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Amid coronavirus economic recovery, Ohio can help prevent a consumer debt crisis

Collection Industry News

No doubt, delinquent consumer debt will cause bankruptcies and foreclosures, flooding our courts and weakening our communities. In 2008, the federal government funded programs to help consumers restructure debt repayments with sustainable long-term modifications. billion in foreclosures and community costs.

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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. You may access this interactive tool at [link]. State Activities. Privacy and Cybersecurity Activities. Federal Activities: On July 23, U.S.