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Dealing with Debt Collectors

Debt Free Colorado

The CFDCPA does not apply to anyone who collects their debts or government personnel in the United States. What is Colorado Uniform Consumer Credit Code (Colorado UCCC). The Uniform Consumer Credit Code (UCCC) is a Colorado state legislation governing how consumer credit is handled.

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Compliance Roundup - 7 December 2022

CSA

The Money and Mental Health Policy Institute (MMHPI) has published a policy paper exploring the impact of the cost-of-living crisis on mental health, in which it sets out a range of measures it believes should be taken by government, regulators and firms to reduce the harm on people’s mental health. The MMHPI paper can be found here.

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Consumer Financial Protection Bureau’s Taskforce on Federal Consumer Financial Law Releases Its Report

Collection Industry News

The Taskforce was in part inspired by the National Commission on Consumer Finance, which was established by the Consumer Credit Protection Act in 1968 to conduct original research and provide recommendations relating to the regulation of consumer credit. To read the Taskforce Report Volume I click here: [link] .

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Passage Of Debt Collection Bill Could Be A ‘Slippery Slope’ For Lenders

Collection Industry News

In a letter sent to the leaders of the House and Senate , CUNA President/CEO Jim Nussle stated his objections to section 403 of the bill, which would amend the Fair Credit Reporting Act to prohibit credit scoring models from treating certain medical debt information on consumerscredit report as a negative factor.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On May 4, the White House published technology standard document “United States Government National Standards Strategy for Critical and Emerging Technology.” For more information, click here. competitiveness and national security ….”

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Biden Wants to Shut Down Credit Bureaus – What Would That Mean for You?

Collection Industry News

One of the more fascinating platform items of the Biden presidential campaign was the idea of transferring consumer credit ratings from Equifax (NYSE: EFX), Experian PLC (OTC: EXPGY) and TransUnion (NYSE: TRU) to a public registry under the Consumer Financial Protection Bureau. Source: site.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

Among other provisions under the stipulated order, the for-profit school must request that consumer reporting agencies delete the debt from consumerscredit reports. The FTC also alleges that the for-profit school encouraged students to use income-share agreements to pay for the school. For more information, click here.