Collection Industry News

DECEMBER 28, 2020

The clear priority is helping consumers avoid foreclosure, a risk we know will continue throughout 2021. The lengthy consent decree covers loss mitigation conduct from 2014 through 2018, years in the past. Some borrowers suffered improper foreclosure activity as a result. 12 C.F.R. §§ 1024.41(b)(2)(i)(B), b)(2)(i)(B).

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Foreclosure Lender Loans Government 40

Troutman Sanders

AUGUST 14, 2023

On August 9, the Commissioner of Data Protection of the Dubai International Financial Centre (DIFC), the leading global financial center in the Middle East, Africa, and South Asia (MEASA) region, issued a first of its kind adequacy decision regarding the California Consumer Privacy Act of 2018 (CCPA), a standalone data protection law.

Financial services 52

Financial services Foreclosure Banks Loans 52

Troutman Sanders

APRIL 5, 2021

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 April 1, the CFPB issued a warning to mortgage servicers to take necessary steps to prevent a wave of foreclosures this fall.

Financial services 52

Financial services Financial Institution Foreclosure Garnishment 52

Troutman Sanders

JANUARY 25, 2021

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]. To read more about CISA’s campaign, click here.

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Financial services Debt collector Foreclosure Banks 52

Troutman Sanders

JUNE 28, 2021

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. Interested parties have until July 12 to submit their comments on the proposal. You may access this interactive tool at [link].

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Financial services Financial Institution Collection Agencies Collections Agency 52

Troutman Sanders

OCTOBER 16, 2023

State Activities: On October 12, California’s Department of Financial Protection and Innovation (DFPI), announced, in its October bulletin, that final regulations to implement the Student Loan Servicing Act and the Student Loans Borrower Rights Law have been approved and will become effective January 1, 2024. For more information, click here.

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Financial services Student loans Student Loans Credit Unions 52