Troutman Sanders

MAY 6, 2021

In 2017, Tinsley’s credit union notified her that someone used stolen checks to attempt to make several purchases on her account. The credit union did not honor the transactions, refunded all fees, and closed the plaintiff’s account. for a dishonored check. for a dishonored check.

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Credit Unions Credit Unions Debt collector Collections 52

Debt Recoveries

JUNE 30, 2021

The information gathered on the credit application form also comes in handy in case your customer does fall into arrears. It has valuable contact information that your debt collector can use to locate the customer and recover the funds. . See also How to collect debts.

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Credit Unions Credit Unions Debt Recovery Debt collector 98

Troutman Sanders

DECEMBER 21, 2021

On December 16, the National Credit Union Administration — the federal regulator that oversees credit unions — announced that credit unions may partner with third-party digital asset service providers to give members access to cryptocurrencies and other digital assets. For more information, click here.

Financial services 52

Financial services Credit Unions Credit Unions Third-party Debt Collectors 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. On January 2, the CFPB published a blog titled, “Holding Debt Collectors Responsible for False Statements.” For more information, click here.

Financial services 52

Financial services Student loans Student Loans Debt collector 52

Credit Corp

AUGUST 24, 2020

In addition to requesting a written validation notice from the collector, verify with your state attorney general’s office or the Better Business Bureau that the collection agency is legitimate. If you suspect that you are being contacted by a scammer, you can submit a complaint with the Federal Trade Commission.

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Collections Debt collector Collection Agencies Collections Agency 90

Troutman Sanders

OCTOBER 9, 2023

On October 5, the Consumer Financial Protection Bureau (CFPB) announced the appointment of new members to the Consumer Advisory Board, Community Bank Advisory Council, Credit Union Advisory Council, and Academic Research Council. For more information, click here. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Third-party Debt Collectors 52

Troutman Sanders

JUNE 21, 2022

Covered institutions include banks, savings associations, credit unions, and mortgage companies. Servicemembers told the CFPB about billing inaccuracies and that debt collectors used aggressive tactics to recover allegedly unpaid medical bills. financial institutions. For more information, click here.

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Financial services Credit Unions Credit Unions Financial Institution 52