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. Recently opened bank revolving trades. Revolving trades refers to revolving credit accounts. What you can do : Work to pay off some of these accounts so you don’t have so many open.
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.
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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.
Troutman Sanders
OCTOBER 26, 2020
The task force also adopted an updated report on trade-based money laundering and recognized progress by a number of jurisdictions. The legislation would benefit banks and credit unions with assets under $15 billion. For more information, click here. For more information, click here. For more information, click here.
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. ” For more information, click here.
Troutman Sanders
FEBRUARY 21, 2024
The report alleges that large banks are offering worse credit card terms and interest rates than small banks and credit unions, regardless of credit risk. Among the allegations, the CFPB argues that large issuers “offered worse rates across credit scores.” For more information, click here.
Troutman Sanders
JUNE 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. Covered institutions include banks, savings associations, credit unions, and mortgage companies.
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