCH 6, 2023

According to Liang, “114 countries … are exploring a CBDC … [and] 11 countries have fully launched CBDCs ….” The state’s legislature amended the law in 2020 to imbue the AG with rulemaking authority. Accordingly, debt buyers will be required to obtain licenses from the board to conduct collections or act as a debt collector.

Financial services 52

Financial services Student loans Student Loans Loans 52

Troutman Sanders

MAY 31, 2023

The FTC and the State of Florida sued the telemarketing company and its owners in July 2020, alleging that they charged consumers as much as $3,995 for their debt relief services, making claims that they were affiliated with major credit card companies and could save consumers thousands of dollars by securing reduced interest rates.

Financial services 52

Financial services Financial Institution Banks Trade 52

Troutman Sanders

AUGUST 17, 2020

Federal Activities: On August 12, 2020, the Consumer Financial Protection Bureau published Frequently Asked Questions (FAQs) and answers pertaining to compliance with the Payday Lending Rule. On August 11, 2020, the Federal Reserve Board announced revised pricing for its Municipal Liquidity Facility (MLF).

Financial services 52

Financial services Student loans Student Loans Debt collector 52

ABI

JANUARY 21, 2020

7] However, in June 2018, the Debtor filed for bankruptcy relief under Chapter 13 of Title 11 of the United States Code (the “Bankruptcy Code”) and scheduled the City as a creditor for $50,947.00. [8] 11] See In re Matamoros , No. 11] See In re Matamoros , No. from the City and $153,581.10 from the military. [6] 2] See id. [3]

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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. On January 11, the FTC issued a blog post to help consumers take advantage of the U.S.

Financial services 52

Financial services Student loans Student Loans Debt collector 52

Troutman Sanders

JUNE 28, 2021

On June 22, the Federal Reserve Board announced that it will extend the comment period for its proposed changes to Regulation II (Debit Card Interchange Fees and Routing) until August 11. Attorney General Schmitt filed suit in March 2020 for marketing “silver solution” as a potential cure for the coronavirus.

Financial services 52

Financial services Financial Institution Collection Agencies Collections Agency 52