Acquisition Collection Agencies Government Lender 
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
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.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
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 wants to see revised policies and procedures governing holds controls to monitor for and detect instances of duplicate holds.
Better Credit Blog
AUGUST 31, 2020
In order to collect payments on your debt, Covington Credit must first open up a collections account on your credit report. A collections account can remain on your credit report for up to seven years and can impact your credit even after you pay the debt. What is Covington Credit?
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 wants to see revised policies and procedures governing holds controls to monitor for and detect instances of duplicate holds.
Fico Collections
FEBRUARY 16, 2021
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? The UK’s Financial Conduct Authority (FCA) has handed out a £26m fine following poor treatment of more than 1.5 million struggling borrowers.
Troutman Sanders
JUNE 14, 2023
The bill exempts certain accounts that originate in the Department of Revenue from the general requirement to assign liquidated and delinquent accounts to a private collection agency within one year of the most recent payment on the account. On June 7, Oregon Governor Tina Kotek signed SB 981 into law. For more information, click here.
Expert insights. Personalized for you.
52 
Let's personalize your content