Fico Collections

APRIL 19, 2023

It was 18 percent higher in 2018. It was 66 percent higher in February 2018. In comparison, the average Established cards balances at risk was 47 percent higher than all vintages in 2018. Home Blog FICO UK Credit Cards: Are "Established" Accounts in Trouble? It was 53 percent higher five years ago.

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Consumer Financial Services Law

JANUARY 9, 2019

Riddle, the consumer alleged that the prior and current servicers of her mortgage violated the Mortgage Servicing Rules by failing to evaluate her loss mitigation application as required by 12 C.F.R. Riddle contended that the original lender, Bank of America, was vicariously liable for its servicer’s violation.

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Consumer Financial Services Law

MARCH 5, 2018

3299, commonly known as the “ Madden fix” bill, by a vote of 245-171 on February 14, 2018. Under the National Bank Act, 12 U.S.C. § 3299 would add the following language to 12 U.S.C. § Zachary Dunn is an attorney practicing in Smith Debnam's Consumer Financial Services Litigation and Compliance Group. 2505 (2016).

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Consumer Financial Services Law

FEBRUARY 1, 2018

Wells Fargo, 2018 U.S. Obduskey at *11-12 (internal citations omitted). With the Tenth Circuit’s decision the circuits remain split with the Ninth Circuit and now the Tenth Circuit holding that non-judicial foreclosures are not debt collection activity and the Fourth, Fifth and Sixth Circuits holding that they are. In Obduskey v.

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Consumer Financial Services Law

APRIL 23, 2021

ACCT moved to dismiss all four claims, as well as the claim against the officers personally, for failure to state a claim pursuant to Rule 12(b)(6). 17-2207, 2018 U.S. May 18, 2018)). Landon Van Winkle is an attorney in the firm's Consumer Financial Services Litigation and Compliance group.

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Consumer Financial Services Law

FEBRUARY 27, 2018

Allied Interstate, LLC, 2018 U.S. 12, 2018), the debt collector sent a letter that read “[The creditor] is willing to accept payment in the amount of $128.99 The Court’s holding should be viewed in context: that the debtor plausibly stated a claim under Rule 12 – nothing more. In Tatis v. LEXIS 3238 (3 rd Cir.

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Troutman Sanders

AUGUST 14, 2023

On August 9, the Commissioner of Data Protection of the Dubai International Financial Centre (DIFC), the leading global financial center in the Middle East, Africa, and South Asia (MEASA) region, issued a first of its kind adequacy decision regarding the California Consumer Privacy Act of 2018 (CCPA), a standalone data protection law.

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Jimerson Firm

MAY 12, 2021

Provisions regarding potential or confirmed “successors in interest” were added to the 2016 Mortgage Servicing Rule to deal with transfers of property secured by a mortgage, including transfers as a result of the borrower’s death. These provisions became effective on April 19, 2018.

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Consumer Financial Services Law

MARCH 26, 2018

Circuit’s review focused on four aspects of the FCC Ruling, this post will limit itself to an examination of the three aspects most relevant to the consumer financial services industry. Circuit has issued its long-awaited decision on the FCC’s 2015 TCPA Declaratory Ruling. ACA International v. Federal Communications Commission, No.

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Troutman Sanders

JANUARY 25, 2021

The rule codifies the statement (with amendments) that the CFPB and other federal financial regulatory agencies issued in September 2018, which clarified the differences between regulations and supervisory guidance. On January 19, the CFPB issued a final rule regarding the use of supervisory guidance for its supervised institutions.

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Troutman Sanders

JUNE 28, 2021

On June 25, the California Department of Financial Protection and Innovation issued a notice of rulemaking, seeking to incorporate changes to its debt collection license application. Interested parties have until July 12 to submit their comments on the proposal. For more information, click here. For more information, click here.

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Troutman Sanders

JUNE 27, 2022

On June 22, the CFPB took “the first step toward addressing credit card company penalty policies costing consumers $12 billion each year, starting by looking at excessive late fees.” On June 8, the New York State Department of Financial Services (NYDFS) issued new guidance on issuing U.S. For more information, click here.

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