Troutman Sanders

JANUARY 9, 2024

On January 2, the CFPB issued a report noting that during December 2023, it sent $6 million in financial relief to consumers harmed by illegal lending practices targeting veterans. On January 2, the CFPB published a blog titled, “Holding Debt Collectors Responsible for False Statements.” For more information, click here.

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Troutman Sanders

MARCH 8, 2021

The stimulus package includes a provision that would end the current policy of considering any student debt forgiven taxable income. Currently, any student loan debt canceled by the government can be considered taxable and levied at the borrower’s normal income tax rate. Senate passed a $1.9 House of Representatives for approval.

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Collection Industry News

OCTOBER 6, 2020

It was a great time to be a debt collector. In August, Encore Capital, the largest debt buyer in the country, announced that it had doubled its previous record for earnings in a quarter. There was no ban on collections of old credit card bills, Encore’s specialty. Other debt buyers jumped back in as well.

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ABI

JANUARY 12, 2022

John's University School of Law. The Fair Debt Collection Practices Act (FDCPA) generally prohibits debt collectors from misrepresenting their identity or using unfair practices to collect debts. [1] 2] In Ward v. 2] In Ward v. By: Kimberly Moyal. 8] NPAS moved for summary judgment. [9]

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