True Accord
AUGUST 11, 2022
In order to address this gap, lenders are in a unique position to help provide customers with educational content that not only improves customers’ financial literacy but helps with their own retention and acquisition strategies by building and maintaining customer trust and loyalty. Debt levels are on the rise again: according to the?
Collection Industry News
JULY 6, 2021
Bureau-supervised nonbanks include mortgage companies, private student lenders, and payday lenders, as well as nonbanks the Bureau defines through rulemaking as “larger participants” of other consumer financial markets as defined by Bureau rules. Student loan servicers misled consumers about Public Service Loan Forgiveness.
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Troutman Sanders
MAY 5, 2022
Summarized below are those issues identified in the areas of auto servicing, consumer reporting, credit card account management, debt collection, deposits, mortgage origination, prepaid accounts, remittances, and student loan servicing. Student Loan Servicing. Auto Servicing. The CFPB alleges deceptive advertising.
Collection Industry News
MAY 9, 2022
Summarized below are those issues identified in the areas of auto servicing, consumer reporting, credit card account management, debt collection, deposits, mortgage origination, prepaid accounts, remittances, and student loan servicing. Student Loan Servicing. Auto Servicing. The CFPB alleges deceptive advertising.
Better Credit Blog
SEPTEMBER 8, 2020
Originally founded in 2001, they collect debt on behalf of federal student loan servicers, county and municipal courts, the IRS, and more. In the letter, you will ask them to verify the name, balance, date of debt acquisition, and other pieces of information. Dealing with Pioneer Credit Recovery.
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
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.
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