Consumer Financial Services Law

MAY 10, 2017

A recent decision from a Louisiana district court should provide some comfort to banks and other financial institutions who acquire other entities by merger – at least in the Fifth Circuit, they are not debt collectors. As most know, Bank of America (BoA) acquired Countrywide Bank FSB and its mortgage portfolio in 2008.

Debt collector 40

Debt collector Acquisition Financial Institution Foreclosure 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.

Trade 134

Trade Retail Acquisition Financial Institution 134

Fico Collections

JULY 15, 2022

In addition to traditional credit data, the UltraFICO Score reviews open banking or consumer permission data, such as how the consumer handles their finances which can be revealed by their checking and savings accounts. are part of this program, where FICO Scores used by financial institutions are shared with consumers for free.

Lender 52

Lender Education Acquisition Financial Institution 52

Troutman Sanders

FEBRUARY 22, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. The sum total in December of all net foreign acquisitions of long-term securities, short-term U.S. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Financial Institution 52