Better Credit Blog

MAY 27, 2022

Home equity loans allow you to borrow funds against the existing equity on your property. Homeowners use these loans to fund home renovations, student loans, and high-value purchases or consolidate high-interest debt. If you’re considering a home equity loan, check out our pick of the best loan providers below.

Loans 56

Loans Lender Banks Credit Unions 56

UK debt collections

JULY 5, 2022

Grigorijs Hacaturjancs, 34, originally from Latvia, has been disqualified as a director for 10 years after fraudulently claiming a £50,000 Bounce Back Loan. Beauty & Melody went into voluntary liquidation in July 2021 shortly after which the liquidator passed on concerns to the Insolvency Service regarding Grigorijs Hacaturjancs’ conduct.

Retail 59

Retail Loans Trade Banks 59

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. billion for 793,400 borrowers since October 2021. billion in IDR relief for 930,500 borrowers.

Financial services 52

Financial services Credit Unions Credit Unions Financial Institution 52

ABI

JANUARY 19, 2024

(“BMO”) provided a bridge loan (“the Bridge Loan”) to Intermediate Holding. [6] 6] Sun Capital either guaranteed the Bridge Loan or was otherwise obligated to ensure that the Bridge Loan was repaid ("the Sun Capital Guaranty"). [7] 8] BWGS paid the vast majority of the loan by transferring its own property worth $24.8

Bankruptcy 40

Bankruptcy Financial Institution Loans Banks 40

Credit Corp

JUNE 30, 2021

These are stocks that pay dividends once a month, equating to 12 dividend payments per year. The following 12 monthly dividend stocks make 12 dividend payments each year. The following 12 monthly dividend stocks make 12 dividend payments each year. In the 2021 first quarter, STAG grew core FFO-per-share by 4.3%

Retail 94

Retail Loans Trade Acquisition 94

Collection Industry News

FEBRUARY 22, 2021

On February 11, 2021, the Federal Trade Commission (FTC) announced a $114 million settlement with the owners and operators of an alleged tribal payday lending scheme. Instead, the payday lenders allegedly continued to withdraw funds from consumers’ bank accounts long after their loans had been repaid.

Lender 40

Lender Trade Loans Banks 40

Hudson Weir

AUGUST 21, 2023

The National Audit Office reports the total tax debt reached £42bn in September 2021, up from £16bn in January 2020 before COVID-19. The government offered a bounce back loan during COVID-19, but several years later, lots of companies are struggling to repay it. After that, the business ceases trading and sells off its assets.

Collections 52

Collections Debt Management Debt collector Trade 52

Credit Corp

JULY 24, 2021

The first few months of 2021 have uncovered a group of new investors interested in starting investing online by buying and selling stocks. Here’s a rundown of everything you’ll need to start trading stocks online in 2021. Five securities, including three government bonds and stocks of two banks, began trading.

Trade 105

Trade Government Banks Loans 105

Credit Corp

AUGUST 8, 2021

Publicly-Traded REITs. These companies trade on public stock exchanges, which makes them extremely liquid. A combined strength and weakness of publicly-traded REITs is their dividend yield. Because they trade on public stock exchanges, they tend to move in disturbing correlation with stock indexes.

Trade 105

Trade Loans Collateral Lender 105

Collection Industry News

OCTOBER 2, 2023

If the high court sides with the CFSA, a trade group representing payday lenders, its ruling could have broad and significant impacts for consumers, according to legal experts and consumer advocates. In the current case, the CFSA trade group sued the CFPB in 2018, seeking to invalidate a 2017 rule that cracked down on payday lenders.

Government 40

Government Credit Unions Credit Unions Trade 40

Troutman Sanders

JANUARY 9, 2024

On January 4, the Federal Trade Commission (FTC) and the State of Connecticut announced they are filing suit against an auto dealer for several of its business practices. On January 1, Freddie Mac announced that it is launching a pilot program to work with sellers on improving the quality of performing loans.

Financial services 52

Financial services Student loans Student Loans Debt collector 52

Troutman Sanders

JANUARY 19, 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. Department of Education to continue excusing borrowers from making payments on their student loans in light of the COVID-19 pandemic.

Financial services 52

Financial services Garnishment Foreclosure Government 52

Burr Forman

MARCH 2, 2021

The Employee Retention Credit, as originally enacted on March 27, 2020 by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), is a refundable tax credit against certain employment taxes equal to 50% of the qualified wages an eligible employer pays to employees after March 12, 2020, and before January 1, 2021.

Loans 52

Loans Trade Government 52

Troutman Sanders

DECEMBER 20, 2022

Federal Activities: On December 16, the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) filed an amicus brief in the Eleventh Circuit in support of a plaintiff-appellant who filed a Section 1681s-2(b) claim against a furnisher for failing to conduct a reasonable investigation under the Fair Credit Reporting Act.

Financial services 52

Financial services Student loans Student Loans Loans 52

Troutman Sanders

MAY 16, 2022

Federal Activities: On May 12 and May 10, the House Financial Services and Senate Banking Committees, respectively, held hearings with Financial Stability Oversight Council (FSOC) Chairwoman Secretary Yellen to discuss FSOC’s annual report to Congress. On May 6, the CFPB released its Fair Lending Report for 2021. State Activities.

Financial services 52

Financial services Foreclosure Lender Judgment 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 On January 12, the U.S. million to 20,402 people who paid thousands of dollars for a Warrior Trading’s investment programs.

Financial services 52

Financial services Student loans Student Loans Education 52

Troutman Sanders

AUGUST 22, 2022

On August 16, the CFPB director issued a statement on the announcement regarding the cancellation of loans for ITT Tech students. On August 12, the Commodity Futures Trading Commission (CFTC) filed a civil enforcement action in the U.S. For more information, click here. For more information, click, here. On August 15, the U.S.

Financial services 52

Financial services Financial Institution Trade Banks 52

ABI

JANUARY 13, 2022

In response to the financial crisis of 2007-2008, and the subsequent rise of unfair and deceptive for profit-mortgage assistance relief services (“MARS”), Congress designated the Federal Trade Commission (“FTC”) to employ rules regarding the regulation of MARS. [1] 19-3396, 2021 U.S. July 23, 2021). [2] LexisNexis 2021)). [3]

Retrieval 40

Retrieval Lender Judgment Lawyers 40

Troutman Sanders

FEBRUARY 16, 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. On February 12, the Federal Reserve Board released the hypothetical scenarios for its 2021 bank stress tests. State Activities.

Financial services 52

Financial services Student loans Student Loans Banks 52

Troutman Sanders

NOVEMBER 16, 2020

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. percent of their priced services costs in 2021. Phase III, among other things, suspends jury trials through December 12.

Financial services 52

Financial services Foreclosure Banks Trade 52

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.

Financial services 52

Financial services Garnishment Lender Banks 52

Credit Corp

JULY 16, 2021

Disclaimer: Data accurate as of Jun 24, 2021. The February 2021 dividend increase is a good sign. Whitestone has no real estate debt maturing in 2021. In the 2021 first quarter, revenue increased 0.7% For 2021 the company now expects AFFO between $4.87 On March 18th, 2021, PPL announced that it was selling its U.K.

Acquisition 98

Acquisition Banks Trade Manufacturing 98

Troutman Sanders

APRIL 23, 2021

FTC [1] that the Federal Trade Commission (FTC) does not have authority under the Federal Trade Commission Act Section 13(b) to seek, nor a court to award, equitable monetary relief, such as restitution or disgorgement. This case arose from Scott Tucker controlling several payday loan companies, which provided misleading loan terms.

Trade 52

Trade Loans Manufacturing Judgment 52

Troutman Sanders

OCTOBER 19, 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. On October 12, Rohit Chopra was sworn in as Director of the CFPB. The deadline was set for September 30, 2021.

Financial services 52

Financial services Student loans Student Loans Debt collector 52

Burr Forman

MARCH 11, 2021

On March 6, 2021, the Senate passed President Joe Biden’s $1.9 The House of Representatives voted to approve the Senate’s amendments to the ARP on March 10, 2021. The House of Representatives voted to approve the Senate’s amendments to the ARP on March 10, 2021. Background. The ARP includes a $28.6 Eligible Entities.

Construction 52

Construction Loans Trade Government 52

Troutman Sanders

MAY 17, 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. On May 12, the Senate Commerce Committee (FTC) voted to proceed with Lina Khan’s nomination as commissioner of the Federal Trade Commission.

Financial services 52

Financial services Foreclosure Collection Agencies Collections Agency 52

Troutman Sanders

OCTOBER 31, 2022

Federal Activities: On October 21, the Federal Trade Commission (FTC) issued “Protecting Older Consumers, 2021-2022, A Report of the Federal Trade Commission” to Congress on protecting older adults. On October 21, the Eighth Circuit temporarily blocked President Joe Biden’s student loan forgiveness program.

Financial services 52

Financial services Student loans Student Loans Loans 52

Troutman Sanders

DECEMBER 12, 2022

Among other things, the letter discusses Alameda Research, a defunct crypto trading firm and sister-company of bankrupt cryptocurrency exchange FTX, and its $11.5 This can include, for example, loans to small businesses. Gruenberg, and OCC Acting Comptroller Michael J. Hsu — inquiring about the U.S. For more information, click here.

Financial services 52

Financial services Financial Institution Banks Lender 52

Troutman Sanders

AUGUST 28, 2023

Thompson, and CFPB Director Rohit Chopra will participate in a roundtable discussion on September 12, at 3:00 p.m. The SEC further alleges that DeSalvo launched the Blazar Token as an initial coin offering in November 2021 and raised a total amount of $623,888 from approximately 222 investors until Blazar Token’s collapse in May 2022.

Financial services 52

Financial services Student loans Student Loans Loans 52

Troutman Sanders

MAY 9, 2022

Federal Activities: On May 6, the Federal Trade Commission joined the Consumer Financial Protection Bureau (CFPB) in filing an amicus brief with the U.S. On May 2, the CFPB released its Supervisory Highlights report on legal violations identified during the CFPB’s supervisory examinations in the second half of 2021. State Activities.

Financial services 52

Financial services Student loans Student Loans Government 52

Troutman Sanders

OCTOBER 16, 2023

On October 11, the Federal Trade Commission (FTC) announced a new proposed rule to prohibit junk fees, which are hidden and bogus fees that can harm consumers and undercut honest businesses. One in four people who reported losing money to fraud since 2021 said it started on social media. [1] For more information, click here.

Financial services 52

Financial services Student loans Student Loans Credit Unions 52

Troutman Sanders

JUNE 22, 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. These borrowers will receive 100% loan discharges, resulting in approximately $500 million in relief. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Financial Institution 52

Troutman Sanders

JANUARY 25, 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. The president is expected to nominate Rohit Chopra, currently a commissioner of the Federal Trade Commission, to serve as the next CFPB director.

Financial services 52

Financial services Debt collector Foreclosure Banks 52

Troutman Sanders

OCTOBER 4, 2022

Federal Activities: On September 30, the Commodity Futures Trading Commission (CFTC) filed an enforcement action against crypto futures and spot market exchange Digitex and its founder and CEO Adam Todd. State Activities. The CFTC alleged that Digitex violated the Commodity Exchange Act by failing to register as a futures commission merchant.

Financial services 52

Financial services Trade Retail Banks 52

Troutman Sanders

SEPTEMBER 19, 2022

The five firms surveyed in the report originated 180 million loans, totaling over $24 billion in 2021 — a near ten-fold increase from 2019. The report finds that the industry grew rapidly during the pandemic, but borrowers may receive uneven disclosures and protections. For more information, click here.

Financial services 52

Financial services Trade Government Banks 52

Better Credit Blog

APRIL 11, 2022

In 2021, the national household debt balance reached $14.96 Some examples of debt are mortgages, credit card dues, and personal loans. Although accruing lots of debt isn’t ideal, it may sometimes be unavoidable, such as mortgage payments or student loans. They may still be responsible for paying a portion of the loan.

Debt Consolidation 74

Debt Consolidation Debt settlement Credit Card Debt Bankruptcy 74

Troutman Sanders

SEPTEMBER 5, 2023

The putative class asserted two sets of federal securities claims: one for rescission of allegedly unlawful contracts under Section 29(b) of the Securities Exchange Act of 1934; and another for Uniswap’s alleged violation of Section 12(a)(1) of the Securities Act of 1933. Garland in October 2021. million to settle the charges.

Financial services 52

Financial services Banks Trade Home Insurance 52