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CFPB Continues to Press for Expanded Definition of Credit Transaction Under ECOA by Interjecting its Position in Pending Private Litigation

Troutman Sanders

In Roberson , the plaintiffs alleged that HCI steered its students into retail installment contracts, even when other, more favorable financing options existed.

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Tax Sales Proceeds In Excess Of The Tax Owed Must Be Returned To The Taxpayer

Fraser

The ruling stems from a lawsuit filed in Oakland County Circuit Court (the “Circuit Court”), that challenged one part of Michigan’s tax foreclosure law contained in the Michigan General Property Tax Act (the “GPTA”). The case is now headed back to the Circuit Court to determine a remedy.

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Total Household Debt Reaches $17.06 Trillion in Q2 2023; Credit Card Debt Exceeds $1 Trillion

Collection Industry News

Other balances, which include retail cards and other consumer loans, increased by $15 billion. About 39,000 individuals had new foreclosure notations on their credit reports, a very small increase from the first quarter. New foreclosures have stayed very low since even since the CARES Act moratorium was lifted.

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What is GECRB on My Credit Report?

Better Credit Blog

General Electric Capital Retail Bank, abbreviated as GECRB, is the former name for Synchrony Bank, and it’s probably on your report because you applied for a Synchrony card at some point in the past. The bank partners with numerous retailers to offer rewarding credit cards to shoppers. Foreclosures. Ask Lex Law for Help.

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Explained: The Adrenaline-Driven Rise to GameStop Stock

Credit Corp

GameStop, a dying video game retailer, has blown past epic proportions to the point of hitting all-time highs in the stock market. Similar to BlockBuster, people stopped buying video games in-person at retail stores. So, how does greed tie together with shorting a stock , hedge funds, Reddit users, and a video-game selling retailer?

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Q1 Industry Insights: Consumers Will Consume, Lenders Will Lend, Delinquencies Will Rise

True Accord

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. million U.S.

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What Is SYNCB On My Credit Report?

Better Credit Blog

If you’ve come across the name SYNCB on your credit report, it’s probably because you applied for a credit card with the bank or one of its popular retail partners. The online bank is known for its extensive lineup of credit cards for popular retailers, including: Amazon. Foreclosure. What Is SYNCB? American Eagle. Charge offs.

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