Troutman Sanders

NOVEMBER 13, 2023

On November 7, the Commodity Futures Trading Commission (CFTC) announced that, in 2023 alone, the cumulative penalty amount stemming from consent orders it entered with digital asset-based companies totaled $4.3 For more information, click here.

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Troutman Sanders

NOVEMBER 2, 2020

State Activities: On October 30, Virginia Governor Ralph Northam signed House Bill 568, which automatically exempts emergency relief payments, as defined in the bill, from the creditor process, including garnishments and liens. For more information, click here.

Financial services 52

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Collection Industry News

APRIL 11, 2022

I want to make sure my credit report is accurate so I can at least qualify for loans.’. So they started looking at their credit report more, and they found more mistakes,” he said. But a trade group that represents the credit reporting companies questioned the reliability of the CFPB’s complaint reports.

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Nexa Collect

JULY 1, 2020

If you’re not in the habit of checking your credit score every month, you can hire a credit monitoring company to do the tracking for you. To that end, the three consumer credit reporting companies, TransUnion, Equifax and Experian, offer extensive information and assistance to pinpoint the problem on their websites.

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Better Credit Blog

APRIL 6, 2022

We liken credit repair companies to a plumber: you can spend the time and effort into figuring out how to fix your leak yourself, but if you don’t want the hassle, a pro may be the best option. Legal experts at credit repair companies spend all day every day negotiating with creditors and seeking resolutions to mistakes.

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Troutman Sanders

OCTOBER 16, 2023

On October 11, the Federal Trade Commission (FTC) announced a new proposed rule to prohibit junk fees, which are hidden and bogus fees that can harm consumers and undercut honest businesses. The FTC has estimated that these fees can cost consumers tens of billions of dollars per year in unexpected costs.

Financial services 52

Financial services Student Loans Student loans Credit Unions 52

Troutman Sanders

MAY 9, 2023

On May 1, the Federal Trade Commission (FTC) announced a permanent ban from debt relief telemarketing for operators of debt relief scam. The FTC charged the defendants with taking tens of millions of dollars from people by falsely promising to eliminate or substantially reduce their credit card debt. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Loans 52

CSA

MARCH 4, 2021

The level of forbearance provided by our sector has been phenomenal and creditors have provided over 2.7m consumer credit payment holidays to borrowers so far. 100, which shows an eagerness to focus on consumer convenience and accelerate some of the fintech gains for customers in recent years. mortgage and over 1.7m

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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.

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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.

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Financial Institution Lender Consumer Credit Creditors 105

Troutman Sanders

MAY 2, 2023

This interim final rule will further facilitate the orderly transition of those consumer loans that currently use the LIBOR index to other indices in anticipation of the planned cessation U.S. On April 27, Federal Trade Commission (FTC) Chair Lina M. Brown argued that medical debt “correlates with illness,” not with credit risk.

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Financial services Trade Government Consumer Credit 52