Remove Creditors Remove Debt collector Remove Lender Remove Manufacturing
article thumbnail

Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On September 19, the CFPB issued guidance regarding the legal requirements that creditors must follow when using AI and complex models. or more percentage points for a first-lien covered transaction secured by a manufactured home with a loan amount less than $130,461; 3.5 For more information, click here.

article thumbnail

Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

The bill “establishes temporary limitations on lenders’ remedies for borrowers’ failures to make payments on obligations secured by mortgages, trust deeds or land sale contracts for certain real property” due to “loss of income that is related to the COVID-19 pandemic.” On May 12, Oregon H.B.