Consumer Finance

OCTOBER 31, 2021

CFPB Director Rohit Chopra released a statement today regarding the Report on Stablecoins issued by the President’s Working Group on Financial Markets, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation.

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Credit Corp

OCTOBER 31, 2021

If you feel burdened under the weight of student loan debt, you’re not alone. In 2019, the average student loan debt total per person was more than $31,000. The good news is that you may be able to get part or all of your student loans forgiven. You also have the right to a fair and accurate credit report, and you can challenge the accuracy of information about your student loans as well.

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Debt Recoveries

OCTOBER 31, 2021

Reading Time: 3 minutes Insurance claims recoveries are needed when there is a recoverable amount arising, as a result of a “not at fault” claim. For instance, an insurer pays out for the repairs to their insured’s vehicle. The insured is not at fault for the accident and has provided details of the at-fault party. The repairs to the vehicle can then be recovered or collected from the at-fault party.

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Consumer Financial Services Law

OCTOBER 31, 2021

With the CFPB having decided to leave the effective date of the Debt Collection Rule as November 30 th , the push is on for debt collectors to ensure their compliance with the Rule by that date. As debt collectors make the final push towards implementation, there are crucial conversations debt collectors should be having with creditors to ensure a smooth transition.

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Speaker: Erika R. Bales, Esq.

When we talk about “compliance and security," most companies want to ensure that steps are being taken to protect what they value most – people, data, real or personal property, intellectual property, digital assets, or any other number of other things - and it’s more important than ever that safeguards are in place. Let’s step back and focus on the idea that no matter how complicated the compliance and security regime, it should be able to be distilled down to a checklist.

Consumer Financial Services Law

OCTOBER 31, 2021

For the past year, the industry’s attention has been focused on the Debt Collection Rule (the “Rule”), its changes, and the new expectations it will place on debt collectors; but as the rubber meets the road, collection agencies and other debt collectors now are turning their attention to operational impacts and, how to put the Rule into practice. In doing so, many are now considering how to reconcile the requirements of the Rule with competing, and sometimes more restrictive or conflicting, sta

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