Acquisition Collection Agencies Financial Institution Lender 
Troutman Sanders
MAY 5, 2022
The CFPB reports that this seems to happen most often with creditors’ acquisitions of pre-existing credit card accounts from other creditors. The CFPB alleges some financial institutions do not perform robust enough investigations of errors. Too many holds on mobile check deposits.
Collection Industry News
MAY 9, 2022
The CFPB reports that this seems to happen most often with creditors’ acquisitions of pre-existing credit card accounts from other creditors. The CFPB alleges some financial institutions do not perform robust enough investigations of errors. Too many holds on mobile check deposits.
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Better Credit Blog
AUGUST 31, 2020
ConServe is a debt collection agency that may contact you regarding unpaid debts. Collections accounts stay on your credit report for as long as seven years, which means that any lender or creditor can make decisions based on the fact that you have had debt in collections. Ask Sky Blue for Help.
Troutman Sanders
SEPTEMBER 21, 2020
Federal Activities: On September 18, 2020, the Federal Reserve Board updated its frequently asked questions (FAQs) to clarify the Board’s and Department of Treasury’s expectations for lenders underwriting the Main Street Lending Program. The sum in July of all net foreign acquisitions of long-term securities, short-term U.S.
Better Credit Blog
SEPTEMBER 18, 2020
Collection accounts are a black mark on your credit report. Future lenders can see them and make loan decisions based on the fact that you failed to pay a debt. The only way to reduce the impact of a collection account is to remove them altogether. This can mean trouble for your credit score. What is CACH LLC?
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. As we pass the first anniversary of the pandemic’s outbreak, where does this leave lenders?
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.
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