True Accord

JUNE 20, 2024

This constitutionality case was brought by representative groups of the payday loan industry, the Community Financial Services Association of America and the Consumer Service Alliance of Texas, alleging that the CFPB’s funding mechanism is unconstitutional under the Appropriations Clause.

Financial Institution 111

Financial Institution Student Loans Student loans Loans 111

Jimerson Firm

FEBRUARY 10, 2022

The first consideration that lenders (banks and credit unions alike) often face is when, and if, to conclude that the account owner does not intend to, or is not able to, clear the negative balance or loan deficiency. As a result, a loan that is charged off is written off and deemed a loss of principal and interest. See Caplinger v.

Lender 98

Lender Credit Unions Credit Unions Collections 98

Credit Corp

MARCH 23, 2023

This can negatively impact your credit score and make it harder to get approved for a new rental or loan. Armed Forces the legal right to end a lease if they’re being relocated for 90 days or more. Some financial institutions let consumers terminate their car leases early. How Can You Get Out of a Lease Early?

Legal Rights 75

Legal Rights Financial Institution Collection Agencies Collections Agency 75

Troutman Sanders

NOVEMBER 8, 2022

On November 2, the Consumer Financial Protection Bureau (CFPB) released a blog post, exploring the potential impact of student loan payment reinstatement. The CFPB found that student loan borrowers are increasingly likely to struggle once their monthly student loan payments are reinstated.

Financial services 52

Financial services Student loans Student Loans Garnishment 52