Fraser

NOVEMBER 23, 2022

The Federal Trade Commission recently extended the deadline , from December 9, 2022, to June 9, 2023, for compliance with the most stringent requirements of its latest rulemaking, revisions to the Safeguards Rule under the Gramm Leach Bliley Act (“the GLBA”). You can reach him at 517.377.0848 or at bburgee@fraserlawfirm.com.

Credit Counselor 80

Credit Counselor Acquisition Lender Trade 80

Fico Collections

DECEMBER 8, 2022

Building portfolio risk resilience into Collections & Recovery. Properly managed and strategized, the debt collections process can be an effective customer service asset and anti-attrition tool, in addition to being its classic role in portfolio risk management. Addressing Portfolio Risk in Economic Uncertainty: Part 4 (2022).

Trade 52

Trade Lender Acquisition Collections 52

Troutman Sanders

MARCH 4, 2024

On February 29, the Consumer Financial Protection Bureau (CFPB) issued a circular to law enforcement agencies and regulators explaining how companies operating comparison-shopping tools can break the law when they steer consumers to certain products or lenders because of kickbacks. For more information, click here. s Municipal Regulations.

Financial services 52

Financial services Law Firms Acquisition Debt collector 52

True Accord

AUGUST 11, 2022

August 14 is National Financial Awareness Day , making it an appropriate time to shine a spotlight on initiatives that can help improve consumer financial awareness in the collections space. As reported by the Milken Institute , only about 57% of the American population is considered financially literate.

Acquisition 61

Acquisition Debt Recovery Education Student loans 61

Troutman Sanders

JUNE 14, 2023

On June 8, the Commodities Futures Trading Commission (CFTC) obtained a default judgment against a decentralized autonomous organization (DAO) Ooki Dao in the U.S. On June 8, the CFPB acted against a medical debt collector for numerous debt collection and credit reporting violations. For more information, click here. According to U.S.

Financial services 52

Financial services Financial Institution Student loans Student Loans 52

Collection Industry News

OCTOBER 21, 2022

The six largest lenders in the United States (JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley) made a combined $29.42 The lender set aside $370 million to cover the uncertainties affecting the economy, while net interest income grew 6% to $18.5 billion to $1.2

Banks 40

Banks Lender Loans Acquisition 40

Troutman Sanders

FEBRUARY 22, 2021

On February 18, the Department of Veterans Affairs announced that it will extend its moratorium on all benefit and medical copay debt collections through at least September 30, 2021. 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