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

Collection Industry News

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. Maxine Waters (D-Calif.), passed the House with a 215-207 vote.

Lender 40
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California DFPI Continues To Expand Consumer Protection Efforts During The COVID-19 Pandemic

Collection Industry News

SACRAMENTO – More than a year into the COVID-19 pandemic, the California Department of Financial Protection and Innovation (DFPI) continues to expand efforts to protect consumers from financial impacts of the lethal virus that has ravaged the state’s economy and killed more than 53,000 Californians.

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How To Remove Fairway Collections From Your Credit Report

Better Credit Blog

If you are overwhelmed by dealing with negative entries on your credit report, we suggest you ask a professional credit repair company for help. If you have debt in any of the areas listed above, Fairway Collections is legally allowed to contact you to collect. After some time, they may turn your debt over to collections.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. In reviewing the market for potential consumer harm, the report presents the latest research on consumer card use, cost, and availability.

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What is RentGrow on My Credit Report?

Better Credit Blog

RentGrow On Your Credit Report. RentGrow is an agency that obtains consumer credit reports for landlords. These inquiries don’t do any damage to your score and don’t get added to your credit report. A word of caution: While one credit inquiry is nothing to fret over, try not to stack up too many. Debt collectors.

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What is NTB/CBNA on My Credit Report?

Better Credit Blog

Since they’re required for getting new credit, it’s okay to have an inquiry on your report. That being said, lenders might be discouraged from approving your application if your credit report is riddled with hard inquiries. Debt collectors. Foreclosure. Charge-offs. Poor payment history. Repossession.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

The proposed rule would require lenders to assess a borrower’s ability to repay a PACE loan and would provide a framework for how these loans will be treated under the Truth in Lending Act. PACE loans, secured by a property tax lien on the borrower’s home, are often promoted as a way to finance clean energy improvements, such as solar panels.