Acquisition Financial services Lender Student Loans 
Troutman Sanders
FEBRUARY 22, 2021
The letter states that “[b]road cancellation of Federal student loan debt will provide immediate relief to millions who are struggling during this pandemic and recession, and give a much-needed boost to families and our economy. The sum total in December of all net foreign acquisitions of long-term securities, short-term U.S.
Troutman Sanders
JULY 12, 2021
This brings total loan cancellation based on borrower defense by the Biden administration to over $1.5 On July 9, President Joe Biden issued an executive order, requiring federal regulators to increase scrutiny of mergers and acquisition within the banking industry. billion for nearly 92,000 borrowers. For more information, click here.
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Troutman Sanders
JUNE 14, 2023
On June 7, the CFPB released a blog discussing the fact that the pause on federal student loan interest, payments, and collections is now scheduled to end 60 days after June 30, which means borrowers will have to start making payments soon. For more information, click here. For more information, click here. The bill also amends C.R.S.
True Accord
AUGUST 11, 2022
As reported by the Milken Institute , only about 57% of the American population is considered financially literate. New York Federal Reserve , between the national student loan debt topping $1.6 Overall, lower levels of financial literacy end up contributing to increased rates of bankruptcy, defaults, and foreclosures.
Troutman Sanders
JUNE 1, 2021
Department of Education, announced that the department will reverse a policy put in place during the Trump administration that blocked state and federal regulators from accessing records needed to investigate student loan lenders, servicers, and private collection agencies. For more information, click here.
Troutman Sanders
MAY 5, 2022
The Supervisory Highlights detail issues identified by CFPB examination teams across a wide number of segments of the consumer financial services industry. Auto Servicing. The CFPB reports that this seems to happen most often with creditors’ acquisitions of pre-existing credit card accounts from other creditors.
Collection Industry News
MAY 9, 2022
The Supervisory Highlights detail issues identified by CFPB examination teams across a wide number of segments of the consumer financial services industry. Auto Servicing. The CFPB reports that this seems to happen most often with creditors’ acquisitions of pre-existing credit card accounts from other creditors.
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