Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter
Troutman Sanders
JULY 7, 2021
The licensed entities include vehicle finance companies, traditional installment lenders, and mortgage lenders. The law does not impact most third-party collection agencies, but it does impact some creditors and debt buyers. Under the newly enacted law, consumers now can protect $500 per week of their wages, up from $290 a week.
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