Troutman Sanders

MARCH 22, 2021

The advisory provides a list of steps a consumer can take to ensure that they have the full benefit of those funds by protecting them from bank and credit union setoffs if the consumer’s account is overdrawn. For more information, click here. ” For more information, click here. For more information, click here.

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Financial services Garnishment Student loans Student Loans 52

Troutman Sanders

NOVEMBER 2, 2020

The legislation would benefit banks and credit unions with assets under $15 billion. 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.

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Financial services Financial Institution Loans Credit Unions 52

Credit Corp

AUGUST 24, 2020

If you suspect that you are being contacted by a scammer, you can submit a complaint with the Federal Trade Commission. Collectors must provide a written notice explaining the debt—including the amount, the name of the original creditor, and your right to dispute the debt—within five days of contacting you the first time.

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Collections Debt collector Collection Agencies Collections Agency 90