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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On November 8, the New York Department of Financial Services, through a special state law-established Private Student Loan Refinancing Task Force, issued a request for information (RFI), pertaining to student loan refinancing.

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Navient Settles with State AG Coalition Over Alleged Unfair, Deceptive, and Abusive Student Loan Origination and Servicing Practices

Troutman Sanders

This settlement represents the expanded scrutiny of lending practices we noted in our recent article on 2022 state AG predictions (click here ), and continues a movement by both state and federal regulators to pay attention to consumers’ ability-to-repay in the loan origination context. DMB Financial, LLC. , 1884CV01472-BLS1 (Aug.

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DFPI marks success in implementation of the California Consumer Financial Protection Law

Collection Industry News

Proposed registration includes debt settlement services, student debt relief services, postsecondary education financing, and wage-based advances. Research and Market Monitoring. OFTI participated in more than a dozen public events to publicize OFTI’s activities and extend the invitation to meet.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

On May 26, North Carolina Attorney General Josh Stein issued a press release, indicating his office had won a permanent ban against an individual and his businesses from offering debt relief, debt settlement, foreclosure assistance, and mortgage loan modification services to North Carolinians.