Troutman Sanders

OCTOBER 9, 2023

The FTC alleged that the defendants pretended to be affiliated with the Department of Education, charged illegal junk fees, and offered students loan forgiveness promises that were not fulfilled. Supreme Court heard oral argument in Community Financial Services Association of America v. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Third-party Debt Collectors 52

Troutman Sanders

DECEMBER 27, 2021

To help you keep abreast of relevant activities, below find a breakdown of some of the biggest COVID-19 driven events at the federal and state levels to impact the Consumer Finance Services industry this past week: Federal Activities. State Activities. Privacy and Cybersecurity Activities. For more information, click here.

Financial services 52

Financial services Third-party Debt Collectors Debt collector Student loans 52

Troutman Sanders

DECEMBER 21, 2021

Department of Education’s decision to terminate its federal student loan contracts with private collection agencies. State Activities: On December 15, the New York Department of Financial Services released a notice of proposed rulemaking (NPRM) for third-party debt collectors and debt buyers.

Financial services 52

Financial services Credit Unions Credit Unions Third-party Debt Collectors 52

Consumer Financial Services Law

JANUARY 3, 2017

Here are the highlights: Debt collection, mortgage and credit reporting continue to be the leaders in complaint volume; Debt collections complaints comprise 27% of the total cumulative complaints received to date by the CFPB; Student loan complaints showed the greatest increase over the same period for 2015 with a 120% increase.

Third-party Debt Collectors 40

Third-party Debt Collectors Student loans Student Loans Collections 40