Consumer Credit Creditors Lender Trade 
Credit Corp
DECEMBER 14, 2020
So credit repair, consumer credit and credit bureaus—they’re all tied together. To understand why they’re so important, you might want to learn a bit more about the history of credit scores and repair. Luckily, we’ve compiled everything you need to know about the history of the credit repair industry.
Fico Collections
DECEMBER 8, 2022
Such events cast many borrowers into uncomfortable territory, creating what may be a defining moment in the relationship between them and their lenders. Lenders who get the strategy right may earn a loyal customer for life, while those who misfire risk cannibalizing valuable long-term relationships that often span multiple asset classes.
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Troutman Sanders
MAY 2, 2023
The proposed rule would require lenders to assess a borrower’s ability to repay a PACE loan, as well as provide a framework for how these loans will be treated under the Truth in Lending Act. On April 27, Federal Trade Commission (FTC) Chair Lina M. Brown argued that medical debt “correlates with illness,” not with credit risk.
CSA
OCTOBER 9, 2020
An overhaul of the rules governing the precise sentences that creditors are forced to use in these formal letters was long overdue and it?s s something that the CSA and other trade bodies, as well as firms, have argued is overdue from as far back as 2014.? All lenders will then be required to make the changes within six months.
Better Credit Blog
JANUARY 20, 2022
The firm’s flagship service involves negotiating with creditors to reduce what you owe in exchange for paying off a certain amount as a lump sum. Negotiate with your creditors to reach settlements and reduce your total debt. In keeping with Federal Trade Commission rules , Freedom Debt Relief doesn’t charge upfront fees.
Troutman Sanders
JANUARY 26, 2023
On January 20, 2023, California Attorney General Rob Bonta submitted a letter to the CFPB agreeing with its preliminary determination that California’s Commercial Financing Disclosures Law (CFDL) is not preempted by TILA because the CFDL only applies to commercial financing and not to consumer credit transactions within the scope of TILA.
Collection Industry News
JUNE 19, 2023
The CFPB also released several reports shining a light on factors that may influence fair access to credit, including how medical debt affects tens of millions of consumers’ credit profiles, how people in under-resourced rural areas struggle to access financial services, and the challenges faced by justice-involved individuals and families.
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