Troutman Sanders

DECEMBER 19, 2023

For example, the whitepaper discusses how the quality of a stablecoin issuer’s reserve asset composition, and its ability to meet redemption requests, will determine whether a particular stablecoin meets the conditions to be included in the Group 1b category and be subjected to existing bank capital requirements. On December 13, the U.S.

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Collection Industry News

MARCH 28, 2022

As of the end of 2021, the DFPI had three pending regulation packages pursuant to the CCFPL: 1) complaint procedures, 2) commercial financing UDAAP, and 3) phase one registration categories. The post DFPI marks success in implementation of the California Consumer Financial Protection Law appeared first on Collection Industry News.

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Better Credit Blog

MAY 2, 2022

I couldn’t get a credit card, let alone a mortgage loan. Good Credit (680 – 719): This is a good credit range to be in, but you won’t get the very best rates on loans or credit cards. You can still qualify for most FHA mortgage loans, for example. You Need a Mortgage Loan. Pay Down All Installment Loans.

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Credit Corp

NOVEMBER 5, 2021

B Corporations are certified by the B Lab , a nonprofit that verifies institutions on five categories: Corporate governance Community impact Environmental impact Worker treatment Customer treatment. Founded in 2007 in California, Beneficial State Bank (BSB) offers savings and checking accounts online and via an app. B Corporations.

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Troutman Sanders

OCTOBER 4, 2022

On September 29, the Consumer Financial Protection Bureau (CFPB) released a special edition of Supervisory Highlights on recent examination findings, covering the practices of student loan servicers and schools that lend to students directly. On September 23, California Governor Gavin Newsom vetoed AB 2269.

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Better Credit Blog

AUGUST 24, 2021

You’ve likely also heard that a good credit score is essential to getting a mortgage, or a good deal on a personal loan for a car. Simply put, lenders will use this number to make a determination about how likely you are to pay back a loan, based on your history of paying off your credit cards. So what is a credit score, anyway?

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Better Credit Blog

JANUARY 5, 2021

Citicards come in several categories, including: 0% APR. Citi also offers personal loans, lines of credit, and mortgages, which can prompt a hard inquiry. If you go on Citibank’s website and compare quotes or get pre-approved for a loan or credit card offer, you don’t have to worry about a hard inquiry. Balance transfers.

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Better Credit Blog

JANUARY 5, 2021

Citicards come in several categories, including: 0% APR. Citi also offers personal loans, lines of credit, and mortgages which can prompt a hard inquiry. If you go on Citibank’s website and compare quotes or get pre-approved for a loan or credit card offer, you don’t have to worry about a hard inquiry. Balance transfers.

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Collection Industry News

APRIL 13, 2023

The company secured a $240 million loan to help fund its operations during bankruptcy. Bed Bath & Beyond had been a crown jewel of the era of so-called “category killers” — chains that dominated a category of retail, such as Toys “R” Us, Circuit City and Sports Authority.

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Better Credit Blog

JANUARY 14, 2021

Credit inquiries come in two different categories: hard and soft credit checks. They differ in a few key ways, starting with what prompts them: Soft Credit Check: Occurs when you check your score, get pre-approval for a loan/card, or get screened for a job or new home rental. How to Remove CRDT First from Your Credit Report.

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Troutman Sanders

OCTOBER 26, 2020

On October 23, lawmakers in the House of Representatives introduced a bill to exclude Paycheck Protection Program (PPP) loans from regulators’ calculations of the asset size of smaller banks. PPP loans administered by the Small Business Administration would not be excluded from assets on the institutions’ quarterly call reports.

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Troutman Sanders

MARCH 8, 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. Currently, any student loan debt canceled by the government can be considered taxable and levied at the borrower’s normal income tax rate.

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Troutman Sanders

MARCH 15, 2023

On March 10, the California Department of Financial Protection and Innovation closed Silicon Valley Bank and appointed the Federal Deposit Insurance Corporation (FDIC) as its receiver. Silicon Valley Bank had 17 branches in California and Massachusetts. would open and resume normal banking hours and activities.

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Troutman Sanders

SEPTEMBER 25, 2023

Increasingly, banks, brokers, and insurance companies are employing AI to process data, decide who can get a loan, and tailor financial products to customers. or more percentage points for a first-lien covered transaction with a loan amount greater than or equal to $130,461; 3.5 For more information, click here. 1020.210(b).

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Troutman Sanders

AUGUST 14, 2023

Analisa Torres ruled that three out of four categories of XRP token sales did not constitute an investment contract. On August 8, the Office of the Comptroller of the Currency (OCC) issued a bulletin to provide banks with guidance regarding the applicability of the legal lending limit to purchased loans. Ripple Labs , et al. ,

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Troutman Sanders

MAY 3, 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. .”

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Troutman Sanders

NOVEMBER 15, 2022

Director Chopra discussed potential resolutions on the hypothetical failure of three categories of systemically important financial institutions: (1) domestic systemically important financial institutions; (2) nonbank systemically important financial institutions; and (3) global systemically important banks. For more information, click here.

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Troutman Sanders

JANUARY 23, 2024

billion in additional student loan debt relief for 73,600 borrowers. These discharges are the result of fixes to income-driven repayment (IDR) forgiveness and public service loan forgiveness (PSLF) made by the administration. The debt relief is broken down into the following categories: $1.7 For more information, click here.

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Troutman Sanders

AUGUST 17, 2020

The FAQs explain what types of loans are covered, payment transfers, and payment notices. The revised pricing reduces the interest rate spread on tax-exempt notes for each credit rating category by 50 basis points, and reduces the amount by which the interest rate for taxable notes is adjusted relative to tax-exempt notes.

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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. The bill additionally leaves room for assets that don’t fit neatly into either category. For more information, click here. Dollar (USD) LIBOR after June 30.

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Troutman Sanders

NOVEMBER 21, 2023

On November 16, the Justice Department, in close coordination with the Department of Education, announced a successful first year of the new process for handling cases in which individuals seek to discharge their federal student loans in bankruptcy. For more information, click here. For more information, click here.

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