Collection Industry News
MARCH 7, 2022
More than half of the debt that appears on credit reports as being in collection stems from medical bills, the agency found. Unpaid medical bills became a bigger concern during the pandemic, and now, a federal consumer agency is considering whether those debts should be banned from consumer credit reports.
Taurus Collect
JANUARY 20, 2023
In addition, checking credit reports also provides insight into whether or not a particular consumer is likely to take legal action against them if they are having trouble repaying their debts.
Troutman Sanders
MAY 2, 2023
The proposed rule would require lenders to assess a borrower’s ability to repay a PACE loan, as well as provide a framework for how these loans will be treated under the Truth in Lending Act. Senate Committee on Banking held a full committee hearing, titled “Oversight of the Credit Reporting Agencies.” On April 27, the U.S.
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