Troutman Sanders
MARCH 11, 2024
If enacted, the bill would, among other things, prohibit medical debts from being reported on consumers’ credit reports. The bill would even prohibit credit reporting agencies from accepting information about consumers’ medical debts.
Troutman Sanders
NOVEMBER 13, 2023
Another revision makes it mandatory for hospitals seeking to garnish a patient’s wages or bank accounts to include with the summons and complaint initiating such action an “affidavit of expert review” making various certifications.
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Troutman Sanders
NOVEMBER 8, 2022
House of Representatives, seeking to protect a greater portion of consumers’ disposable income from garnishment. 9224) would amend the Consumer Credit Protection Act to raise the amount of a consumer’s disposable income protected from garnishment to $1,000 or 75%, whichever is greater.
FFGN COLLECT NY
JANUARY 10, 2024
More specifically, the Department of Financial Services will crack down on the “buy now, pay later” industry. Buy now, pay later services act as a lender of sorts and are currently not licensed by the state. In New York, retirement income from Social Security and other sources are exempt from garnishment.
Troutman Sanders
APRIL 18, 2022
Federal Activities: On April 14, the Consumer Financial Protection Bureau (CFPB or Bureau) published a report titled, “ Student Loan Borrowers Potentially At-Risk when Payment Suspension Ends.” On April 7, Colorado Governor Jared Polis signed Senate Bill 86 into law as Chapter 74 of the Laws of 2022.
Collection Industry News
MARCH 17, 2024
More specifically, the Department of Financial Services will crack down on the “buy now, pay later” industry. Buy now, pay later services act as a lender of sorts and are currently not licensed by the state. In New York, retirement income from Social Security and other sources are exempt from garnishment.
Troutman Sanders
NOVEMBER 2, 2020
State Activities: On October 30, Virginia Governor Ralph Northam signed House Bill 568, which automatically exempts emergency relief payments, as defined in the bill, from the creditor process, including garnishments and liens. For more information, click here. To read the full statement, click here.
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