category cares-act 
Collection Industry News
AUGUST 17, 2023
Other balances, which include retail cards and other consumer loans, increased by $15 billion. Auto loan balances rose by $20 billion, consistent with the upward trajectory seen since 2011. Student loan balances fell by $35 billion and stood at $1.57 Student Loans Outstanding student loan debt stood at $1.57
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. For one, the consumer credit market is looking strong with signs of expansion, specifically, originations for credit cards and personal loans are increasing. million U.S.
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Troutman Sanders
OCTOBER 26, 2020
The current recordkeeping and travel regulations of the Bank Secrecy Act mandate that banks collect, retain, and transmit information on fund transfers of more than $3,000 occurring outside the U.S. PPP loans administered by the Small Business Administration would not be excluded from assets on the institutions’ quarterly call reports.
Better Credit Blog
JANUARY 14, 2021
Firestone Complete Auto Care. Credit inquiries come in two different categories: hard and soft credit checks. They differ in a few key ways, starting with what prompts them: Soft Credit Check: Occurs when you check your score, get pre-approval for a loan/card, or get screened for a job or new home rental. Tires Plus.
Troutman Sanders
MARCH 8, 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. Currently, any student loan debt canceled by the government can be considered taxable and levied at the borrower’s normal income tax rate.
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