Nexa Collect

MARCH 12, 2021

The CFPB has the authority to stretch its long arm as far as the most remote corner of the United States and its territories in order to supervise and audit local banks, credit unions, payday lenders, debt collection agencies, and more. 10, § 981p). Puerto Rico is one of the states that regulate the collection of fees and interest.

Collection Agencies 130

Collection Agencies Collections Agency Collections Garnishment 130

Troutman Sanders

APRIL 13, 2021

The consent order states Yorba and Portilla allegedly harassed consumers from January 2017 until April 2020 by threatening legal action. The consent order includes an $860,000 suspended judgment for consumer redress, which is currently suspended due to their inability to pay.

Collections 52

Collections Judgment Fair Debt Collection Garnishment 52

Troutman Sanders

FEBRUARY 27, 2023

On February 25, during an interview with Reuters at the G20 Finance Ministers and Central Bank Governors Meeting in Bengaluru, India, U.S. Overall, the report found that credit risks for syndicated loans — large loans originated by multiple banks — were moderate at the end of the review period. For more information, click here.

Financial services 52

Financial services Banks Loans Retail 52

Troutman Sanders

MARCH 4, 2024

Consumers use comparison-shopping tools to evaluate the costs, features, and terms of many financial products, including credit cards, loans, and bank accounts. The agency is mailing notices to 1,137 businesses who were customers of First American between June 2017 and April 2020, and later cancelled their services.

Financial services 52

Financial services Law Firms Acquisition Debt collector 52

Troutman Sanders

JANUARY 20, 2022

1, 2021), [link] ; See e.g., Final Judgment, Commonwealth v. 14, 2022 10:17 AM). 2017-CH-00761 (Cook Cty. 18, 2017); Complaint ¶¶ 9.1-9.5., 18, 2017); Complaint ¶¶ 9.1-9.5., 18, 2017). [4] 5] Final Judgment at (IV)(8)(h), Commonwealth v. DMB Financial, LLC. , 1884CV01472-BLS1 (Aug. 5, 2021), [link].

Student loans 52

Student loans Student Loans Loans Lender 52

Consumer Financial Services Law

MARCH 1, 2018

2017) regarding revival warnings in collections letters on time-barred debt. The ruling resulted in summary judgment as to liability for a certified class of plaintiffs due to a collection agency failing to include a warning that payment could revive the statute of limitations on time barred debt. 1692e(10) as a matter of law.

Collections 40

Collections Debt collector Judgment Credit Management 40

Troutman Sanders

MARCH 14, 2023

Buy Now, Pay Later borrowers also are more likely to use high-interest financial services, such as payday loans, pawn loans, and bank account overdrafts. Critically, the letter requests Binance, among other things, to produce complete copies of all Binance and Binance subsidiary balance sheets from 2017 to the present.

Financial services 52

Financial services Student loans Student Loans Loans 52