payment Banks Foreclosure Garnishment Loans 
Burr Forman
DECEMBER 4, 2020
Financial institutions, servicers, lenders, and debt collectors must stay up-to-date on evolving federal and state laws stemming from the COVID-19 pandemic, as such laws impact all facets of consumer loan servicing and debt collection. In March of 2020, Burr published an article discussing the global pandemic’s impact on collection practices.
Debt Free Colorado
APRIL 9, 2020
So far the offers have been vague, the most likely concessions will be for your lenders on your home and cars to allow you to move a monthly payment to the end of the loan and for credit cards to temporarily reduce your interest rate. Car Payments. Car payments should be another high priority item. Triage your finances.
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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.
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.
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. As of March 17, approximately 90 million Economic Impact Payments had been disbursed, which is more than $242 billion.
Troutman Sanders
NOVEMBER 7, 2023
monthly from their bank account until the advance was paid off. On November 1, the OCC issued a bulletin to inform banks about policy guidance that applies to commercial loans to early, expansion, and late-stage companies. Such monthly charges “created significant additional hardship” for consumers. On November 1, the U.S.
Collection Industry News
FEBRUARY 15, 2021
In the area of debt collection, the CFPB observed, among other things, that some entities reported increases in consumer contacts and payments, which may have been attributable to more consumers being at home, reduced spending, and pandemic-related assistance. insufficient loss mitigation processes.
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