Troutman Sanders
OCTOBER 24, 2023
Among other provisions under the stipulated order, the for-profit school must request that consumer reporting agencies delete the debt from consumers’ credit reports. For more information, click here. On October 18, U.S. For more information, click here. On October 16, the U.S.
Micro Bilt
OCTOBER 12, 2020
The year 2020 is one that will live on in infamy long after the chaos of global pandemic and the financial fallout of a nation shutting down for several months have passed. We’ve learned a lot during that time, including the importance of alternative consumer credit data for painting a clearer picture of someone’s “creditworthiness.”.
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Troutman Sanders
MAY 9, 2023
Among other things, the bill prohibits student loan servicers from: (1) directly or indirectly employing any scheme, device, or artifice to defraud or mislead student loan borrowers; (2) engaging in any unfair or deceptive practice toward any person or misrepresent or omit any material information involving the servicing of a student education loan, (..)
Troutman Sanders
APRIL 15, 2022
The Small Business Administration also has committed to ensuring credit access and a vested interest in accurate credit reporting and underwriting. Support Veterans in Financial Hardship: The Veterans Administration (VA) will virtually cease reporting unfavorable debt, including medical debt, to consumer reporting agencies.
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] .
CSA
DECEMBER 7, 2022
Council of EU and European Parliament announce provisional agreement on consumer credit directive. The Council of the EU and the European Parliament have announced that they have reached a provisional agreement on the consumer credit directive, which would repeal and replace the 2008 directive on consumer credit agreements.
Collection Industry News
MAY 18, 2021
2547 was sponsored by House Financial Services Committee Chairwoman Rep. While consumer groups praised the bill for its recourse for consumers harassed by debt collectors, CUNA and NAFCU saw the bill as complicating the legal relationship between consumers, members and lenders. The bill, H.R.
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