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Collection Agencies in Puerto Rico

Nexa Collect

The CFPB has the authority to stretch its long arm as far as the most remote corner of the United States and its territories in order to supervise and audit local banks, credit unions, payday lenders, debt collection agencies, and more. 10, § 981p). Puerto Rico is one of the states that regulate the collection of fees and interest.

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What to Know Before Taking Out a Subsidized Loan

Credit Corp

Grants, scholarships and government programs can all be used to aid your pursuit of higher education. In the last 10 years alone, tuition and fees for four-year public schools have increased $2,020, while costs for four-year private schools have grown $6,210. The biggest source of these loans is the federal government.

Loans 96
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Collecting in a Post-Pandemic Economy

Katabat

It is rare to have an entire business model come under immediate and intense stress (“10 years of change in 8 weeks”), and it was equally remarkable how the industry emerged through the crucible with rapid business model changes. Amazingly, the industry pivoted deftly and continued to operate with strong success.

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CFPB Weighs Ban On Medical Debts In Credit Reports

Collection Industry News

Credit reports and scores are used by lenders to determine if you qualify for a loan, and what interest rate you pay. Since 2017, the credit bureaus have instructed collection agencies to wait at least 180 days — roughly six months — from the time a bill becomes delinquent before reporting it, Mr. Creighton said.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On May 4, the White House published technology standard document “United States Government National Standards Strategy for Critical and Emerging Technology.” For the first year after the effective date of the proposal, these firms would be subject to an excise tax of 10% of the costs of electricity they use in digital asset mining.

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All the Types of Student Loans

Better Credit Blog

Lender: Federal loans, as their name suggests, are issued by the U.S. government, whereas private loans are offered by banks, credit unions, and other financial institutions, some of which focus solely on providing student loans. Lender: Federal loans, as their name suggests, are issued by the U.S. Perkins Loan. Direct Loan.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On February 29, the Consumer Financial Protection Bureau (CFPB) issued a circular to law enforcement agencies and regulators explaining how companies operating comparison-shopping tools can break the law when they steer consumers to certain products or lenders because of kickbacks. regulations allow utilities 10 business days.