Troutman Sanders

MARCH 28, 2023

State Activities: On March 27, the California Department of Financial Protection and Innovation (DFPI) issued a warning to student loan borrowers about student debt relief scams. For more information, click here. On March 22, Iowa Governor Kim Reynolds signed SF133 into law. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Financial Institution 52

Nerd Wallet

JUNE 26, 2022

The “buy now, pay later” transaction is simple: Shoppers are offered an installment loan at the point of purchase, spreading the cost of the product across several payments. Buy now, pay later financing has become a go-to payment method at most major retailers for everything from clothing and. Anna Helhoski writes for NerdWallet.

Retail 103

Retail Loans Student loans Student Loans 103

Troutman Sanders

APRIL 17, 2023

where a putative class of Black students enrolled at Health Career Institute (HCI), a for-profit nursing school, alleged that after HCI arranged for students to take out federal and private student loans to pay for the program, HCI adopted new policies that increased the amount of time and money it would take students to complete the program.

Student loans 94

Student loans Student Loans Repossession Loans 94

Credit Corp

AUGUST 26, 2020

According to the National Retail Foundation, the cost of returning to public school is about $697 per household every year. Research student loan options. It’s likely that you or your child will need to take out student loans to pay for their education. How Expensive Back to School Really Is.

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Education Student loans Student Loans Creditworthiness 98

Troutman Sanders

OCTOBER 22, 2021

The Consumer Bankers Association (CBA), a trade group of retail financial institutions, recently sent a letter to the Consumer Financial Protection Bureau (CFPB) director, requesting increased supervision of financial technology companies (fintechs).

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Student loans Student Loans Lender Financial Institution 52

Collection Industry News

MAY 19, 2023

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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Credit Card Debt Student loans Student Loans Loans 52

Fico Collections

DECEMBER 6, 2022

One more unknown is how the expiration of student loan payment deferment and the upcoming loan cancellation will impact the overall cash flow of consumers. Debt is also becoming more expensive with the Federal Reserve continuing to increase interest rates. Sources: University of Michigan, U.S. Bureau of Labor Statistics, U.S.

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Student loans Student Loans Loans Retail 52

Troutman Sanders

MAY 9, 2023

Strengthen Retail (Consumer) Investor Protections. The bill would require digital asset firms to publish and distribute a prospectus that includes material information related to the firm’s business, financial condition, results of operations, risk factors, and conflicts of interests. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Loans 52

Better Credit Blog

AUGUST 7, 2020

Whether you’re in the market for a mortgage, auto loan, or credit card, your application can result in a hard inquiry on your credit report, which can damage your credit score for years. Synchrony offers several financial products, from CDs, MMAs, and IRAs to credit cards and loans through partnerships with other lenders.

Retail 52

Retail Lender Debt collector Banks 52

Troutman Sanders

NOVEMBER 4, 2021

The report catalogued the percentage of auto loan, student loan, credit card, and retail card accounts opened between 2012 and 2019 in which a dispute flag appeared on the applicant’s credit report.

Student loans 59

Student loans Student Loans Retail Loans 59

Collection Industry News

JANUARY 13, 2024

Auto loan and mortgage debt increased by 4%, while student loan debt saw a modest rise of 1.6%. Household debt in the “Other” category — which includes retail cards and other consumer loans — also saw a substantial increase of 7.7% Home equity revolving credit saw the second-largest increase, growing by 8.4%

Credit Card Debt 40

Credit Card Debt Student loans Student Loans Bankruptcy 40

Credit Corp

MARCH 1, 2021

Or, perhaps it’s a student who needs to earn a little extra money to help pay student loans. Retail Sales Rep. Retail sales reps require strong customer service skills, and attention to detail will go a long way. Retail sales reps earn about $12+ an hour. Bartenders.

Retail 101

Retail Education Student loans Student Loans 101

Credit Corp

NOVEMBER 18, 2020

If you used your card once at a retail store, they’ll still have your information on file. Somebody with your personal information might try to apply for a loan online. The FTC has also reported fraud instances related to student loans and payday loans.

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Student loans Student Loans Loans Financial Institution 111

Credit Corp

MAY 1, 2024

For example, if you notice you buy something every time you receive a weekly email from your favorite retailer, consider unsubscribing from the retailer’s email list. Limited-time discounts, negative emotions, envy, and boredom are examples of triggers that may lead to increased spending. Her expenses add up to $2,472 per month.

Credit Card Debt 52

Credit Card Debt Loans Debt Consolidation Student loans 52

Credit Corp

JUNE 27, 2021

That’s why you’re charged lower interest rates on credit card balances you carry or loans you have. It doesn’t matter if you’re looking for a personal loan, mortgage, student loan, or are carrying a balance on your credit card. High credit scores imply that you have settled outstanding credit on time in the past.

Student loans 98

Student loans Student Loans Loans Personal loans 98

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.

Financial services 52

Financial services Trade Retail Banks 52

Collection Industry News

NOVEMBER 8, 2021

The report catalogued the percentage of auto loan, student loan, credit card, and retail card accounts opened between 2012 and 2019 in which a dispute flag appeared on the applicant’s credit report.

Student loans 40

Student loans Student Loans Retail Loans 40

Credit Corp

JULY 17, 2021

Unfortunately, college is expensive and often results in expensive student loans. Many small businesses would be happy to get a college student. Think gas stations, retail, offices, and restaurants. These janitorial jobs are suitable for college students because they offer flexibility. Final Thoughts.

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Student loans Student Loans Retail Loans 98

Troutman Sanders

OCTOBER 30, 2023

This bill would instruct the Consumer Financial Protection Bureau (CFPB) and the Government Accountability Office to conduct a study on BNPL and EWA services to help determine the degree to which consumers are utilizing both services for retail purchases. For more information, click here. For more information, click here.

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Financial services Financial Institution Trade Banks 52

True Accord

MARCH 31, 2022

While student loan payments are still paused through May, the day is quickly approaching when many will see their financial obligations increase yet again, compounding the burden and financial pressure on consumers. This indicator has now returned to the same level as the start of the pandemic in March 2020.

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Lender Personal loans Foreclosure Loans 58

Collection Industry News

AUGUST 6, 2023

Federal student loan borrowers have had a break from paying back their student loans for over three years now. Over 50% of borrowers added debt on regular credit cards during the student loan payment pause and another 31% racked up balances on retail cards, a recent TransUnion analysis found.

Student loans 40

Student loans Student Loans Credit Card Debt Loans 40

Troutman Sanders

NOVEMBER 30, 2020

House of Representatives that would extend the payment pause and interest waiver for government-held federal student loans. Shop through trusted retailers before making a purchase and when providing any personal or financial information. On November 24, Representative Lauren Underwood introduced legislation in the U.S.

Financial services 52

Financial services Foreclosure Student loans Student Loans 52

Fico Collections

APRIL 28, 2022

According to the research from Cornerstone Advisors , these point-of-sale short-term installment loans with low credit amounts have been increasing in popularity during recent years for retail purchases like clothing, household goods, electronics, and more. credit card, mortgage, student loan, etc.)

Loans 98

Loans Consumer Credit Credit Bureau Student loans 98

Troutman Sanders

MARCH 8, 2021

The stimulus package includes a provision that would end the current policy of considering any student debt forgiven taxable income. Currently, any student loan debt canceled by the government can be considered taxable and levied at the borrower’s normal income tax rate. House of Representatives for approval.

Financial services 52

Financial services Retail Foreclosure Financial Institution 52

Better Credit Blog

SEPTEMBER 23, 2020

Retail debt. Student loans. Consumers can write them at their mailing address below: Allied Collection Service, Inc. 1607 Central Avenue. Columbus, IN 47201. Allied collects for service providers and lenders in the following industries: Commercial debt. Medical debt. Municipalities. Here’s how: Demand evidence of the debt.

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Collections Debt collector Third-party Debt Collectors Fair Debt Collection 52

Better Credit Blog

NOVEMBER 23, 2020

Retail cards. When you fail to repay a debt, whether it’s a medical bill, student loan, or credit card balance, it eventually enters collections. collects on a wide range of debts from several industries, including: Education. Financial services. Bank cards. Check recovery. Medical debt. Telecommunications. Commercial debt.

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Debt collector Collection Agencies Collections Agency Collections 52

Better Credit Blog

AUGUST 31, 2020

They grossed over $100 million in revenue in 2019 and collect a variety of debts including student loan, health care, telecommunications, retail, government, and more. They were originally founded in 1986 and currently have over 9,000 employees. You may be wondering if GC Services is a legitimate business.

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Debt collector Collections Student loans Student Loans 52

Credit Corp

MAY 4, 2021

For instance, if you’re a compulsive shopper, delete retail apps and turn off push notifications for sales. For instance, work on getting rid of your high-interest credit card debt before moving on to your federal student loans. You’ll make progress quicker, and progress leads to persistence. Calculate Your Credit Card Payoff.

Credit Card Debt 98

Credit Card Debt Bankruptcy Lender Student loans 98

Credit Corp

SEPTEMBER 13, 2023

Because mortgage loans can span up to 30 years, a lower interest rate can save you a lot of money over time. Student Loans : These loans are used to pay for college-related expenses, such as tuition, room, and board. As such, the repayment of a student loan generally goes through a process called deferment.

Credit Unions 97

Credit Unions Credit Unions Student loans Student Loans 97

Better Credit Blog

AUGUST 24, 2021

According to MyFico , they look at whether you have stuck to revolving accounts (which is to say credit cards, retail store cards and a home equity line of credit) or if you also have a fixed payment installment account such as a mortgage, auto loan or student loan.

Lender 59

Lender Loans Personal loans Student loans 59

Troutman Sanders

OCTOBER 3, 2023

On September 29, the Commodity Futures Trading Commission (CFTC) announced that it filed charges against eight Florida-based entities for fraudulently claiming to be CFTC-registered futures commission merchants and retail foreign exchange dealers.

Financial services 52

Financial services Student loans Student Loans Trade 52

Better Credit Blog

OCTOBER 14, 2020

Asset Recovery Solutions isn’t a lender, provider, or retailer itself, so getting a letter or call stating that you owe them money may have you concerned about the company’s legitimacy. While you might not be familiar with Asset Recovery Solutions, it collects on a wide range of debts, such as: Auto loans. Retail debt.

Debt collector 52

Debt collector Collection Agencies Collections Agency Retail 52

Troutman Sanders

DECEMBER 19, 2023

On December 12, the FTC announced that it had finalized a new rule — the Combating Auto Retail Scams (CARS) Rule — addressing two types of illegal tactics consumers allegedly face when buying a car: bait-and-switch tactics and hidden junk fees. For more information, click here. For more information, click here.

Financial services 52

Financial services Banks Debt collector Government 52

Troutman Sanders

JUNE 21, 2023

On June 20, the Federal Trade Commission (FTC) sent letters to 50 online marketplaces nationwide, notifying them about their obligation to comply with the new Integrity, Notification, and Fairness in Online Retail Marketplaces for Consumers Act — or the INFORM Consumers Act — as soon as it takes effect on June 27.

Financial services 52

Financial services Collection Agencies Collections Agency Trade 52

Troutman Sanders

JANUARY 25, 2022

On January 20, the FTC issued an advisory opinion, stating that the Holder Rule does not prevent a plaintiff from recovering attorneys’ fees and costs against a “loan holder,” where another state, local, or federal law permits the recovery as some courts have incorrectly concluded.

Financial services 52

Financial services Student loans Student Loans Trade 52

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. For more information, click here. For more information, click here. For more information, click here.

Financial services 52

Financial services Credit Unions Credit Unions Financial Institution 52

Troutman Sanders

JANUARY 17, 2023

In November 2022, Genesis announced that it will prohibit retail investors from withdrawing their cryptocurrency deposits from Gemini Earn accounts due to liquidity risks. Supreme Court in support of the Biden administration’s student loan forgiveness plan.

Financial services 52

Financial services Student loans Student Loans Education 52