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Is Debt Settlement Legit?

Titan Consulting

By revising the Telemarketing Sales Rule (TSR), the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC), along with state Attorneys General set forth a strict set of regulations that standardize the way all financial services companies in the debt relief industry must operate.

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SBA Loans: Offers in Compromise

Jimerson Firm

An offer in compromise is an offer by the borrower to pay a portion of what is owed on the SBA loan, in exchange for the SBA to consider the debt settled or satisfied. Generally, the compromise amount should be more than $5,000, unless a larger amount would cause financial hardship. illness), paying it would cause financial hardship.

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Overview of Florida’s New Uniform Commercial Real Estate Receivership Act

Jimerson Firm

sell, lease, license, exchange, collect, or otherwise dispose of receivership property.” § 714.02(14), A receiver is defined in the Act as a “person appointed by the court as the court’s agent, and subject to the court’s direction, to take possession of, manage, and, if authorized.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

However, due to partisanship in the Senate, Senator Lummis believes her bill is unlikely to pass before the House Financial Service Committee’s bill is introduced. Khan appeared before the House Appropriations Subcommittee on Financial Services and General Government to discuss its FY 2024 budget request and the agency’s ongoing work.