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Can a Collection Agency Report to the Credit Bureau Without Notifying You?

Credit Corp

If you or someone you know has dealt with a collection agency, you know how trying it can be. Debt collection agencies have a long history of harassment and illegal practices. Can a collection agency report to a credit bureau without notifying you? A collection account can significantly affect credit score.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

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. The bill additionally leaves room for assets that don’t fit neatly into either category. For more information, click here. On April 29, U.S.