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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On July 27, the Financial Innovation and Technology for the 21st Century Act passed the House Committee on Agriculture. The bill previously passed the House Committee on Financial Services on July 26. On July 26, the CFPB published a blog focused on consumer credit scores. For more information, click here.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

The legislation prevents any potential gap in the law and protects homeowners from foreclosures as they continue to await approvals and payments from the Department of Housing and Community Development (DHCD). For more information, click here. On October 11, B25-0449 was signed by Mayor Muriel Bowser (D). For more information, click here.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

HB1443 will go into effect on November 1. HB1349 will take effect on July 23.

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Q1 Industry Insights: Consumers Will Consume, Lenders Will Lend, Delinquencies Will Rise

True Accord

The four key trends we’re studying are: resumed foreclosure activity, extensive medical bills, the end of child tax credits and historically high inflation. Add these all together and the financial outlook for consumers, especially those in debt, is scary. But there are silver linings, as well. million U.S.

Lender 59
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Passage Of Debt Collection Bill Could Be A ‘Slippery Slope’ For Lenders

Collection Industry News

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.

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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What is DFS/WEBBANK On My Credit Report?

Better Credit Blog

Wondering why DFS/Webbank showed up on your credit report? Short for Dell Financial Services/Webbank, the entry is probably on your report because you applied for a Dell Preferred Account. Most of the time, a hard inquiry from a lender or service provider is nothing to panic over. DFS/Webbank On My Credit Report.

Lender 52