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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On November 2, the Consumer Financial Protection Bureau (CFPB) released a blog post, exploring the potential impact of student loan payment reinstatement. The CFPB found that student loan borrowers are increasingly likely to struggle once their monthly student loan payments are reinstated.

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What Is a Judgment?

Credit Corp

Quasi in rem: Quasi in rem judgments consider the legal rights of individuals and not necessarily all parties involved. When your employer receives the proper legal notice, they must withhold a percentage of your wages. The Consumer Credit Protection Act caps these types of garnishments. Can You Settle a Judgment?

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Freedom Debt Relief Review

Better Credit Blog

Nelson, aged 27, took out a private student loan of $10,000 to cover unforeseen college costs after using up his federal loan. You can use several methods: Consumer credit counseling. Cons Using a debt relief company can negatively impact your credit rating. What to Know About the Debt Solution Industry.