Troutman Sanders

OCTOBER 16, 2023

On October 11, the Consumer Financial Protection Bureau (CFPB) issued an advisory opinion concerning consumers’ requests for information regarding their accounts with large banks and credit unions. 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

Collection Industry News

JULY 6, 2021

Under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the CFPB has the authority to supervise large banks, thrifts, credit unions with assets over $10 billion, and certain nonbanks for compliance with Federal consumer financial law. Examiners found foreclosure issues. important; padding-bottom:1em!important;

Student loans 40

Student loans Student Loans Foreclosure Loans 40

Troutman Sanders

OCTOBER 9, 2023

The FTC alleged that the defendants pretended to be affiliated with the Department of Education, charged illegal junk fees, and offered students loan forgiveness promises that were not fulfilled. The administration is also pursuing alternative paths to provide debt relief under the Higher Education Act. 364 et seq.

Financial services 52

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

Credit Corp

AUGUST 23, 2021

You might also talk to your bank or credit union about available loans that would be looked upon more favorably. Revolving trades refers to revolving credit accounts. These are accounts such as credit cards and lines of credit—they’re considered revolving because you can use them repeatedly. Card Details +.

Lender 104

Lender Loans Personal loans Trade 104

Credit Corp

DECEMBER 14, 2020

Community Development Financial Institutions, which include banks, credit unions, loan and venture funds, are making second-chance loans where others may fear to tread. “We While borrowers should expect a credit check , a poor credit score shouldn’t stop a borrower from exploring this option. Support beyond the loan.

Lender 98

Lender Loans Financial Institution Personal loans 98

Troutman Sanders

MARCH 22, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. You may access this interactive tool at [link]. For more information, click here. On March 18, the U.S. For more information, click here.

Financial services 52

Financial services Garnishment Student loans Student Loans 52

Better Credit Blog

DECEMBER 6, 2021

I generally recommend that folks contact a national lender, a local mortgage broker, and a local credit union, then compare the information and find the right professional for you.” ” Again, a credit union or mortgage broker can help you determine if there are any grants you qualify for.

Lender 63

Lender Loans Government Credit Unions 63