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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. On July 30, DeKalb County Georgia Superior Judge Asha Jackson signed a new emergency order banning evictions in Dekalb County for another 60 days.

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CFPB keeps pressure on mortgage companies to assist struggling homeowners

Collection Industry News

In the summer of 2008, the Neighborhood Assistance Corporation of America staged an event that promised a fast track for struggling borrowers to avoid foreclosure. A homeowner from Jackson, Miss., million foreclosures , according to the Federal Reserve Bank of Chicago. The federal foreclosure moratorium has ended.