Troutman Sanders

MAY 9, 2023

Among other things, the bill: (1) caps the rate of interest on medical debt to 3% per annum; (2) requires a debt collector or collection agency collecting on a medical debt to provide the consumer, upon the consumer’s written or oral request, an itemized statement concerning the debt, while allowing the consumer to dispute the validity of the debt (..)

Financial services 52

Financial services Student loans Student Loans Loans 52

Collection Industry News

JANUARY 13, 2021

Chartered by the Bureau in January of 2020, the Taskforce has examined the existing legal and regulatory environment facing consumers and financial services providers. To read the Taskforce Report Volume I click here: [link] . To read the Taskforce Report Volume II click here: [link] .

Consumer Credit 40

Consumer Credit Creditworthiness Banks Education 40

CSA

DECEMBER 7, 2022

One of their key proposals is that the government and FCA introduce clear limits on the number of times that creditors can contact people in debt. Council of EU and European Parliament announce provisional agreement on consumer credit directive. The MMHPI paper can be found here. FCA shares update on debt packager proposals.

Government 40

Government Consumer Credit Creditworthiness Financial services 40

FDCPA Defense

MAY 6, 2014

In its Bulletin issued in July 2013 , the CFPB took the position that creditors, debt buyers and third-party collectors often make representations to consumers about credit-related issues in order to persuade them to pay. Credit Bureau of Georgia, 555 F. Arrow Financial Services , 428 F. See, e.g., Wright v.

Creditworthiness 40

Creditworthiness Debtor Debt collector Consumer Credit 40