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Collection Industry News
JULY 18, 2022
“Loan portfolio delinquencies for both bank and non-bank servicers remained stable in the first quarter of 2022 from the fourth quarter of 2021 and improved in certain categories,” said Fitch Structured Finance Director Richard Koch. Non-bank servicers, however, saw loan modification volume increase slightly to 21% from 20%.
True Accord
MARCH 31, 2022
The four key trends we’re studying are: resumed foreclosure activity, extensive medical bills, the end of child tax credits and historically high inflation. In January, the foreclosure proceedings that were paused under the CARES Act resumed after an 18-month hiatus. But some definitely feel it more than others. million U.S.
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Collection Industry News
AUGUST 17, 2023
Compared to other debt categories this quarter, credit card balances saw the most pronounced worsening in performance, following a period of extraordinarily low delinquency rates during the pandemic. About 39,000 individuals had new foreclosure notations on their credit reports, a very small increase from the first quarter.
Debt Free Colorado
DECEMBER 9, 2021
The United States Bankruptcy Code governs both chapter 7 and chapter 13 bankruptcy. While bankruptcy law forces you to sell some assets to repay unsecured creditors, the majority of Americans keep all of their property because of bankruptcy limits on the categories of assets that may be used to settle debts. Chapter 7 (Liquidation).
Public Citizen
JULY 6, 2020
Today, the Supreme Court held that collecting government debt by robocalling cellphones didn’t deserve special First Amendment treatment. The Federal Government receives a staggering number of complaints about robocalls—3.7 The Government’s stated justification for the government-debt exception is collecting government debt.
Troutman Sanders
AUGUST 14, 2023
Analisa Torres ruled that three out of four categories of XRP token sales did not constitute an investment contract. Government Accountability Office (GAO) updated its priority open recommendations to the OCC, the Federal Deposit Insurance Corporation (FDIC), and the Federal Reserve. Ripple Labs , et al. , 20-cv-10832 (S.D.N.Y.),
Debt Free Colorado
MARCH 3, 2023
There are officially six separate categories of bankruptcy , each designated after a specific section of federal bankruptcy law. Are you at risk of falling into foreclosure, being evicted, or having your utilities cut off? Do Bankruptcies Come in Different Types? What Benefits Can I Get from Filing for Bankruptcy?
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