Troutman Sanders

MAY 5, 2022

The CFPB sees wrongful repossessions everywhere. Per the report, recent examinations found that servicers engaged in unfair acts or practices when they repossessed vehicles after consumers took action that should have prevented the repossession. Failing to trigger refunds of GAP protection after a repossession.

Financial Institution 52

Financial Institution Repossession Debt collector Lender 52

Collection Industry News

MAY 9, 2022

The CFPB sees wrongful repossessions everywhere. Per the report, recent examinations found that servicers engaged in unfair acts or practices when they repossessed vehicles after consumers took action that should have prevented the repossession. Failing to trigger refunds of GAP protection after a repossession.

Financial Institution 40

Financial Institution Repossession Debt collector Student loans 40

Sawin & Shea

FEBRUARY 28, 2024

If you fail to repay an unsecured personal loan, the lender cannot repossess your assets. You can discharge an unsecured loan whether it’s current, delinquent, or in default, even if the original lender sold it to a collection agency or debt buyer. Nonpayment of title loans can lead to vehicle repossession.

Personal loans 52

Personal loans Bankruptcy Chapter 13 bankruptcy Loans 52

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. This order was extended until December 31, 2020.

Financial Institution 52

Financial Institution Garnishment Collections Foreclosure 52

Qualco

NOVEMBER 7, 2023

Managing loan portfolios becomes a labyrinth for financial institutions in a financial ecosystem marked by unrelenting complexity and constant change. Consequently, financial institutions operate within an economy marked by contraction and sustained inflationary pressures.

Financial Institution 90

Financial Institution Debtor Loans Collateral 90

Better Credit Blog

FEBRUARY 25, 2021

Fortunately, FFCC is a legitimate third-party debt collection agency. Headquartered in Beachwood, Ohio, the agency has been operating since 1970. Over the past 50 years, FFCC has collected debts in the following industries: Business to business. Financial institution. Repossessions. Healthcare.

Collection Agencies 52

Collection Agencies Collections Agency Debt collector Collections 52

Fico Collections

JANUARY 26, 2022

While Government will likely take a hand in directing the pace of some collection activities, others will be determined by the debt holder. Collection agencies will likely be busier than ever as more debt holders assign debts to agencies. Agencies will face challenges when consumers owe from many different sources.

Collections 52

Collections Student loans Student Loans Government 52