Troutman Sanders

MARCH 28, 2023

On March 20, the CFPB announced that approximately 4,394 HMDA filers can now obtain their 2022 Home Mortgage Disclosure Act (HMDA) Modified Loan Application Register (LAR) data on the Federal Financial Institutions Examination Council’s HMDA Platform. For more information, click here.

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Financial services Student loans Student Loans Financial Institution 52

Burr Forman

JANUARY 29, 2021

29, 2006), the plaintiff had made multiple late payments on her car loan before paying the loan off entirely. Using Metro 2, the defendant reported that the loan had a zero balance, the Account Status code was set to 13, and the Payment Rating code was a 3 reflecting that the account had been ninety days past due. In Moulton v.

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Judgment Loans Credit Card Debt Banks 52

Debt Free Colorado

NOVEMBER 2, 2016

According to Experian : Chapter 7 bankruptcy will remain on your credit report for 10 years from the filing date. My clients frequently report that within days of their bankruptcy being filed their mailboxes are filled with offers for vehicle financing, credit cards, and other loans. Get a credit-builder loan. Absolutely.

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Bankruptcy Chapter 13 bankruptcy Chapter 7 bankruptcy Lawyers 40

Credit Corp

JANUARY 28, 2021

They embarked on new initiatives, including the acquisition of Spring Mobile in 2013. During the 2008 financial crisis downturn, banks were giving loans to anyone to make more and more money while selling mortgages to poor credit individuals. The company had bet on making money by buying smartphone stores.

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Burr Forman

JULY 15, 2021

According to the OIG press release, from 2013 to 2016 the pharmacy billed insurers for millions of dollars in medically unnecessary prescription drugs. The sentencings, which in one case involved 170 months in prison, came after an investigation into a prescription drug billing scheme involving a pharmacy in Haleyville, Alabama.

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Government Manufacturing Education Loans 52

ABI

JANUARY 20, 2020

1] On June 18, 2013, Parkland II, LLC (“Parkland and/or the “Debtor”) filed a voluntary petition under Chapter 11 of the Bankruptcy Code in response to four judgements received by Bridgeview Bank Group (“Bridgeview”) against Parkland and two of its principals. [2] 10] Parkland failed to respond to these requests. [11] 3] See id. [4]

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National Service Bureau

APRIL 15, 2015

Payday loan collections was the second worst category with 879 complaints. An unusually high 31% of all payday loan collection complaints related to improper communication tactics. The CFPB started publishing statistics on 10 July, 2013. The CFPB recorded 5,567 complaints in 2014 based on improper communication tactics.

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Collection Agencies Collections Agency Collections Credit Card Collections 40

Jimerson Firm

JANUARY 16, 2023

2013) (finding a plaintiff can recover damages for emotional distress under the FCCPA); Barker v. 6:010-CV-226-ORL-31, 2011 WL 1560647, at *10 (M.D. 6:10-CV-226-ORL-31, 2011 WL 1557853 (M.D. Dish Network L.L.C. , 2d 1288, 1299 (M.D. Tomlinson , No. 8:05-CV-1390-T-27EAJ, 2006 WL 1679645, at *3 (M.D. Credit Solutions Corp. ,

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Garnishment Foreclosure Banks Consumer Collections 52

FDCPA Defense

FEBRUARY 1, 2018

1992) (emphasis added, citation and quotation marks omitted) (personal loan from friend used to start software business not a “debt” under the Act: “The [FDCPA] characterizes debts in terms of end uses. [n]either n]either the lender’s motives nor the fashion in which the loan is memorialized are dispositive of the inquiry”).

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Accrued Interest Foreclosure Debt collector Debtor 40

Better Credit Blog

APRIL 4, 2022

In fact, a 2013 FTC Study found that “Five Percent of Consumers Had Errors on Their Credit Reports That Could Result in Less Favorable Terms for Loans”, so making sure that your debt is validated is a good step to take. Not everything that you see on your credit report is guaranteed to be correct.

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Debt collector Fair Debt Collection Collection Agencies Collections Agency 116

Troutman Sanders

JANUARY 17, 2024

On January 10, the Securities and Exchange Commission (SEC) approved each pending spot-Bitcoin exchange traded fund (ETF) application on an accelerated basis. On January 5, the Biden administration announced that it is withholding payments to three student loan servicers as part of the U.S. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Trade 52

Collection Industry News

SEPTEMBER 23, 2020

The increase in lawsuits filed against consumers for unpaid medical debt, credit card bills, automobile loans and other collection issues comes as no surprise to attorneys and others working in the industry. The dollar value of claims filed annually by debt buyers increased from $6 billion in 1993 to $98 billion in 2013. .

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