Consumer Credit Credit Card Debt Financial Institution Lender 
Troutman Sanders
OCTOBER 30, 2023
The FTC’s Safeguards Rule requires nonbanking financial institutions, such as mortgage brokers, motor vehicle dealers, and payday lenders, to develop, implement, and maintain a comprehensive security program to keep their customers’ information safe. For more information, click here. The injunction will dissolve if the U.S.
Troutman Sanders
OCTOBER 4, 2021
Federal Activities: On September 29, the Consumer Financial Protection Bureau (CFPB) released its fifth biennial report to Congress on the consumer credit card market, finding that the market’s growth over the last few years reversed course in 2020. Among other provisions, S.B. For more information, click here.
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Fico Collections
JANUARY 15, 2021
The COVID-19 pandemic cast a huge shadow on the financial services worldwide. The FICO Blog posts last year reflected that – we wrote about everything from the impact on collections, proactive lender communications with consumers, issues with fraud, and of course, how FICO® Scores were impacted.
Troutman Sanders
MAY 9, 2023
The proposed rule would require lenders to assess a borrower’s ability to repay a PACE loan and would provide a framework for how these loans will be treated under the Truth in Lending Act. On May 1, the Federal Trade Commission (FTC) announced a permanent ban from debt relief telemarketing for operators of debt relief scam.
Credit Corp
JANUARY 7, 2021
Unfortunately, holiday credit card debt lingers far longer than leftover turkey. If you don’t—or can’t—repay holiday debt promptly, it’ll accumulate over time. Compare Rates on Debt Consolidation Loans. How Can I Get Out of Debt with No Money? If you’re in a financial rough patch, don’t panic.
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