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. On March 10, the Oklahoma Senate passed a health care debt collection bill. You may access this interactive tool at [link].

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Financial services Garnishment Student loans Student Loans 52

Troutman Sanders

SEPTEMBER 7, 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]. State Activities. Privacy and Cybersecurity Activities. For more information, click here.

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Financial services Student loans Student Loans Foreclosure 52

Better Credit Blog

FEBRUARY 25, 2021

Over the past 50 years, FFCC has collected debts in the following industries: Business to business. Financial institution. If you carry debt in any of those industries, the entry featured on your report could be legitimate. A debt collector may also contact you frequently until you make a satisfactory payment.

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Troutman Sanders

MARCH 29, 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. On March 22, the CFPB released the 2020 annual report to Congress on the administration of the Fair Debt Collection Practices Act (FDCPA).

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Financial services Fair Debt Collection Lender Foreclosure 52

Better Credit Blog

JANUARY 29, 2021

Citibank is a major financial institution that offers credit cards in partnership with numerous retailers, including: Best Buy. Debt collectors. Foreclosure. NTB/CBNA On My Credit Report. Brooks Brothers. The Home Depot. National Tire and Battery. Charge-offs. Poor payment history. Repossession.

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Repossession Loans Financial Institution Foreclosure 52

Troutman Sanders

MAY 9, 2023

The first of its kind, the strategy examines the phenomenon of financial institutions de-risking and its causes, and it identifies those greatest impacted. Department of the Treasury issued the 2023 De-Risking Strategy, as mandated by Congress in the Anti-Money Laundering Act of 2020. For more information, click here.

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Financial services Student loans Student Loans Loans 52

Better Credit Blog

OCTOBER 28, 2020

On the other hand, when you complete an application for some form of credit or other financial product, your report may undergo a hard inquiry. That’s where the lender or financial institution requests your full credit report from one or all of the major credit bureaus to vet you and assess the risk involved in approving your application.

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Lender Banks Financial Institution Foreclosure 40

Troutman Sanders

AUGUST 1, 2023

On July 27, the Senate passed its version of the National Defense Authorization Act (NDAA) bill, which includes a provision that tightens oversight over financial institutions engaged in crypto trading and takes aim at crypto mixers and “anonymity-enhancing” crypto assets. For more information, click here. The amendment, led by U.S.

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Financial services Financial Institution Debt collector Fair Debt Collection 52

Troutman Sanders

MAY 17, 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.

Financial services 52

Financial services Foreclosure Collection Agencies Collections Agency 52

Troutman Sanders

OCTOBER 9, 2023

On October 4, 2023, Seth Frotman, general counsel and senior advisor to the director of the Consumer Financial Protection Bureau (CFPB), gave prepared remarks that focused on the need for state and federal cooperation on medical debt. mail or other delivery service, prohibiting the use of oral or electronic validation.

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

Troutman Sanders

JUNE 15, 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.

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Financial services Financial Institution Foreclosure Government 52

Troutman Sanders

AUGUST 16, 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. 248 would require debt collectors to provide medical debtors with a 60-day notice of placement before collecting on any medical debt.

Financial services 52

Financial services Foreclosure Student loans Student Loans 52

Troutman Sanders

JUNE 28, 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.

Financial services 52

Financial services Financial Institution Collection Agencies Collections Agency 52

Troutman Sanders

MAY 2, 2023

On April 26, the CFPB issued an advisory opinion, reminding the industry that a debt collector who brings or threatens to bring a foreclosure action to collect a time-barred mortgage debt may violate the Fair Debt Collection Practices Act. For more information, click here.

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Financial services Trade Consumer Credit Government 52

Troutman Sanders

NOVEMBER 7, 2023

The AG’s office alleged that the company used “deceptive methods” to solicit homeowners facing foreclosure and failed to provide the services they promised. Per the settlement agreement, the company allegedly sent mailers that offered foreclosure prevention services and access to “housing counselors,” but failed to deliver on its services.

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