Collection Industry News

APRIL 2, 2021

The number of people seeking bankruptcy fell sharply during the pandemic as government aid propped up income and staved off housing and student-loan obligations. Bankruptcy filings by consumers under chapter 7 were down 22% last year compared with 2019, while individual filings under chapter 13 fell 46%, according to Epiq data.

Bankruptcy 40

Bankruptcy Student loans Student Loans Foreclosure 40

Troutman Sanders

JANUARY 19, 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. billion from 2019, primarily attributable to a $27.1 You may access this interactive tool at [link]. billion represents an increase of $33.3

Financial services 52

Financial services Garnishment Foreclosure Government 52

Troutman Sanders

OCTOBER 16, 2023

On October 11, the Federal Trade Commission (FTC) announced a new proposed rule to prohibit junk fees, which are hidden and bogus fees that can harm consumers and undercut honest businesses. On October 11, the Securities and Exchange Commission (SEC) informed the U.S. On October 11, B25-0449 was signed by Mayor Muriel Bowser (D).

Financial services 52

Financial services Student loans Student Loans Credit Unions 52

Troutman Sanders

NOVEMBER 7, 2023

On October 30, a Delaware judge approved the Chapter 11 restructuring plan of bankrupt cryptocurrency exchange Bittrex. The FIP was established in 2019 to foster collaborative efforts in financial services, study emerging fintech trends, and share regulatory expertise. For more information, click here. For more information, click here.

Financial services 52

Financial services Debt collector Loans Foreclosure 52

Troutman Sanders

DECEMBER 4, 2023

The OCC will invite authors of selected papers to present to OCC staff and invited academic and government researchers at OCC Headquarters in Washington, D.C., The Lazarus Group, sanctioned by OFAC in 2019, has reportedly stolen more than $2 billion in digital assets. on June 5-7, 2024. The sanctions against Sinbad.io

Financial services 52

Financial services Collateral Banks Trade 52

Burr Forman

DECEMBER 4, 2020

With new and impending changes in both the economic and political landscape, financial institutions have had to adapt to ever-changing policies governing consumer loan servicing and debt collection. The new bill issued a moratorium on evictions, foreclosures, and repossessions, which expired on June 30, 2020.

Financial Institution 52

Financial Institution Garnishment Collections Foreclosure 52

Fico Collections

NOVEMBER 3, 2022

Tue, 07/02/2019 - 02:45. Thu, 11/03/2022 - 11:30. Elsewhere, in markets like Turkey, where inflation is running at +70%, it’s only government intervention that’s delaying an indebtedness crisis. FICO Admin. by Bruce Curry. Senior Principal Consultant. expand_less Back To Top. Societal expectation of creditor support.

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Collections Creditors Debt Consolidation Debt Recovery 52