Acquisition Collection Agencies Consumer Credit Financial Institution 
Troutman Sanders
JUNE 14, 2023
The proposed guidanceadvises on policies that financial institutions may implement to allow consumers to provide financial institutions with information that may not have been considered during an appraisal or if deficiencies are identified in the original appraisal. For more information, click here.
Fico Collections
FEBRUARY 16, 2021
The UK’s Financial Conduct Authority (FCA) has handed out a £26m fine following poor treatment of more than 1.5 It marks the highest fine ever issued to a lender for what it deemed a breach of consumer credit rules. million struggling borrowers. Forbearance Best Practice and Upholding Customer Engagement Standards.
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