Sawin & Shea

DECEMBER 28, 2023

By stretching out, modifying, or reducing payments, Chapter 13 helps make debt more manageable for financially distressed individuals while allowing them the opportunity to save assets like their homes from foreclosure and cars from repossession. As long as you keep up with repayment plan payments, you can avoid repossession or foreclosure.

Chapter 13 bankruptcy 52

Chapter 13 bankruptcy Bankruptcy Repossession Foreclosure 52

Collection Industry News

JULY 6, 2021

These non-public actions have occurred in areas such as auto loan servicing, consumer reporting, debt collection, deposits, fair lending, mortgage origination and servicing, private student loan origination, payday lending, and student loan servicing. Examiners found foreclosure issues.

Student loans 40

Student loans Student Loans Foreclosure Loans 40

Debt Free Colorado

MARCH 23, 2020

Dealing with Credit Card, Medical, and Student Loan Debts. Saving Your Home from Foreclosure. Surviving Debt tells you what c onsumers need to know about: Stopping Debt Harassment. Which Debts to Pay First. Essential Information about Credit Reports. Collection Lawsuits. Vehicle Repossessions. When and When Not to Refinance.

Student loans 83

Student loans Student Loans Repossession Lawyers 83

Troutman Sanders

AUGUST 9, 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. For more information, click here. For more information, click here. For more information, click here. On August 3, the Washington, D.C.

Financial services 52

Financial services Student loans Student Loans Foreclosure 52

Troutman Sanders

APRIL 17, 2023

District Court for the Southern District of Florida arguing that the Equal Credit Opportunity Act’s (ECOA) prohibition on discrimination covers every aspect of an applicant’s dealings with a creditor, not just the specific terms of a loan (like the interest rate or fees). Health Career Institute, LLC, et al. Townstone Financial, Inc.

Student loans 94

Student loans Student Loans Repossession Loans 94

Credit Corp

APRIL 26, 2024

Some of the items on this list include: Canceled amounts that were gifts or inheritances Certain student loans and student loan discharges Qualifying purchase price reductions If you ultimately need to claim the income, you must incorporate the 1099-C into your federal tax filing and report the canceled debt as “other income”.

Repossession 52

Repossession Creditors Bankruptcy Foreclosure 52

Troutman Sanders

OCTOBER 16, 2023

On October 11, an automotive management company settled claims by the Department of Justice (DOJ) alleging that the company had violated the False Claims Act by knowingly providing false information in support of its Paycheck Protection Program (PPP) loan forgiveness application. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Credit Unions 52

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. Source: site. Household spending also dropped as people stayed home, canceled travel and socially distanced to avoid the coronavirus.

Bankruptcy 40

Bankruptcy Student loans Student Loans Foreclosure 40

Troutman Sanders

FEBRUARY 21, 2024

The court found that the defendants falsely promised to reduce homeowners’ mortgage payments and prevent foreclosures, defrauding distressed homeowners out of millions of dollars. On February 15, the CFPB published a blog recounting its action against a student loan debt relief business and a debt-settlement company.

Financial services 52

Financial services Student loans Student Loans Financial Institution 52

Troutman Sanders

SEPTEMBER 14, 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. For more information, click here. On September 7, CFPB Acting Director Dave Uejio issued a statement after the U.S.

Financial services 52

Financial services Student loans Student Loans Foreclosure 52

Troutman Sanders

AUGUST 30, 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. This action brings the total amount of loan discharges approved by the DOE since January 2021 to $9.5

Financial services 52

Financial services Student loans Student Loans Foreclosure 52

True Accord

AUGUST 11, 2022

Whether it’s taking out a loan, buying a house, saving for retirement or purchasing goods on a credit card,, people are constantly being asked to make decisions that affect their personal finances. New York Federal Reserve , between the national student loan debt topping $1.6 Debt levels are on the rise again: according to the?

Acquisition 61

Acquisition Debt Recovery Education Student loans 61

Collection Industry News

MARCH 15, 2021

It has taken actions to collect data on a number of new industries, including debt relief and earned wage access providers, and has filed a cease-and-desist order against a student loan debt relief company charging borrowers exorbitant fees for the false promise of getting their student debt wiped.

Foreclosure 40

Foreclosure Student loans Student Loans Debt collector 40

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.

Lender 58

Lender Personal loans Foreclosure Loans 58

Burr Forman

MAY 20, 2021

Prohibiting servicers of private education loans from reporting an adverse item of information relating to the nonpayment of the loan for an established period of time. Prohibiting servicers of private education loans from reporting an adverse item of information relating to the nonpayment of the loan for an established period of time.

Collections 52

Collections Debt collector Student loans Student Loans 52

Troutman Sanders

SEPTEMBER 7, 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.

Financial services 52

Financial services Student loans Student Loans Foreclosure 52

Troutman Sanders

OCTOBER 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. On October 4, the CFPB announced that the deadline to request initial forbearance for loans backed by the U.S.

Financial services 52

Financial services Student loans Student Loans Debt collector 52

Troutman Sanders

JULY 7, 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. The rules cover loans on principal residences, generally exclude small servicers, and will take effect on August 31.

Financial services 52

Financial services Financial Institution Student loans Student Loans 52

Troutman Sanders

MAY 9, 2023

On May 1, the CFPB proposed a rule to implement a congressional mandate to establish consumer protections for residential property assessed clean energy (PACE) loans. PACE loans, secured by a property tax lien on the borrower’s home, are often promoted as a way to finance clean energy improvements, such as solar panels.

Financial services 52

Financial services Student loans Student Loans Loans 52

Titan Consulting

APRIL 26, 2020

Suspending rent payments die to COVID-19 may put you at risk for foreclosure if you can’t make up your deferred payments all at once. Through the CARES Act, federally guaranteed mortgages , which cover two-thirds of home loans in the US, permit borrowers to delay payments, through a forbearance, for up to 12 months.

Student loans 52

Student loans Student Loans Lender Loans 52

Credit Corp

FEBRUARY 28, 2021

COVID-19 loans for bad credit are on the rise—but do they deliver, or do they make things even worse? Economic injury disaster loan : If you’re a small business recovering from an economic disaster—the COVID-19 pandemic, for instance—you could be eligible for a loan from the SBA. Small business resources.

Loans 98

Loans Student loans Student Loans Debt collector 98

Collection Industry News

MAY 18, 2021

In the letter, Nussle stated, “Lenders rely on complete and accurate credit reports when underwriting loans. 2547, the Non-Judicial Foreclosure Debt Collection Clarification Act, which would reverse the unanimous decision made by the Supreme Court of the United States (SCOTUS) in 2019.

Lender 40

Lender Foreclosure Collections Debt collector 40

Titan Consulting

AUGUST 23, 2020

Filers can typically retain the home and vehicle as long as you make payments on the loan. Bankruptcy does not generally discharge debts associated with child support, alimony, tax obligations, or student loan debt. Federally managed student loans received an automatic six-month payment waiver.

Chapter 13 bankruptcy 86

Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Unsecured Debt 86

Debt Free Colorado

MARCH 3, 2023

For instance, it may permit the restructuring of debts due to “secured” creditors, or creditors who have an interest in assets like a mortgage or a car loan, but it typically won’t abolish those debts. Are you at risk of falling into foreclosure, being evicted, or having your utilities cut off?

Bankruptcy 52

Bankruptcy Chapter 13 bankruptcy Credit Counselor Chapter 7 bankruptcy 52

Troutman Sanders

APRIL 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. The company was operating without registering as a debt settlement service provider as required by Minnesota law.

Financial services 52

Financial services Student loans Student Loans Financial Institution 52

Troutman Sanders

SEPTEMBER 27, 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. For more information, click here. On September 21, the U.S. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Foreclosure 52

Sawin & Shea

AUGUST 24, 2020

Bankruptcy will wipe out credit card debt, medical bills, and personal loans, but will not eliminate primary obligation debt; things like student loans, child and spousal support, and newer tax debt. Bankruptcy can also stop or delay a home or mortgage foreclosure, stop collection actions, stop garnishments and lawsuits.

Chapter 13 bankruptcy 98

Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy Debt collector 98

Consumer Financial Services Law

FEBRUARY 17, 2017

Here are the highlights of the most recent report: IN GENERAL · Student loans showed the greatest increase in complaints comparing October -December 2015 with October-December 2016, showing a 109% increase. In February 2016, the CFPB updated its student loan intake form to accept complaints about federal student loan servicing.

Student loans 40

Student loans Student Loans Foreclosure Loans 40

Troutman Sanders

MARCH 22, 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. As of March 18, the department intends to issue full loan discharges for borrowers with approved borrower defense claims.

Financial services 52

Financial services Garnishment Student loans Student Loans 52

Better Credit Blog

APRIL 1, 2022

It’s smart to know how to remove negative items from your credit report, especially if you are soon to be applying for a mortgage or car loan. Whatever you’re dealing with, late payments, collections, charge-offs, or foreclosures, the following techniques can clean up your credit quickly. Foreclosures. Ads by Money. Charge Offs.

Bankruptcy 114

Bankruptcy Collection Agencies Collections Agency Lender 114

Troutman Sanders

OCTOBER 19, 2020

On October 13, the Federal Trade Commission (FTC) warned consumers of scammers pretending to promise student loan debt relief. Due to the pandemic, people with federal student loans have some protections, but others claim to provide additional governmental protections for a fee. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Foreclosure 52

Collection Industry News

FEBRUARY 15, 2021

The CFPB observed potential fair lending issues by institutions originating Paycheck Protection Program (PPP) loans under CARES Act amendments to the Small Business Act. requiring a small business to be an existing customer or to become a customer of the institution before applying for the loan from the institution).

Garnishment 40

Garnishment Student loans Student Loans Loans 40

Public Citizen

JULY 6, 2020

the Court held that a 2015 amendment to the Telephone Consumer Protection Act, which allowed cellphone robocalls to collect federal debts (such as student loans and mortgages), gave unconstitutionally favorable treatment to federal debt collection over other types of speech. American Assn. of Political Consultants, Inc.,

Collections 70

Collections Student loans Student Loans Government 70

Troutman Sanders

OCTOBER 11, 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. Department of Education announced the establishment of an Office of Enforcement within Federal Student Aid (FSA).

Financial services 52

Financial services Loans Lender Foreclosure 52

Troutman Sanders

NOVEMBER 30, 2020

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. House of Representatives that would extend the payment pause and interest waiver for government-held federal student loans.

Financial services 52

Financial services Foreclosure Student loans Student Loans 52

Troutman Sanders

OCTOBER 4, 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. Among other provisions, S.B. For more information, click here and here.

Financial services 52

Financial services Financial Institution Foreclosure Student loans 52

Credit Corp

SEPTEMBER 12, 2023

Typically, they only appear if you listed them on a credit card application or loan. They include auto repossessions or foreclosures. As a result, evictions, broken leases, and late or missing payments may appear. Employment history: Current or past employers may show up on a credit report.

Bankruptcy 93

Bankruptcy Lender Student loans Student Loans 93