True Accord

APRIL 5, 2023

It’s tax season again, which can mean tax refunds for consumers that have historically been leveraged to stabilize finances or pay down debt. Read on for our take on what’s impacting consumer finances and our industry, how consumers are reacting, and what else you should be considering as it relates to debt collection in 2023.

Student loans 95

Student loans Student Loans Credit Card Debt Loans 95

Troutman Sanders

MAY 9, 2023

On May 4, the White House published technology standard document “United States Government National Standards Strategy for Critical and Emerging Technology.” On May 3, the Securities and Exchange Commission (SEC) published a final ruling on changes made to the Form PF. The White House estimates that the DAME tax will raise $3.5

Financial services 52

Financial services Student loans Student Loans Loans 52

Collection Industry News

OCTOBER 21, 2022

LONDON, Oct 21 (Reuters) – Owners of Britain’s largest malls, skyscrapers and industrial hubs face hikes in borrowing costs and a recession that could depress prices by up to a fifth, forcing lenders and investors to reassess their appetite for commercial property. Bellwethers like Land Securities (LAND.L), British Land (BLND.L)

Retail 40

Retail Lender Loans Acquisition 40

Collection Industry News

OCTOBER 3, 2022

Arkansas is one of seven states in which canceled student loan debt may be treated as taxable income, but whether it is, student loan forgiveness is expected to create a tax burden shift from the borrowers. That means as the federal tax code changes, they agree to it.”. According to Federal Student Aid, an office of the U.S.

Student loans 40

Student loans Student Loans Loans Education 40

Troutman Sanders

DECEMBER 4, 2023

On December 1, the House of Representatives approved a resolution to repeal a Consumer Financial Protection Bureau (CFPB) rule that mandated banks to gather data on loan applications from women-owned, minority-owned, and small businesses to help lenders identify business development needs and opportunities. For more information, click here.

Financial services 52

Financial services Collateral Banks Trade 52

Troutman Sanders

SEPTEMBER 11, 2023

Forty-one states and the District of Columbia are entering into a parallel multistate settlement addressing the same conduct. Tempoe is paying a $2 million penalty, with $1 million deposited into CFPB’s victims’ relief fund and $1 million paid to the states entered into the settlement. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Banks 52

Troutman Sanders

MAY 2, 2023

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. For more information, click here. On April 29, U.S. Representative Patrick McHenry (R-NC) and U.S. The bill additionally leaves room for assets that don’t fit neatly into either category.

Financial services 52

Financial services Trade Consumer Credit Government 52