2020 11 
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 of their estimated 2020 net income to the U.S. The Federal Reserve Banks’ 2020 estimated net income of $88.8
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. After holding above 50,000 filings a month in 2019 and in the first quarter of 2020, bankruptcy filings have remained below 40,000 a month since last March when the pandemic hit.
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Troutman Sanders
MAY 16, 2022
On May 11, the U.S. As in 2020’s report, published last year, the CFPB shows that its focus remains on what it characterizes as “financial inclusion, racial and economic equity, and fair competition.” Digital assets were front and center, particularly the need for a federal regulatory framework for stablecoins. Engel , 37 N.Y.3d
Collection Industry News
MARCH 15, 2021
The report states that “11 million renter and homeowner households were significantly overdue on their regular housing payments as of December 2020, placing them at heightened risk of losing their homes to foreclosure or eviction over the coming months.”
Troutman Sanders
JUNE 15, 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. State Activities: On June 11, Connecticut Attorney General William Tong and D.C. You may access this interactive tool at [link].
Burr Forman
DECEMBER 4, 2020
As 2020 comes to a close, it would be an understatement to say that the COVID-19 pandemic has significantly impacted the way we conduct business and live our everyday lives. In March of 2020, Burr published an article discussing the global pandemic’s impact on collection practices. State Responses.
Troutman Sanders
MARCH 15, 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 March 11, President Joe Biden signed the $1.9 You may access this interactive tool at [link]. For more information, click here.
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