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COVID-19 Collections Impact Bulletin: State Responses (December 2020 Update)

Burr Forman

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. This Bulletin serves as an update to that non-exhaustive compilation of information.

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Nevada Regulator Issues Reminder To File Report On Residential Debt Collection

Collection Industry News

The report is required for licensed agencies working with unit- owners’ associations, such as a condominium development, and must be filed by Jan. The total amount of money collected by the collection agency for unit-owners’ associations during the immediately preceding year. Source- site.

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Decoding Over-Indebtedness in Europe: Managing Procedures with a Unified Tech Solution

Qualco

However, there are still disparities in implementing these laws across countries, with financial institutions facing challenges adapting to these diverse systems and managing the varying legal requirements and procedural intricacies across different jurisdictions. CLICK TO LEARN MORE

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Decoding Over-Indebtedness in Southern Europe: Managing Procedures with a Unified Tech Solution

Qualco

However, there are still disparities in implementing these laws across countries, with financial institutions facing challenges adapting to these diverse systems and managing the varying legal requirements and procedural intricacies across different jurisdictions. CLICK TO LEARN MORE

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

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 law does not impact most third-party collection agencies, but it does impact some creditors and debt buyers.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

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. Beginning September 23, taxpayers with unpaid tax bills may be contacted by one of the following three agencies: CBE Group, Inc.,

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How To Remove First Federal Credit Control From Your Credit Report

Better Credit Blog

If the name above is on your credit report, you’ve probably received phone calls and letters from the agency as well. First Federal is most likely on your report as a collections entry because of an unpaid bill. Because collections accounts can lower your credit score, it’s important to act quickly to get them off your report.