Troutman Sanders

SEPTEMBER 5, 2023

On August 18, the American Financial Services Association, Consumer Bankers Association, CRE Finance Council, Equipment Leasing and Finance Association, Mortgage Bankers Association, National Association of Federally-Insured Credit Unions, Truck Renting and Leasing Association, and the U.S.

Trade 52

Trade Credit Unions Credit Unions Financial Institution 52

Troutman Sanders

FEBRUARY 24, 2023

On February 9, the Federal Trade Commission (FTC) submitted its annual letter to the Consumer Financial Protection Bureau (CFPB) summarizing its activities enforcing the Equal Credit Opportunity Act (ECOA) and its implementing regulation, Regulation B. This letter is included in the CFPB’s annual report to Congress on the ECOA.

Credit Unions 52

Credit Unions Credit Unions Trade Banks 52

Credit Corp

AUGUST 23, 2021

This code means you don’t have any installment loans in your credit history or you haven’t had one active in a while. Creditors like to see that you can handle a mix of revolving and installment loan accounts, and a good credit mix can actually help improve your score. Recently opened bank revolving trades.

Lender 104

Lender Loans Personal loans Trade 104

Troutman Sanders

FEBRUARY 28, 2022

On February 23, the Federal Trade Commission (FTC) announced it has provided the CFPB an annual summary of its activities, enforcing the Equal Credit Opportunity Act and Regulation B. The options now will be reviewed to determine their potential impact on small businesses. For more information, click here.

Financial services 52

Financial services Trade Credit Unions Credit Unions 52

Troutman Sanders

JANUARY 9, 2024

On January 4, the Federal Trade Commission (FTC) and the State of Connecticut announced they are filing suit against an auto dealer for several of its business practices. For more information, click here. They allege that the dealer deceived consumers about the price of certified used cars, add-ons, and government fees.

Financial services 52

Financial services Student loans Student Loans Debt collector 52

Troutman Sanders

OCTOBER 16, 2023

On October 11, the Federal Trade Commission (FTC) announced a new proposed rule to prohibit junk fees, which are hidden and bogus fees that can harm consumers and undercut honest businesses. On October 11, the CFPB published its analysis regarding the nonsufficient fund (NSF) fee practices of a number of banks and credit unions.

Financial services 52

Financial services Student loans Student 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