Remove Consumer Credit Remove Garnishment Remove Legal Rights Remove Student Loans
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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. This is known as wage garnishment. 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.

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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.