True Accord

MARCH 31, 2022

The four key trends we’re studying are: resumed foreclosure activity, extensive medical bills, the end of child tax credits and historically high inflation. Add these all together and the financial outlook for consumers, especially those in debt, is scary. But there are silver linings, as well. million U.S.

Lender 58

Lender Personal loans Foreclosure Loans 58

Collection Industry News

JULY 6, 2021

In June 2020, the CFPB proposed amendments to Regulation Z to address the anticipated expiration of the London Inter-Bank Offered Rate (LIBOR)—a commonly-used index for calculating the interest rate on variable-rate consumer credit products. The Bureau expects to issue a final rule in January 2022.

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Foreclosure Financial Institution Consumer Credit Collections 40

Troutman Sanders

OCTOBER 4, 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. In reviewing the market for potential consumer harm, the report presents the latest research on consumer card use, cost, and availability.

Financial services 52

Financial services Financial Institution Foreclosure Student loans 52

Troutman Sanders

MAY 2, 2023

Senate Committee on Banking held a full committee hearing, titled “Oversight of the Credit Reporting Agencies.” Chairman Sherrod Brown (D-OH) described consumer credit reports as “riddled with errors.” Brown argued that medical debt “correlates with illness,” not with credit risk. For more information, click here.

Financial services 52

Financial services Trade Consumer Credit Government 52

Troutman Sanders

OCTOBER 16, 2023

On October 11, the Consumer Financial Protection Bureau (CFPB) issued an advisory opinion concerning consumers’ requests for information regarding their accounts with large banks and credit unions. For more information, click here. For more information, click here. For more information, click here. On October 10, D.C.

Financial services 52

Financial services Student loans Student Loans Credit Unions 52

Troutman Sanders

NOVEMBER 24, 2020

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. Community banking organizations must follow different rules and requirements based on their risk profile and asset size.

Financial services 52

Financial services Foreclosure Banks Loans 52

Troutman Sanders

AUGUST 31, 2020

On August 27, 2020, the Federal Housing Finance Agency announces it would extend the eviction moratoriums on single-family foreclosures and real estate owned (REO) properties from August 31, 2020 to December 31, 2020. The moratorium only applies to Enterprise-backed, single-family mortgages. For more information, click here.

Financial services 52

Financial services Foreclosure Student loans Student Loans 52

Better Credit Blog

DECEMBER 2, 2020

Banana Republic SYNCB stands for Banana Republic Synchrony Bank. When you apply for a Banana Republic credit card or get added as an authorized user on someone else’s account, it could lead to a hard inquiry. This type of entry can lower your score, particularly if you have several hard credit checks on your report. Foreclosure.

Lender 52

Lender Repossession Loans Foreclosure 52

Better Credit Blog

DECEMBER 2, 2020

Banana Republic SYNCB stands for Banana Republic Synchrony Bank. When you apply for a Banana Republic credit card or get added as an authorized user on someone else’s account, it could lead to a hard inquiry. This type of entry can lower your score, particularly if you have several hard credit checks on your report. Foreclosure.

Lender 52

Lender Repossession Loans Foreclosure 52

Troutman Sanders

MARCH 15, 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 FTC reminds consumers that the government will never ask them to pay anything upfront in any form to obtain stimulus money.

Financial services 52

Financial services Financial Institution Foreclosure Government 52

Troutman Sanders

JANUARY 11, 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. Scammers take advantage of the coming federal pandemic relief payments to get personal or bank information to steal money.

Financial services 52

Financial services Foreclosure Collection Agencies Collections Agency 52

Better Credit Blog

JANUARY 5, 2021

Do you have questions about an entry from CBNA Sioux Falls on your credit report? While CBNA Sioux Falls might be an unfamiliar name, it represents Citibank, a national provider of banking services and credit cards. If the name is on your credit report, it’s most likely because you applied for a credit card from the bank.

Loans 52

Loans Banks Repossession Lender 52

Better Credit Blog

JANUARY 5, 2021

Do you have questions about an entry from CBNA Sioux Falls on your credit report? While CBNA Sioux Falls might be an unfamiliar name, it represents Citibank, a national provider of banking services and credit cards. If the name is on your credit report, it’s most likely because you applied for a credit card from the bank.

Loans 52

Loans Banks Repossession Lender 52

Better Credit Blog

JANUARY 29, 2021

Macys DSNB On My Credit Report. Macys DSNB is the reporting code that represents the Macy’s credit card issued by Department Store National Bank. According to their credit card policy , the bank may obtain the following info when you apply for a card: SSN. Credit history. Hire a Credit Repair Company.

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Repossession Banks Loans Creditors 52

Better Credit Blog

DECEMBER 18, 2020

CBCInnovis probably isn’t a name you recognized on your credit report. While you may have applied for a loan from a popular lender or bank, their name isn’t necessarily the one that will appear on your credit report. To give you a better idea of what credit repair companies do, they’ve helped people recover from: Bankruptcy.

Lender 52

Lender Loans Financial Institution Foreclosure 52

Troutman Sanders

MARCH 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 eviction moratorium law is part of New York state’s COVID-19 Emergency Eviction and Foreclosure Prevention Act of 2020.

Financial services 52

Financial services Foreclosure Financial Institution Government 52

Better Credit Blog

JANUARY 29, 2021

A hard inquiry can be prompted by an application for a credit card or loan, or in some cases a rental application. If you applied for a Citibank credit card, the bank might have accessed one or more of your credit reports, meaning each of your reports could feature a hard inquiry. Foreclosure. Charge-offs.

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Repossession Loans Financial Institution Foreclosure 52

Better Credit Blog

DECEMBER 18, 2020

Cb/Vicscrt is short for Comenity Bank/Victoria’s Secret. The entry is most likely on your report as a hard inquiry, which happens when you apply for a retail credit card. If you never applied for a credit card from Victoria’s Secret, you should be able to get the inquiry deleted from your report. Cb/Vicscrt On My Credit Report.

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Retail Lender Loans Repossession 52

Better Credit Blog

DECEMBER 31, 2020

Citi is a popular bank that provides credit cards for a wide range of retail stores like The Home Depot. With The Home Depot, in particular, Citi offers four credit options: Consumer Credit Card. When you apply for any one of these cards, loans, or credit accounts, you authorize Citibank to run a hard credit check.

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Retail Lender Loans Repossession 52

Fico Collections

JULY 15, 2022

In addition to traditional credit data, the UltraFICO Score reviews open banking or consumer permission data, such as how the consumer handles their finances which can be revealed by their checking and savings accounts.

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Lender Education Acquisition Financial Institution 52