FFGN COLLECT NY

JUNE 30, 2021

Today, you have six years to collect monies owed from consumer credit transactions. However, a bill approved by the New York Senate seeks to shorten the time to collect consumer credit transactions to three years. Personal bank loans. Credit union loan. Credit cards. Home equity loans.

Consumer Credit 40

Consumer Credit Collections Credit Unions Credit Unions 40

FFGN COLLECT NY

JULY 20, 2021

After New York Governor Andrew Cuomo signs the Consumer Credit Fairness Act (S.153/Thomas) 153/Thomas) into law, many creditors will need to provide significant documentation in order to file a debt collection action against their non-paying consumers. The New Consumer Debt Collection Requirements.

Creditors 40

Creditors Collections Credit Unions Credit Unions 40

Troutman Sanders

JANUARY 17, 2023

In November 2022, Genesis announced that it will prohibit retail investors from withdrawing their cryptocurrency deposits from Gemini Earn accounts due to liquidity risks. Supreme Court in support of the Biden administration’s student loan forgiveness plan. For more information, click here. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Education 52

Collection Industry News

OCTOBER 17, 2023

Total credit card debt topped $1 trillion in the second quarter of 2023 for the first time ever. Some cards — retail store cards, in particular — charge more than 30%, said Ted Rossman, industry analyst for CreditCards.com. Federally chartered credit unions have an 18% limit. proposed a 36% cap on consumer loans in 2021.

Credit Unions 40

Credit Unions Credit Unions Accrued Interest Credit Card Debt 40