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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

JUNE 28, 2021

Senators Elizabeth Warren, Tina Smith, Sherrod Brown, and Edward Markey wrote a letter to President Joe Biden, signed by 60 other lawmakers, requesting that that he extend the pause of federal student loan payments for at least six months or whenever employment returns to pre-pandemic levels. For more information, click here.

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Financial services Financial Institution Collection Agencies Collections Agency 52
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COVID-19 Collections Impact Bulletin: State Responses (December 2020 Update)

Burr Forman

DECEMBER 4, 2020

The Department of Business Oversight issued guidance on March 21, 2020 that work from home prohibitions would not be enforced against escrow agents, finance lenders and servicers, student loan servicers, or residential mortgage lenders and servicers, thus allowing collection efforts to continue.

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Financial Institution Garnishment Collections Foreclosure 52
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