Troutman Sanders

OCTOBER 19, 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. On October 26, the Nevada’s Financial Institutions Division is holding a workshop on regulations pertaining to medical debt collections and S.B.

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Collection Industry News

MARCH 30, 2025

To manage these rising consumer debt levels, debt collection agencies pursue unpaid debts from credit cards, personal loans, and medical bills on behalf of creditors, so as to recover funds that would otherwise remain unpaid. increase compared to the fourth quarter of 2023.

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Troutman Sanders

JUNE 21, 2023

On June 19, while delivering remarks at an annual International Monetary Fund (IMF) Policy Roundtable hosted in Rabat, Morocco, Managing Director Kristalina Georgieva revealed that the IMF is “working on the concept of a global [central bank digital currency (CBDC)] platform.” For more information, click here.

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Collection Industry News

OCTOBER 6, 2020

Finding themselves with enough money to settle old debts, people responded to collectors’ calls and letters. Debt-buying executives couldn’t help marveling at their good fortune. The company is currently not seeking new orders to seize debtors’ wages or bank account funds, she said. It is, however, seizing wages.

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