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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On February 28, the New York Department of Financial Services (NYDFS) announced that Gemini Trust Company, LLC has committed to return at least $1.1 Areas the legislation covers include: In-Person Contact for Debt Collection: The 2021 Act prohibits debt collectors from visiting consumers’ homes to collect debts, but D.C.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Financial Services industry over the past week: Federal Activities State Activities Federal Activities: On November 9, while at the New York Bankers Association’s Financial Services Forum, Federal Reserve Governor (..)

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How to Remove CMRE Financial Services From Your Credit Report

Better Credit Blog

If you have an unpaid medical bill, you may begin to hear from a debt collector known as CMRE Financial Services. CMRE Financial Services is a collection agency that collects medical debts on behalf of hospitals and other healthcare businesses. What is CMRE Financial Services? Know Your Rights.

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Hindsight is 2020: Seven Financial Services Trends We Took Away from Last Year

Fico Collections

To preface this post, my work focuses on digital financial services. That said, I do think it’s worth looking back on 2020 and identifying some important trends in financial services and thinking through how we might address them differently if we had a do-over. After all, hindsight is 2020. .

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

The sum total in December of all net foreign acquisitions of long-term securities, short-term U.S. State Activities: On March 1, private and federal student loan servicers practicing in Virginia can begin applying for licenses through the Nationwide Mortgage Licensing System. Don’t provide personal information to anyone contacting you.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

On July 9, President Joe Biden issued an executive order, requiring federal regulators to increase scrutiny of mergers and acquisition within the banking industry. Despite easing up on COVID-19 monitoring, New York City noted that it has more tools, such as “in home testing of people identified as close contacts of people who test positive.”

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

On May 27, the Consumer Financial Protection Bureau (CFPB) published a report that provides new insights into manufactured housing financing. The report said that low acquisition costs often come coupled with higher interest rates and limited opportunities to refinance. For more information, click here.