UK debt collections

AUGUST 16, 2022

Sectors with the highest number of critically distressed businesses: Construction. Support Services. Financial Services. Julie Palmer, Partner at Begbies Traynor, said the data on companies in a critical financial distress painted a worrying picture. Real Estate. General Retailers. Automotive. Manufacturing.

Manufacturing 91

Manufacturing Retail Government Construction 91

Collection Industry News

MAY 9, 2022

Although debt collection has been a longtime leading issue reported to the Consumer Financial Protection Bureau (CFPB), during the COVID-19 pandemic, another issue emerged as the nation’s number one consumer concern: credit reporting. Maxine Waters, chair of the House Financial Services Committee. Source: site.

Financial services 40

Financial services Construction Credit Bureau Lender 40

Troutman Sanders

MAY 5, 2021

Section 1692c(b) of the FDCPA prohibits a debt collector from communicating with most third parties “in connection with the collection of any debt” unless it has the consumer’s consent. A debt collector is subject to liability for all other third-party communications “in connection with the collection of any debt.”

Debt collector 52

Debt collector Collections Fair Debt Collection Construction 52

Consumer Financial Services Law

DECEMBER 30, 2020

The Sixth Circuit recently weighed in on whether there is a “benign language” exception to Section 1692f(8) of the Fair Debt Collection Practices Act (the “FDCPA”). American Collections Enter., In Donovan v. FirstCredit, Inc., 20-3485, 2020 U.S. LEXIS 39798 (6 th Cir. 3d 488, 493 (5 th Cir. at *16 (internal citations omitted).

Debt collector 40

Debt collector Fair Debt Collection Construction Debtor 40

BN Lawyers

MARCH 21, 2019

McCarthy & Holthus, LLP, holding that that business engaged solely in non-judicial foreclosure activities are generally exempt from the Fair Debt Collection Practices Act, 15 U.S.C. It is unclear what impact the decision on the debt collection and foreclosure industry beyond the limited facts of the case, but as in Henson v.

Foreclosure 40

Foreclosure Debt collector Law Firms Fair Debt Collection 40

Troutman Sanders

AUGUST 21, 2023

On August 11, the FDIC announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Hawaii affected by wildfires. The FDIC is encouraging banks to work constructively with borrowers experiencing difficulties beyond their control due to damage caused by wildfires.

Financial services 52

Financial services Banks Loans Financial Institution 52

Jimerson Firm

MAY 25, 2021

To properly serve a defendant by constructive service, foreclosing lenders must publish the notice of action in a newspaper once a week for two consecutive weeks. Lenders are required to publish the date of the public auction in a newspaper once a week for two consecutive weeks, and again five days before the sale date.

Foreclosure 52

Foreclosure Lender Judgment Construction 52

Troutman Sanders

MAY 17, 2021

House of Representatives passed the Comprehensive Debt Collection Improvement Act, a collection of bills intended to reform how debts are collected. On May 13, the Nevada Financial Institutions Division (NFID) extended its temporary guidance allowing employees of licensed collection agencies to work from home through July 31.

Financial services 52

Financial services Foreclosure Collection Agencies Collections Agency 52

Troutman Sanders

AUGUST 28, 2023

Notably, the RBA and DFCRC did not construct this project as a CBDC pilot. Department of Education (DOE), used deceptive loan forgiveness promises, and falsely claimed they were offering relief under the “Biden Loan Forgiveness” plan to lure students and collect millions in illegal upfront fees. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Loans 52

Jimerson Firm

MAY 17, 2021

A servicer acting as a collection agent for the holder of a promissory note will have standing to bring an action by establishing evidence of a valid assignment. The servicer may submit evidence of an assignment from the payee to the plaintiff or an affidavit of ownership to prove its status as a holder of the note.

Foreclosure 52

Foreclosure Lender Judgment Banks 52

Fico Collections

MAY 3, 2021

Towards the end of 2020, Arizent Research and American Banker released a special report on digital disruption and digital transformation in the financial services industry, entitled “Clear and Present Danger: The Threat of Digital Disruption in Financial Services and What Banks Can Do to Vanquish It.”. . Supply chain.

Financial services 52

Financial services Banks Construction Education 52

Troutman Sanders

DECEMBER 4, 2023

The Senate Banking Committee questioned Chopra on the CFPB’s oversight of financial institutions providing benefits under the Servicemembers Civil Relief Act (SCRA), medical debt collection, so-called “junk fees,” and the increasing popularity of buy now, pay later (BNPL) products. For more information, click here.

Financial services 52

Financial services Collateral Banks Trade 52

Fico Collections

APRIL 12, 2021

that seemed like oddball pieces from different puzzles to most people – and construct an ingenious composite out of them; . They are unique to a company’s portfolio and its strategies, and they are not just single points of “data” but strands of dependably consistent and collectively important information. Categories.

Auto Insurance 52

Auto Insurance Construction Financial Institution Banks 52

Credit Corp

JULY 16, 2021

The top 5 industries are restaurant & food service, grocery, financial services, salons, and medical & dental. During the pandemic, the REIT rightly halted acquisitions and development projects, and reduced expenses, as it focuses on improving its financial position and liquidity. markets in Texas and Arizona.

Acquisition 98

Acquisition Banks Trade Manufacturing 98