Troutman Sanders

JULY 5, 2023

On June 29, the United Kingdom’s cryptocurrency bill — the Financial Services and Markets Act 2023 — was approved by King Charles and ratified into law. The caller must also ask whether the person being contacted wishes to continue the call, end the call, or be removed from the call list. For more information, click here.

Financial services 52

Financial services Financial Institution Credit Unions Credit Unions 52

Better Credit Blog

NOVEMBER 2, 2020

Then you may start to hear from a company called Action Financial Services. Action Financial Services is a debt collection agency that may have been hired by the original owner of your debt. In order to pursue you for the debt, Action Financial Services has to first open up a collections account on your credit report.

Financial services 74

Financial services Debt collector Collection Agencies Collections Agency 74

Troutman Sanders

DECEMBER 4, 2023

The investigation further revealed that the company violated the AG’s debt collection regulations by excessively calling consumers’ residences, places of employment, and personal phones, disregarding regulations limiting such contact with consumers to twice in a seven-day period.

Financial services 52

Financial services Collateral Banks Trade 52

Troutman Sanders

JANUARY 24, 2023

On December 28, 2022, the New York Department of Financial Services released its debt collection rule amendments to 23 NYCRR 1, the regulation titled “Debt Collection by Third-Party Debt Collectors and Debt Buyers.” The initial proposed amendments were opened to public comment in late 2021.

Financial services 52

Financial services Third-party Debt Collectors Debt collector Debtor 52

Better Credit Blog

FEBRUARY 4, 2021

Are you concerned about a collections entry from Delivery Financial Services? Read on to learn more about Delivery Financial Services and how to get them deleted from your report. About Delivery Financial Services. How Delivery Financial Services Works. Ask Lex Law for Help.

Financial services 69

Financial services Debt collector Collection Agencies Collections Agency 69

Troutman Sanders

OCTOBER 16, 2023

billion, far higher than any other method of contact. One in four people who reported losing money to fraud since 2021 said it started on social media. [1] 1] Reported losses to scams on social media during the same period hit a staggering $2.7 For more information, click here.

Financial services 52

Financial services Student loans Student Loans Credit Unions 52

Troutman Sanders

APRIL 18, 2023

On April 19, the House of Representatives Committee on Financial Services will hold a hearing on “Understanding Stablecoins’ Role in Payments and the Need for Legislation.” For more information about the draft bill, click here. For information about the legislative hearing, click here. For more information, click here.

Financial services 52

Financial services Financial Institution Loans Bankruptcy 52

Account Recovery

AUGUST 10, 2021

A class-action lawsuit has been filed against Harley-Davidson Financial Services, accusing the lender of violating the Telephone Consumer Protection Act and the Illinois Consumer Fraud and Deceptive Business Practices Act because it allegedly contacted the plaintiff on her cell phone after she had revoked consent to be contacted.

Lender 246

Lender Financial services Collections 246

Better Credit Blog

FEBRUARY 5, 2021

If you’re wondering what BCA Financial Services is and why it’s on your credit report, the guide below is for you. With all of life’s financial obligations and the busyness of day to day life, it can be all too easy to let a payment slip through the cracks. About BCA Financial Services. BCA Financial Services, Inc.

Financial services 60

Financial services Collection Agencies Collections Agency Debt collector 60

Troutman Sanders

AUGUST 1, 2023

On July 27, the Financial Innovation and Technology for the 21st Century Act passed the House Committee on Agriculture. The bill previously passed the House Committee on Financial Services on July 26.

Financial services 52

Financial services Financial Institution Debt collector Fair Debt Collection 52

Troutman Sanders

MARCH 28, 2023

Court of Appeals for the Second Circuit held that the Consumer Financial Protection Bureau’s (CFPB) funding structure is constitutional — splitting from the U.S. Court of Appeals for the Fifth Circuit’s decision in Community Financial Services Association of America v. For more information, click here. On March 17, the U.S.

Financial services 52

Financial services Student loans Student Loans Financial Institution 52

Better Credit Blog

AUGUST 22, 2020

If you have an unpaid medical bill, you may begin to hear from a debt collector known as CMRE Financial Services. CMRE Financial Services is a collection agency that collects medical debts on behalf of hospitals and other healthcare businesses. What is CMRE Financial Services? Know Your Rights.

Financial services 52

Financial services Debt collector Original Creditor Collection Agencies 52

Troutman Sanders

OCTOBER 3, 2023

To assist the state’s federal student loan borrowers with the transition back to making regular monthly payments, the AG advises, among other things, that borrowers should: (a) update their contact information on their loan servicer’s website; (b) set up or update their Federal Student Aid accounts; (c) obtain an estimate of their upcoming payment, (..)

Financial services 52

Financial services Student loans Student Loans Trade 52

Better Credit Blog

SEPTEMBER 9, 2020

Have you noticed a company called Phoenix Financial Services on your credit report? If you are interested in removing Phoenix Financial Services from your credit report, check out our article below for a full how-to guide on how to clean up your report and boost your score. What is Phoenix Financial Services?

Financial services 52

Financial services Debt collector Collection Agencies Collections Agency 52

Fico Collections

JANUARY 13, 2021

To preface this post, my work focuses on digital financial services. That said, I do think it’s worth looking back on 2020 and identifying some important trends in financial services and thinking through how we might address them differently if we had a do-over. After all, hindsight is 2020. .

Financial services 72

Financial services Acquisition Banks Healthcare 72

Troutman Sanders

FEBRUARY 22, 2021

Require a hospital to provide a refund of certain amounts collected from a patient or the guarantor of a patient found eligible for reduced-cost care on the date of service. The FTC reminds consumers to “[b]e wary of anyone who contacts you to offer financial services or rental assistance for a fee.”.

Financial services 52

Financial services Student loans Student Loans Financial Institution 52

Troutman Sanders

OCTOBER 4, 2021

On September 22, the Internal Revenue Service announced that it awarded new contracts to three private sector collection agencies to collect overdue tax debts. Beginning September 23, taxpayers with unpaid tax bills may be contacted by one of the following three agencies: CBE Group, Inc., Coast Professional, Inc., and ConServe.

Financial services 52

Financial services Financial Institution Foreclosure Student loans 52

Troutman Sanders

JUNE 21, 2022

On June 8, the New York State Department of Financial Services (NYDFS) issued new “ Guidance on the Issuance of U.S. NYDFS said in the announcement that it has been “in close contact with New York State-regulated virtual currency entities in light of recent events in the stablecoin market and the virtual currency space.”

Financial services 59

Financial services Collateral Government 59

Troutman Sanders

JANUARY 30, 2023

On January 20, the CFPB urged mortgage servicers to remind homeowners with sufficient home equity that a traditional sale could provide a better alternative to foreclosure.

Financial services 52

Financial services Foreclosure Banks Trade 52

Collection Industry News

MARCH 14, 2022

Laws 48) , amending single point of contact requirements for certain delinquent borrowers. What changes does the measure require for servicer protocols? The amended section also authorizes the Superintendent of Financial Services to establish rules and regulations relating to the SPOC requirement.

Foreclosure 40

Foreclosure Loans Lender Financial services 40

Troutman Sanders

SEPTEMBER 14, 2020

On September 9, 2020, the Deputy Superintendent of the New York Department of Financial Services issued guidance to New York state-regulated mortgage lenders and servicers regarding fees paid to register mortgages in default. ” The webinar is available here. To read the announcement, click here.

Financial services 52

Financial services Collections Trade Lender 52

Consumer Financial Services Law

NOVEMBER 19, 2019

On November 14, 2019, the House Committee on Financial Services passed the following bills which would amend the federal Fair Debt Collection Practices Act and tighten consumer protections. The bills will now make their way to full House for further consideration. The Ending Debt Collection Harassment Act of 2019 (H.R.

Financial services 40

Financial services Fair Debt Collection Debt collector Judgment 40

Troutman Sanders

AUGUST 10, 2020

On August 5, 2020, American Financial Services Association, American Bankers Association, U.S. Described the growing need for federal privacy and data protection legislation in light of contact tracing and the increase in health monitoring. For more information, click here. read the full announcement made by the FTC, click here.

Financial services 52

Financial services Student loans Student Loans Education 52

Troutman Sanders

AUGUST 9, 2021

If individuals are unsure about certain communications, they should contact their state agency directly. For organizations interested in learning more about privacy issues relating to COVID-19 contact tracing for app makers, check out Troutman Pepper’s Law360 article by clicking here. To read the full announcement, click here.

Financial services 52

Financial services Student loans Student Loans Foreclosure 52

Troutman Sanders

APRIL 4, 2022

On March 29, the Office of the Comptroller of the Currency (OCC) issued a bulletin aimed at ensuring that OCC-regulated entities use the appropriate “designated points of contact” when complying with the Computer-Security Incident Notification: Final Rule ( OCC Bulletin 2021-55 ). For more information, click here.

Financial services 52

Financial services Loans Banks Student loans 52

Troutman Sanders

NOVEMBER 8, 2023

Specifically, the defendant repeatedly contacted the plaintiff despite its knowledge that the plaintiff was represented by counsel and that she had filed for bankruptcy due to her financial troubles.

Creditors 52

Creditors Chapter 7 bankruptcy Unsecured Creditor Debt collector 52

Troutman Sanders

SEPTEMBER 20, 2021

Government Accountability Office (GAO) released the results of a study on COVID-19 exposure notification applications, also known as contact tracing. For developers working on contact tracing applications, consider checking out Troutman Pepper’s Law360 article , where we describe privacy guidelines for contact tracing.

Financial services 52

Financial services Foreclosure Debt collector Student loans 52

Collection Industry News

JULY 18, 2022

The New York State Department of Financial Services (DFS) has issued an Industry Letter providing guidance on overdraft and non-sufficient funds (NSF) fees to depository institutions that it supervises. Of Financial Services Issues Overdraft/NSF Fee Guidance appeared first on Collection Industry News. Source: site.

Financial services 40

Financial services Banks Collections 40

Troutman Sanders

DECEMBER 7, 2021

On November 29, the CFPB issued a new advisory for financial institutionsto help prevent elder financial exploitation with alerts to trust contacts. The advisory provides information about developing relevant policies and procedures; educating account holders; and training and supporting staff. For more information, click here.

Financial services 52

Financial services Debt collector Consumer Credit Credit Card Debt 52

Troutman Sanders

OCTOBER 11, 2021

The complaint alleged that a data incident involving the loss of protected health information (PHI) used for COVID-19 contact tracing caused the plaintiff harm. For more information about contact tracing, we recommend you check out our Law360 article , where we discuss contact tracing’s privacy implications for app developers.

Financial services 52

Financial services Loans Lender Foreclosure 52

Troutman Sanders

FEBRUARY 8, 2021

Congresswoman Jackie Speier (D-CA) announced that she and other Congress members introduced legislation that would aid states to adopt better user privacy protections for contact-tracing systems. Several states are already using [contact-tracing systems], but it will only succeed if users can trust their information is safe.

Financial services 52

Financial services Foreclosure Student loans Student Loans 52

Troutman Sanders

APRIL 25, 2022

The report found that debt collection entities have reported increased consumer contacts and payments during the COVID-19 pandemic. On April 19, the CFPB released a report on financial challenges facing rural communities. For more information, click here. The CFPB indicates many rural communities are “banking deserts.”

Financial services 52

Financial services Student loans Student Loans Education 52

Troutman Sanders

NOVEMBER 2, 2020

In the report, Cannataci stated the widespread use of contact tracing technology is a disturbing trend when used disproportionately. On October 29, the United Nation’s special rapporteur on the right to privacy, Joseph Cannataci, delivered his annual report on privacy implications in the fight against COVID-19.

Financial services 52

Financial services Financial Institution Loans Credit Unions 52

Troutman Sanders

FEBRUARY 7, 2022

On January 31, the Consumer Financial Protection Bureau published a review of the financial issues facing people and families who come in contact with the criminal justice system. For more information, click here. For more information, click here.

Financial services 52

Financial services Collection Agencies Collections Agency Financial Institution 52

Troutman Sanders

JULY 12, 2021

Despite easing up on COVID-19 monitoring, New York City noted that it has more tools, such as “in home testing of people identified as close contacts of people who test positive.” To learn more about contact tracing, please click here. To read more about how New York is handling the Delta variant, click here.

Financial services 52

Financial services Student loans Student Loans Foreclosure 52

Troutman Sanders

FEBRUARY 2, 2021

On January 21, Congresswoman and Chairwoman of the House Financial Services Committee Maxine Waters announced the new assignments of House Financial Services Committee members for the 117th Congress. On January 21, the CFPB issued its semi-annual report to Congress for the period of April 1, 2020, to September 30, 2020.

Financial services 40

Financial services Foreclosure Banks Debt collector 40

Troutman Sanders

AUGUST 30, 2021

On August 23, Wired reported that the Power Apps portal service was misconfigured, which led to more than a thousand web applications accessible to the general public, “including data from a number of [COVID]-19 contact tracing platforms, vaccination sign-ups, [and] [COVID]-19 vaccination status.” To read the full report, click here.

Financial services 52

Financial services Student loans Student Loans Foreclosure 52