category california 
Collection Industry News
APRIL 13, 2023
The company secured a $240 million loan to help fund its operations during bankruptcy. It’s also possible the company could emerge from bankruptcy as an online-only retailer, said Neil Saunders, an analyst at GlobalData Retail. The retailer attracted a broad range of customers by selling name brands at cut-rate prices.
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. For more information, click here. On September 26, Representative French Hill introduced H.R.
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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?
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.
Troutman Sanders
MARCH 11, 2024
The blog post posited that closing costs significantly impact a borrower’s financial commitment and, potentially, monthly payments and identified a “noticeable increase” in closing costs, with median total loan expenses on home purchase loans increasing by 21.8% between 2021 and 2022. For more information, click here.
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.
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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