UK debt collections

JANUARY 11, 2023

But a “perfect storm” of inflation, the cost-of-living crisis and the war in Ukraine hit trade in 2022 leaving bosses facing “disaster” and having to voluntarily wind up the company. It trades online and is selling its brand Rouge London. The firm has now gone into liquidation with claims from creditors totaling £1,143,262.

Manufacturing 59

Manufacturing Creditors Trade Loans 59

Public Citizen

MAY 5, 2021

This year’s auto finance survey reports on a large multistate settlement with a lender over its unfair and deceptive practices in financing automobile retail installment contracts and an FTC enforcement action against an auto dealership for racial discrimination.

Retail 45

Retail Financial services Lender Trade 45

Troutman Sanders

NOVEMBER 3, 2021

On October 27, the Federal Trade Commission (FTC) announced a final rule (Final Rule), amending the Standards for Safeguarding Customer Information (Safeguards Rule) under the Gramm-Leach-Bliley Act (GLBA) as it applies to covered financial institutions. Requirements Under the Final Rule.

Financial Institution 52

Financial Institution Retail Government Trade 52

Collection Industry News

MAY 30, 2022

The CFPA includes a long list of exemptions to the CFPB’s authority, such as: merchants; retailers; accountants and tax preparers; attorneys engaged in the practice of law; persons regulated by the Securities and Exchange Commission; persons regulated by the Commodity Futures Trading Commission; and auto dealers.

Fair Debt Collection 40

Fair Debt Collection Foreclosure Retail Trade 40

Collection Industry News

SEPTEMBER 21, 2021

To be sure, banks are still behind most of the transactions but investors and analysts say the risk for traditional lenders is that they will get pushed further away from the front end of the finance chain. Several other retailers have announced plans this year to expand in financial services. fintech Square (SQ.N) It has provided $2.3

Banks 40

Banks Startups Financial services Lender 40

Troutman Sanders

MARCH 28, 2023

On March 23, the Federal Trade Commission (FTC) issued a notice of proposed rulemaking with the stated goal to make it easier for consumers to cancel recurring subscriptions and memberships. On March 22, the SEC issued a Wells Notice to Nasdaq-traded cryptocurrency exchange Coinbase, Inc. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Financial Institution 52

Troutman Sanders

NOVEMBER 21, 2022

According to the CFPB, greater visibility into market trends would allow lenders and investors to spot emerging opportunities, improve risk management practices, and ultimately expand access to credit and refinancing. The CFPB will be accepting comments on its proposal until December 19. For more information, click here.

Financial services 52

Financial services Banks Lender Trade 52

Fico Collections

FEBRUARY 16, 2021

It marks the highest fine ever issued to a lender for what it deemed a breach of consumer credit rules. As we pass the first anniversary of the pandemic’s outbreak, where does this leave lenders? Right now, we’re advising lenders to adopt a flexible combination of criteria and pre-emptive approaches to evaluate debt risk.

Lender 52

Lender Collections Loans Acquisition 52

Troutman Sanders

MAY 9, 2023

The proposed rule would require lenders to assess a borrower’s ability to repay a PACE loan and would provide a framework for how these loans will be treated under the Truth in Lending Act. On May 1, the Federal Trade Commission (FTC) announced a permanent ban from debt relief telemarketing for operators of debt relief scam.

Financial services 52

Financial services Student loans Student Loans Loans 52

Debt RR

JANUARY 24, 2020

Exchange-traded funds. Lenders may be able to approve businesses for these loans by reviewing their company’s credit history and financial information. As lenders can seize the collateral, secured loans are generally easier to approve for businesses without a lot of credit or financial history. Retail orders. Microloans.

Debt Financing 40

Debt Financing Loans Collateral Lender 40

Credit Corp

SEPTEMBER 13, 2023

One reason that lenders look at credit mix is to make sure that you can be responsible with multiple types of credit. Showing that you can handle different types of credit—and multiple credit accounts at once—indicates financial reliability to potential lenders. Lenders charge you interest on the amount you revolve.

Credit Unions 97

Credit Unions Credit Unions Student loans Student Loans 97

Fico Collections

JUNE 21, 2022

Leading Turkish retail bank wins FICO ® Decisions Award for AI, machine learning & optimization using FICO decision optimization technology for credit limits. Balancing the Trade-Offs. The most important advantage of optimization was the ability to see trade-offs between different business goals. KristinaRobinson@fico.com.

Retail 52

Retail Trade Banks Startups 52

Troutman Sanders

MARCH 11, 2024

On March 6, the Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam called on Congress to pass legislation addressing regulatory jurisdictions in the crypto industry. The SEC alleged that Shapeshift violated Section 15(a) of the Securities Exchange Act of 1934 by facilitating trades in crypto assets without registration.

Financial services 52

Financial services Garnishment Lender Banks 52

Troutman Sanders

JULY 19, 2023

On July 12, the Commodity Futures Trading Commission (CFTC) announced that the U.S. The order bans the defendant and his companies from trading in any CFTC-regulated markets or registering with the CFTC. For more information, click here. It also requires him to pay $3,912,220 in disgorgement and a $11,736,660 civil monetary penalty.

Financial services 40

Financial services Lender Trade Banks 40

Troutman Sanders

JANUARY 30, 2023

On January 26, the Securities and Exchange Commission (SEC) rejected Cboe BZX Exchange’s (BZX) request to list and trade Ark 21Shares, the proposed spot-Bitcoin exchange traded fund (ETF) managed by asset managers ARK Investment Management and 21Shares (collectively hereinafter, the “trust). For more information, click here.

Financial services 52

Financial services Foreclosure Banks Trade 52

Troutman Sanders

FEBRUARY 26, 2024

Securities and Exchange Commission (SEC) and South Korea’s Financial Supervisory Service (FSS) will discuss the classification and regulation of nonfungible tokens (NFTs) and spot Bitcoin exchange-traded funds (ETFs). On February 23, the Federal Trade Commission (FTC) announced that it finalized an order with Global Tel*Link Corp.

Financial services 52

Financial services Financial Institution Trade Banks 52

Troutman Sanders

JUNE 27, 2023

On June 22, the Commodity Futures Trading Commission (CFTC) filed suit against a foreign exchange trader, claiming that the trader misappropriated more than $1.3 On June 22, the Federal Trade Commission filed an amicus brief in the U.S. On June 22, the Commodity Futures Trading Commission filed an enforcement action in the U.S.

Financial services 52

Financial services Banks Trade Loans 52

Fico Collections

JANUARY 27, 2022

Lenders with a variety of communication channels open to them and the ability to choose the most appropriate for each of their customers will provide the best service to their customers. Retail Credit Analytics. Artificial Intelligence Applications. Financial Crime – Enterprise Fraud. What a way to wrap the year! Filling the US$3.4

Banks 52

Banks Financial services Lender Financial Institution 52

Troutman Sanders

JANUARY 23, 2024

On January 18, the Federal Trade Commission (FTC) issued an order postponing the effective date of the Combatting Auto Retail Scams (CARS) Rule while a legal challenge against the rule is pending. For more information, click here. According to the FTC, the CARS Rule will save consumers more than $3.4 For more information, click here.

Financial services 52

Financial services Credit Unions Credit Unions Financial Institution 52

Troutman Sanders

APRIL 12, 2022

Today, many working-class Americans remain dependent upon intermediaries, such as check cashers and payday lenders, to obtain swift access to their paychecks in exchange for large processing fees to avoid the up to two-day processing time of banks. dollar, to escape the volatility associated with the broader digital asset market.

Banks 52

Banks Retail Trade Lender 52

Troutman Sanders

JANUARY 30, 2024

On January 24, the Federal Trade Commission (FTC) announced will host a virtual summit to discuss key developments in AI. On January 23, FINRA reported that 70% of broker-dealer communications with retail customers potentially violated crypto-asset communication rules under FINRA Rule 2210. For more information, click here.

Financial services 52

Financial services Financial Institution Banks Credit Unions 52

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

JANUARY 17, 2023

Federal Activities: On January 13, the Federal Trade Commission (FTC) announced that an investment advice company agreed to a proposed court consent order, requiring it to refund more than $1.2 million to 20,402 people who paid thousands of dollars for a Warrior Trading’s investment programs. State Activities.

Financial services 52

Financial services Student loans Student Loans Education 52

Troutman Sanders

SEPTEMBER 11, 2023

Tempoe offered financing at the point of sale to customers at major retailers such as Sears and Kmart. On September 7, the Commodity Futures Trading Commission’s (CFTC) Commissioner Caroline D. Forty-one states and the District of Columbia are entering into a parallel multistate settlement addressing the same conduct.

Financial services 52

Financial services Student loans Student Loans Banks 52

Collection Industry News

OCTOBER 17, 2023

Some cards — retail store cards, in particular — charge more than 30%, said Ted Rossman, industry analyst for CreditCards.com. Eight trade groups representing lenders such as banks and credit unions wrote a letter to Sen. Total credit card debt topped $1 trillion in the second quarter of 2023 for the first time ever.

Credit Unions 40

Credit Unions Credit Unions Accrued Interest Credit Card Debt 40