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Make Sure to Verify a Debt Collection Affidavit Before Signing

FFGN COLLECT NY

Robo-signing occurs when procedures are not followed and documents are reviewed and signed by people with minimal background in the case. Chase was one of 13 financial institution censured for robo-signing documents in support of debt collection suits and foreclosure.

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How Rising Interest Rates Can Affect Your Interest Rate After Bankruptcy

Sawin & Shea

When the Federal Reserve raises interest rates, financial institutions increase their rates accordingly, so those with variable interest rate loans may need to pay more interest than when they initially borrowed the money. Sadly, numerous people struggle to obtain reasonable loans when interest rates are this high.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

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.

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The Lenders Giving Borrowers Second Chance Loans

Credit Corp

Brenda’s still tending her garden, though, thanks to a second-chance loan from the New Hampshire Community Loan Fund-a Community Development Financial Institution (CDFI). The NEXT Awards recognize innovative CDFIs that responsibly serve low-income and low-wealth people and communities. Willingness to take a risk.

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How to Check Your Credit Score Without Hurting It

Credit Corp

Your credit score is an important aspect of your financial health and is oftentimes used by lenders, landlords, and even employers to determine your creditworthiness. It’s crucial to keep track of your credit score regularly, but many people are hesitant to check it because they’re afraid it will have a negative impact.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

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. The seven rescissions provide guidance to financial institutions on complying with their legal and regulatory obligations.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

The court found that the defendants falsely promised to reduce homeowners’ mortgage payments and prevent foreclosures, defrauding distressed homeowners out of millions of dollars. The scheme allegedly harmed more than 3,000 people nationwide. For more information, click here. For more information, click here.