Troutman Sanders
OCTOBER 30, 2023
The FTC’s Safeguards Rule requires nonbanking financial institutions, such as mortgage brokers, motor vehicle dealers, and payday lenders, to develop, implement, and maintain a comprehensive security program to keep their customers’ information safe. financial institutions. For more information, click here.
Troutman Sanders
OCTOBER 4, 2021
In reviewing the market for potential consumer harm, the report presents the latest research on consumer card use, cost, and availability. From a 2019 peak of $926 billion, credit card debt fell to $811 billion by the second quarter of 2020 — the largest six-month decline on record — before reaching $825 billion by the end of the year.
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National Service Bureau
OCTOBER 13, 2015
More importantly, Congress decided that it was critical for military members to focus exclusively on their mission rather than dealing with potential financial distractions. How does the Servicemembers Civil Relief Act affect debt collections? They also complain about debt collectors calling their place of employment or third parties.
National Service Bureau
JUNE 23, 2015
These trends are relevant to debt collectors and collection agencies as well , so we’ll explore the relevant pieces in this blog post. Household debt’ is an umbrella term that encompasses many types of financial obligations - credit cards, auto loans, mortgages and more. For comparison, there was $0.86
Troutman Sanders
MAY 9, 2023
On May 1, the Federal Trade Commission (FTC) announced a permanent ban from debt relief telemarketing for operators of debt relief scam. The FTC charged the defendants with taking tens of millions of dollars from people by falsely promising to eliminate or substantially reduce their credit card debt.
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