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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

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 information, click here. s Municipal Regulations.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On November 9, the Department of Education (DOE) announced its plan to implement an oversight strategy of federal student loan servicers that provides several pathways for identifying problems that can harm borrowers, in real-time. For more information, click here. For more information, click here. For more information, click here.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On June 8, the CFPB acted against a medical debt collector for numerous debt collection and credit reporting violations. In at least thousands of cases, the debt collector continued to attempt to collect on a debt that was not substantiated after a consumer disputed the validity of the debt.

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Consumer Protection and Safety and Soundness Perspective of Credit Union Regulation

Troutman Sanders

Please join Consumer Financial Services Partner Chris Willis and his guests and colleagues James Stevens and Carlin McCrory as they discuss the consumer protection and safety and soundness sides of credit union regulation.

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Successors by Merger May Not be Debt Collectors

Consumer Financial Services Law

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.

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Out With the Old, In With the Old? Dave Uejio as Acting CFPB Director Until Rohit Chopra is Confirmed and Sworn In

Troutman Sanders

Uejio currently serves as the chief strategy officer, and he previously served as the acting deputy chief of staff and lead for talent acquisition. The CFPB has been tasked with making sure that financial rules are followed and safeguarding consumers, as well as regulating the reverse mortgage industry at the national level.

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How to Remove Radius Global Solutions LLC From Your Credit Report

Better Credit Blog

You may hear from them if you have debt in health care, retail, financial services, education, or utilities. Are you trying to apply for a car loan or a mortgage? A debt collector is more likely to do you a favor if you ask nicely rather than if you demand a deletion. Let them know.