Troutman Sanders

AUGUST 1, 2023

An amendment in the NDAA to update the Fair Debt Collection Practices for Servicemembers Act passed in the Senate by a vote of 95-2. The OAG initially filed the lawsuit in June 2021, and as part of the judgment, between $450,000 and $2.5 The amendment, led by U.S. On July 20, Federal Trade Commission (FTC) and the U.S.

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Financial services Financial Institution Debt collector Fair Debt Collection 52

Better Credit Blog

MARCH 2, 2021

If you aren’t familiar with the Fair Debt Collection Practices Act and how it can work in your favor, a collector may violate your rights without your knowledge. Take a few moments to read up on this important law, which, among other protections, provides: Time limits: Collections calls are only permitted between 8 a.m.

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Collection Agencies Collections Agency Healthcare Debt collector 95

Troutman Sanders

APRIL 26, 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. Privacy and Cybersecurity Activities. million home that alleged a fraudulent transfer by the operator of a debt-collection scheme.

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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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