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. Debt Collection. The CFPB believes that debt collectors misrepresent consumers’ responsibilities in cases of identity theft. Too many holds on mobile check deposits.

Financial Institution 52

Financial Institution Repossession Debt collector Lender 52

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. Debt Collection. The CFPB believes that debt collectors misrepresent consumers’ responsibilities in cases of identity theft. Too many holds on mobile check deposits.

Financial Institution 40

Financial Institution Repossession Debt collector Student loans 40

Troutman Sanders

AUGUST 11, 2022

Associate Carlin McCrory is a regulatory, compliance, and payments attorney with experience representing financial institutions, fintechs, lenders, debt collectors, payment processors, neobanks, virtual currency companies, and mortgage servicers.

Credit Unions 52

Credit Unions Credit Unions Acquisition Financial services 52

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

Better Credit Blog

AUGUST 31, 2020

If you have started hearing from a company called Convergent Outsourcing, it means that you are being pursued for a debt. Besides being annoying and aggressive, debt collectors like Convergent Outsourcing can have a major impact on your credit score. This legislation is called the Fair Debt Collection Practices Act.

Debt collector 52

Debt collector Fair Debt Collection Original Creditor Collections 52

Better Credit Blog

SEPTEMBER 18, 2020

They can remain on your report for up to seven years even if you pay the debt. Future lenders can see them and make loan decisions based on the fact that you failed to pay a debt. CACH LLC is a medium-sized debt collection agency that is headquartered in Greenville, SC. This can mean trouble for your credit score.

Debt collector 52

Debt collector Collections Fair Debt Collection Acquisition 52

Better Credit Blog

AUGUST 31, 2020

ConServe is a debt collection agency that may contact you regarding unpaid debts. They are a third-party debt collector, which means that they may be hired by your original creditor, or they may purchase your old debt on the chance that you pay them instead. You may be curious if ConServe is a legitimate company.

Third-party Debt Collectors 52

Third-party Debt Collectors Debt collector Creditors Original Creditor 52