Troutman Sanders

MAY 9, 2022

Federal Activities: On May 6, the Federal Trade Commission joined the Consumer Financial Protection Bureau (CFPB) in filing an amicus brief with the U.S. State Activities. Privacy and Cybersecurity Activities. Court of Appeals for the Second Circuit. For more information, click here. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Government 52

Troutman Sanders

NOVEMBER 13, 2023

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.

Financial services 52

Financial services Manufacturing Debt Management Debtor 52

Troutman Sanders

FEBRUARY 22, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. Borrowers deserve and desperately need relief from their Federal student loan burden, and they need that relief immediately.”

Financial services 52

Financial services Student loans Student Loans Financial Institution 52

Credit Corp

JUNE 30, 2021

The trust’s debt investments primarily consist of senior term loans, senior subordinated loans, and junior subordinated loans. Gladstone’s portfolio has an appraised value above $1 billion, and the stock trades with a market capitalization of nearly $500 million. Image Source: Investing.com. per share. dividend yield.

Retail 94

Retail Loans Trade Acquisition 94

Collection Industry News

OCTOBER 21, 2022

Year-on-year profits for the third quarter dropped across all the main financial groups on Wall Street due to slower investment banking activity and more provisioning of safety funds to cover potential loan losses, despite the fact that rising interest rates also pushed up their revenue. If the big six released $4.5 billion to $1.2

Banks 40

Banks Lender Loans Acquisition 40

Credit Corp

JULY 16, 2021

During the pandemic, the REIT rightly halted acquisitions and development projects, and reduced expenses, as it focuses on improving its financial position and liquidity. Management believes, post-pandemic, investments in acquisitions, re-development, and development projects can drive returns of at least 10%. Enbridge Inc.

Acquisition 98

Acquisition Banks Trade Manufacturing 98

Troutman Sanders

JUNE 1, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. The report said that low acquisition costs often come coupled with higher interest rates and limited opportunities to refinance.

Financial services 52

Financial services Government Foreclosure Loans 52

Collection Industry News

JUNE 14, 2021

Here are snapshots of some other cases against debt collectors in Western New York that the State Attorney General’s Office, Federal Trade Commission and other law enforcement agencies have pursued in the past decade: Douglas MacKinnon. He was ordered to pay $151,893 to the FTC and state attorney general.

Debt collector 40

Debt collector Judgment Acquisition Collections 40

Troutman Sanders

SEPTEMBER 21, 2020

The exercise evaluates the resilience of large banks by estimating their loan losses and capital levels under hypothetical recession scenarios over nine quarters into the future. The sum in July of all net foreign acquisitions of long-term securities, short-term U.S. For more information, click here. On September 16, 2020, the U.S.

Financial services 52

Financial services Banks Government Acquisition 52

Credit Corp

JUNE 12, 2021

Financial peace isn’t the acquisition of stuff. Money is something we choose to trade our life energy for.” – Vicki Robin. For instance, do you have credit card loans that attract massive interest? If you have debts attracting high interest, most of your earning will go into offsetting the loans.

Education 96

Education Credit Card Debt Acquisition Loans 96

Fico Collections

FEBRUARY 16, 2021

But more tellingly, the penalty related to the mistreatment of business and personal customers who fell behind on credit card and loan payments between 2014 and 2018 – well before many of us had even heard of COVID-19. It marks the highest fine ever issued to a lender for what it deemed a breach of consumer credit rules.

Lender 52

Lender Collections Loans Acquisition 52

Fico Collections

NOVEMBER 8, 2022

In the UK, trade bodies have called for fraud levels to be considered a national security threat. On loan applications, for example, the belief is strongest among 39% of South Africans, 31% of Brits and 27% of Germans. As a result, the last couple of years have seen fraud levels soar, erupting in some countries into a fraud epidemic.

Banks 52

Banks Financial services Acquisition Financial Institution 52