Troutman Sanders

AUGUST 22, 2022

On August 16, the CFPB director issued a statement on the announcement regarding the cancellation of loans for ITT Tech students. For more information, click here. For more information, click, here. For more information, click here. On August 15, the U.S. For more information, click here.

Financial services 52

Financial services Financial Institution Trade Banks 52

Consumer Finance Watch

JULY 22, 2020

2d DCA 2016) to resolve a conflict with a case decided by the Fourth District Court of Appeal ( Maslak v. 4th DCA 2016). Before the loan was originated, HFC was purchased by HSBC Holdings (“HSBC”) and became a wholly-owned subsidiary of HSBC. 90.902(11)”). Household Finance Corporation, III, 236 So. 3d 1170 (Fla.

Foreclosure 40

Foreclosure Loans Judgment Lender 40

Consumer Financial Services Law

OCTOBER 25, 2016

Ocwen Loan Servicing, the court considered whether the mortgage servicer had an obligation to evaluate a loss mitigation application when, at the time the completed application was submitted, a foreclosure sale was scheduled to occur in two days. Ocwen Loan Servicing, 2016 U.S. LEXIS 18264 (11 th Cir.

Foreclosure 40

Foreclosure Loans 40

Consumer Financial Services Law

JANUARY 31, 2020

2019) that creditors who refuse to relinquish an item that was seized pre-petition are not subject to sanctions because their refusal does not violate 11 U.S.C. § Joy Denby-Peterson purchased a 2008 Corvette in July 2016, and several months later the vehicle was repossessed when Denby Peterson failed to make all of the required loan payments.

Collateral 40

Collateral Repossession Bankruptcy Chapter 13 bankruptcy 40

The Creditors Rights

JUNE 7, 2016

It owed a loan to BCL-Bridge Funding, LLC secured by real property comprising a resort on Lake Michigan. After the borrower’s default and lender’s commencement of foreclosure proceedings, the borrower’s members—with the exception of the Special Member—voted to cause the borrower to file a chapter 11 petition. 899 (Bankr.

Lender 40

Lender Bankruptcy Foreclosure Government 40

Troutman Sanders

OCTOBER 15, 2021

A Florida lawyer engaged by family members to handle the sale of a car dealership in upstate New York received payment instructions by email from a lender’s lawyer directing that the wire of funds for a loan payoff be sent to a bank account at M&T in New York. LEXIS 35604 at *11-12. [5] 3:15cv051, 2016 U.S. 24, 2016). [6]

Lawyers 52

Lawyers Banks Financial Institution Education 52

FDCPA Defense

JANUARY 22, 2017

Countrywide Home Loans, Inc., 2016) (granting summary judgment for plaintiff in FDCPA class action where defendant’s letter failed to specifically identify the name of the current creditor); Avila v. 3d_, 2016 WL 4651403 (7th Cir. 3d_, 2016 WL 4651403 (7th Cir. 2016 WL 154090 (E.D.N.Y 23(b)(3); see also Vinole v.

Collections 40

Collections Judgment Creditors Law Firms 40

FDCPA Defense

FEBRUARY 1, 2018

2016) and Carlin v. 2016), amended (May 22. 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 Litton Loan Servicing, LP , 2011 WL 635258, at *4 (N.D.

Accrued Interest 40

Accrued Interest Foreclosure Debt collector Debtor 40

Troutman Sanders

DECEMBER 19, 2023

On December 12, the Basel Committee on Banking Supervision published a consultative document to propose targeted adjustments to its 2016 standard on interest rate risk in the banking book (IRRBB). 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

FDCPA Defense

AUGUST 22, 2016

3d _, 2016 WL 4174747 (9th Cir. There, the collection law firm defendant communicated with plaintiff on a number of occasions, and each time the firm identified itself as a “debt collector,” as required by section 1692e(11) of the FDCPA. [iii] A striking example of this trend is the Ninth Circuit’s decision in Davis v.

Debtor 40

Debtor Debt collector Law Firms Accrued Interest 40

Troutman Sanders

APRIL 18, 2023

Court of Appeals for the Fourth Circuit held that the Military Lending Act (MLA) does not govern loans borrowed in part to finance the purchase of a car, even when the loan covers additional related costs. For more information, click here. On April 12, U.S. For more information, click here. For more information, click here.

Financial services 52

Financial services Financial Institution Loans Bankruptcy 52