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Americans’ debt surpasses $17 trillion for the first time

Collection Industry News

from the fourth quarter of last year, the Federal Reserve Bank of New York reported Monday. During the first quarter, the increases in debt were seen across practically all categories, with larger (and new record) balances for mortgages, home equity lines of credit, auto loans, student loans, retail cards and other consumer loans.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

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. Federal Activities: On March 6, the U.S. State Activities. Privacy and Cybersecurity Activities. Senate passed a $1.9