Troutman Sanders

JUNE 14, 2023

On June 8, the board of governors for the Federal Reserve (the Fed), Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), National Credit Union Administration (NCUA), and the OCC requested public comment on proposed guidance addressing reconsiderations of value (ROV) for residential real estate transactions.

Financial services 52

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Credit Corp

SEPTEMBER 13, 2023

Basically, credit scoring models want to see that you can manage different types of financing, most notably revolving accounts, such as a credit card, and installment accounts, such as a mortgage or auto loan. The credit bureaus have determined that the types of accounts you have is predictive of your future credit risk.

Credit Unions 97

Credit Unions Credit Unions Student loans Student Loans 97

Troutman Sanders

MARCH 15, 2023

The FDIC was also appointed receiver of Signature Bank, which was closed on March 12, 2023, by the New York Department of Financial Services. a full-service bank operated by the FDIC as it markets the institution to potential bidders.

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Collection Industry News

MAY 18, 2021

2547 was sponsored by House Financial Services Committee Chairwoman Rep. In the letter, Nussle stated, “Lenders rely on complete and accurate credit reports when underwriting loans. Prohibit certain abusive collection practices directed at service members, including threats to reduce rank or revoke security clearance.

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