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. You may access this interactive tool at [link]. State Activities. Privacy and Cybersecurity Activities. For more information, click here.

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Financial services Student loans Student Loans Debt collector 52

Troutman Sanders

AUGUST 30, 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. This guide serves as a resource for community banks when performing due diligence on prospective relationships with fintech companies.

Financial services 52

Financial services Student loans Student Loans Foreclosure 52

Troutman Sanders

APRIL 26, 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. No floor amendments occurred, and the bill now will be referred to the Senate Banking Committee. For more information, click here.

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Financial services Debt collector Banks Loans 52

Troutman Sanders

AUGUST 1, 2023

Dream First Bank, National Association, has agreed to assume all the deposits of Heartland and almost all of Heartland’s failed bank assets. Dream First Bank, National Association, has agreed to assume all the deposits of Heartland and almost all of Heartland’s failed bank assets. For more information, click here.

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Financial services Financial Institution Debt collector Trade 52

Troutman Sanders

SEPTEMBER 27, 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. You may access this interactive tool at [link]. For more information, click here. On September 21, U.S. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Foreclosure 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. On October 11, the CFPB published its analysis regarding the nonsufficient fund (NSF) fee practices of a number of banks and credit unions.

Financial services 52

Financial services Student loans Student Loans Credit Unions 52

Troutman Sanders

OCTOBER 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. Department of Education announced the establishment of an Office of Enforcement within Federal Student Aid (FSA). State Activities.

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Financial services Loans Lender Foreclosure 52

Troutman Sanders

MARCH 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. You may access this interactive tool at [link]. For more information, click here. On March 18, the U.S. For more information, click here.

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Financial services Garnishment Student loans Student Loans 52

Collection Industry News

JULY 6, 2021

Under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the CFPB has the authority to supervise large banks, thrifts, credit unions with assets over $10 billion, and certain nonbanks for compliance with Federal consumer financial law. Examiners found foreclosure issues. important; padding-bottom:1em!important;

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Student loans Student Loans Foreclosure Loans 40

Sawin & Shea

APRIL 26, 2023

If the creditor has your date of birth and social security number, they may be able to garnish your bank account and apply that money toward your debt balance. Chapter 13 Chapter 13 bankruptcy offers you protection from creditors and helps stop foreclosures and other creditor collection efforts.

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Better Credit Blog

NOVEMBER 24, 2020

Whether you bank with Chase or not, you could benefit from Chase’s Vantage Score 3.0 Chase Credit Journey is an online credit monitoring service that is free to both Chase cardholders and those who don’t have an account with the bank. You don’t even have to have a Chase bank account or credit card to get started. New account.

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Lender Education Bankruptcy Banks 52

Fico Collections

JULY 15, 2022

For many, it creates an opportunity to improve their life circumstances; to get an education, to buy a car to get to work, or to own a home. Through that program, and many other ways for the consumers to access their FICO® Score, we offer reason codes and educational material to provide insight to the consumer on their score.

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Better Credit Blog

FEBRUARY 15, 2021

If you miss a payment, your landlord, cable provider, lender, or bank will contact you repeatedly to seek repayment. While you’re researching, take the time to educate yourself on the Fair Debt Collection Practices Act , a law made to protect you from shady and threatening collection attempts. Foreclosures. Ask Lex Law for Help.

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Better Credit Blog

DECEMBER 6, 2021

“Some grant programs can be used in combination with agency programs, as well as some banks in-house programs.” “Not having money in the bank cues potential lenders that you’re at a higher risk of foreclosure and gives them an excuse to charge you a higher interest rate,” says Mazzara.

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Titan Consulting

SEPTEMBER 29, 2020

Banks offer both fixed and variable rate mortgages, with rates running between 3 and 4% in today’s economic environment. Falling behind schedule on your mortgage payments could result in you losing your home to foreclosure. It could take over 30 years to get rid of the debt, paying only the minimum payment each month.

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Better Credit Blog

FEBRUARY 12, 2021

If you have outstanding debt in any of the following industries, you could be contacted by EPR: Banking. Foreclosures. While you may not be familiar with the agency, they collect for popular lenders and providers across several markets. Commercial. Government. The company’s address is below: 12100 N.E. Identity theft. Bankruptcies.

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Better Credit Blog

NOVEMBER 23, 2020

collects on a wide range of debts from several industries, including: Education. Bank cards. If you’re dealing with more than just debt collectors, these companies can help get you on track, whether you’re recovering from bankruptcy, foreclosure, a judgment, or repossession. The agency also has a location in Boise, Idaho.

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Better Credit Blog

MAY 11, 2022

This affiliation also means you can get in-person support at bank locations, making the provider one of the best private student loan refinance options. In the event of a natural disaster, the company lets you apply for forbearance, meaning it will temporarily postpone your loan payments instead of forcing you into foreclosure or default.

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Student loans Student Loans Loans Lender 71

Collection Industry News

FEBRUARY 15, 2021

Consumer risks included delays in processing suspensions of administrative wage garnishments, potential FDCPA compliance risks associated with new bank attachments or wage garnishments, and delays in payment processing. insufficient loss mitigation processes.

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Better Credit Blog

AUGUST 9, 2021

LightStream is the online lending division of Truist Bank, and it offers personal loans of up to $100,000 for a variety of needs, including debt consolidation, as well as loans for home improvement costs. Offers educational tools to help improve your credit situation. Best to avoid that, if possible. Best Debt Consolidation Loans.

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Better Credit Blog

AUGUST 9, 2021

LightStream is the online lending division of Truist Bank, and it offers personal loans of up to $100,000 for a variety of needs, including debt consolidation, as well as loans for home improvement costs. Offers educational tools to help improve your credit situation. Best to avoid that, if possible. Best Debt Consolidation Loans.

Debt Consolidation 52

Debt Consolidation Loans Lender Personal loans 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. securities, and banking flows resulted in a net outflow of $0.6 You may access this interactive tool at [link].

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Financial services Student loans Student Loans Foreclosure 52

Troutman Sanders

APRIL 11, 2022

Department of Education announced an extension of its pause on student loan repayment, interest, and collections through August 31, 2022. On April 6, California Attorney General Rob Bonta, as part of a multistate coalition of 17 attorneys general, urged the nation’s largest banks to eliminate overdraft fees. On April 6, the U.S.

Financial services 52

Financial services Student loans Student Loans Banks 52

Troutman Sanders

SEPTEMBER 14, 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 paper captures insights gathered from extensive outreach with community banks, fintechs, and other stakeholders.

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Financial services Student loans Student Loans Foreclosure 52

Credit Corp

JANUARY 10, 2021

Some landlords may also check your public bank and legal records and even dig into your social media profiles to uncover anything they’d consider unacceptable. It’s beyond (a standard credit report) in most cases, particularly in the case of a large rental company,” says Rod Griffin, director of public education for Experian.

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Education Bankruptcy Repossession Foreclosure 96

Troutman Sanders

JULY 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. Senate Republicans on the Senate Banking Committee sent a letter to Rohit Chopra, President Joe Biden’s CFPB director nominee.

Financial services 52

Financial services Foreclosure Debt collector Banks 52

Troutman Sanders

OCTOBER 9, 2023

The FTC alleged that the defendants pretended to be affiliated with the Department of Education, charged illegal junk fees, and offered students loan forgiveness promises that were not fulfilled. banking system. The administration is also pursuing alternative paths to provide debt relief under the Higher Education Act.

Financial services 52

Financial services Student loans Student Loans Third-party Debt Collectors 52

Troutman Sanders

MARCH 8, 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 March 1, Connecticut’s Department of Banking extended the temporary remote work memorandum through June 30.

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Financial services Retail Foreclosure Financial Institution 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

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

JULY 20, 2020

On July 17, 2020, the Federal Reserve Board modified the Main Street Lending Program to provide greater access to credit for nonprofit organizations such as educational institutions, hospitals, and social service organizations. The SBA has prohibited banks from favoring a PPP loan application from a director or equity holder.

Financial services 52

Financial services Loans Banks Foreclosure 52

Troutman Sanders

AUGUST 9, 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. You may access this interactive tool at [link]. Privacy and Cybersecurity Activities. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Foreclosure 52

Troutman Sanders

FEBRUARY 8, 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 summary also outlines the FTC’s business and consumer education efforts on fair lending issues. For more information, click here.

Financial services 52

Financial services Foreclosure Student loans Student Loans 52

Troutman Sanders

AUGUST 14, 2023

On August 8, the Office of the Comptroller of the Currency (OCC) issued a bulletin to provide banks with guidance regarding the applicability of the legal lending limit to purchased loans. Whether a loan purchased by a bank is attributable to the seller under the legal lending limit regulation depends on specific facts and circumstances.

Financial services 52

Financial services Foreclosure Banks Loans 52

Troutman Sanders

MAY 16, 2022

Federal Activities: On May 12 and May 10, the House Financial Services and Senate Banking Committees, respectively, held hearings with Financial Stability Oversight Council (FSOC) Chairwoman Secretary Yellen to discuss FSOC’s annual report to Congress. State Activities. Privacy and Cybersecurity Activities. For more information, click here.

Financial services 52

Financial services Foreclosure Lender Judgment 52

Troutman Sanders

JANUARY 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. Department of Education to continue excusing borrowers from making payments on their student loans in light of the COVID-19 pandemic.

Financial services 52

Financial services Garnishment Foreclosure Government 52

Troutman Sanders

JULY 26, 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. You may access this interactive tool at [link]. The guidance resulted from concerns that debt collectors would seize the funds.

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Financial services Student loans Student Loans Garnishment 52