True Accord

JULY 13, 2023

With tumult in the banking industry in Q2 and inflation and economic stressors persisting, the financial outlook for American consumers remains uncertain. The amendments lay out a more prescriptive recipe for the safeguards financial institutions must have in place around collecting, storing and transmitting consumer information.

Financial Institution 65

Financial Institution Student loans Student Loans Loans 65

National Service Bureau

JUNE 23, 2015

These trends are relevant to debt collectors and collection agencies as well , so we’ll explore the relevant pieces in this blog post. Household debt’ is an umbrella term that encompasses many types of financial obligations - credit cards, auto loans, mortgages and more. For comparison, there was $0.86 Auto loans: $0.95

Student loans 40

Student loans Student Loans Credit Card Debt Collection Agencies 40

True Accord

FEBRUARY 3, 2022

There are a lot of considerations for these digital financial providers when building their business models, but one important and often-overlooked strategy is recovery for delinquent accounts. These can be separated into two main categories, portfolio metrics and operational metrics. . What is a roll rate in debt collections?

Lender 52

Lender Collections Collection Companies Loans 52

Troutman Sanders

DECEMBER 19, 2023

For example, the whitepaper discusses how the quality of a stablecoin issuer’s reserve asset composition, and its ability to meet redemption requests, will determine whether a particular stablecoin meets the conditions to be included in the Group 1b category and be subjected to existing bank capital requirements. correspondent bank account.

Financial services 52

Financial services Banks Debt collector Government 52

Troutman Sanders

SEPTEMBER 25, 2023

On September 20, the Senate Banking, Housing, and Urban Affairs Committee held a hearing on artificial intelligence (AI) in financial services. In his opening statement, Chair Sherrod Brown (D-OH) alleged that AI could cause significant changes in our financial system. For more information, click here. For more information, click here.

Financial services 52

Financial services Loans Banks Debt collector 52

Troutman Sanders

MAY 3, 2021

Federal Activities: On May 3, the Consumer Financial Protection Bureau’s (CFPB) interim final rule goes into effect. The rule requires debt collectors seeking to evict tenants for nonpayment of rent to provide written notice to tenants of their rights under the Centers for Disease Control and Prevention (CDC) order.

Financial services 52

Financial services Foreclosure Collection Agencies Collections Agency 52

Troutman Sanders

MAY 2, 2023

Speaking at the Consensus 2023 conference, Senator Lummis stated that the next installment of her bill — the Responsible Financial Innovation Act — will be presented to the Senate within eight weeks. The bill additionally leaves room for assets that don’t fit neatly into either category. For more information, click here.

Financial services 52

Financial services Trade Consumer Credit Government 52