category illinois 
Troutman Sanders
MARCH 1, 2023
On February 16, Illinois State Representative Hoan Huynh (D) introduced HB3064 , the Small Business Truth in Lending Act, that would impose certain mandatory disclosure requirements for commercial financing transactions and require registration of small business finance companies and brokers.
Troutman Sanders
FEBRUARY 28, 2022
The most active jurisdiction for filings were the Northern District of Illinois, the Northern District of Georgia, the Southern District of Florida, and the Middle District of Florida, each with 50 or more filings in January. Class actions made up roughly 11% of the total filings.
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Collection Industry News
JANUARY 24, 2022
On January 18, the CFPB filed a proposed final judgment against an Illinois-based third-party payment processor BrightSpeed Solutions and its founder Kevin Howard (collectively, “defendants”), which ceased operations almost three years ago, settling claims that the defendants facilitated payments for telemarketing fraudsters targeting seniors.
True Accord
JULY 13, 2023
Second, and in a victory for TrueAccord, the Northern District of Illinois showcased the benefits of digital collection as the court found that receiving an email about a debt is less intrusive to consumers than receiving a phone call. NPAS, Inc., to establish a concrete injury. In the Branham v. 9%) to $17.05
Collection Industry News
AUGUST 30, 2021
It was the second-highest consumer debt category, behind only mortgages. Dick Durbin, a Democrat from Illinois, and Rep. In 2019, more than 44 million borrowers owed more than $1.5 trillion in student loan debt, according to data from the Federal Reserve cited in the report accompanying the resolution.
Better Credit Blog
NOVEMBER 12, 2021
According to Experian’s report, State of the Automotive Finance Market, Q2 2020 , all potential borrowers belong to one of the categories below. The Minimum Credit Score for Buying A Car. Credit Score Range. Superprime. Deep subprime. Lenders generally offer car loans to borrowers in the prime range or higher.
Troutman Sanders
NOVEMBER 21, 2023
The FTC and the State of Illinois sued Napleton Automotive Group in March 2022, alleging that Napleton employees were sneaking illegal junk fees for unwanted “add-ons” onto vehicle purchases and discriminating against Black consumers.
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