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. State Activities. Privacy and Cybersecurity Activities. You may access this interactive tool at [link].

Financial services 52

Financial services Student loans Student Loans Debt collector 52

Collection Industry News

JULY 6, 2021

These non-public actions have occurred in areas such as auto loan servicing, consumer reporting, debt collection, deposits, fair lending, mortgage origination and servicing, private student loan origination, payday lending, and student loan servicing. Examiners found foreclosure issues. u52848c4eb2da898a96eb0e1523aff284.ctaText

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Student loans Student Loans Foreclosure Loans 40

Troutman Sanders

OCTOBER 26, 2020

To help you stay abreast of relevant activities, below find a breakdown of some of the biggest COVID-19 driven events at the federal and state levels to impact the Consumer Finance Services industry this past week: Federal Activities. State Activities. Privacy and Cybersecurity Activities.

Financial services 52

Financial services Financial Institution Foreclosure Banks 52

Troutman Sanders

NOVEMBER 24, 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. State Activities. Privacy and Cybersecurity Activities. Please click here to visit this new interactive tool: [link].

Financial services 52

Financial services Foreclosure Banks Loans 52

Troutman Sanders

APRIL 5, 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. State Activities. Privacy and Cybersecurity Activities. You may access this interactive tool at [link]. On March 30, the U.S.

Financial services 52

Financial services Financial Institution Foreclosure Garnishment 52

Burr Forman

DECEMBER 4, 2020

Financial institutions, servicers, lenders, and debt collectors must stay up-to-date on evolving federal and state laws stemming from the COVID-19 pandemic, as such laws impact all facets of consumer loan servicing and debt collection. In March of 2020, Burr published an article discussing the global pandemic’s impact on collection practices.

Financial Institution 52

Financial Institution Garnishment Collections Foreclosure 52

Sawin & Shea

MARCH 13, 2024

We can help people re-organize secured debt in various ways to help people stop repossessions or foreclosure and get back on track with payments to keep those items. Bankruptcy Court Process After filing, the court handling your bankruptcy case will put an automatic stay that protects you from any collection activity.

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Chapter 7 bankruptcy Chapter 13 bankruptcy Bankruptcy Collateral 52

Collection Industry News

OCTOBER 6, 2020

Earlier this year, the pandemic swept across the country, killing 100,000 Americans by the spring, shuttering businesses and schools, and forcing people into their homes. There was no ban on collections of old credit card bills, Encore’s specialty. The company said it had stopped seeking orders to garnish bank accounts.

Debt collector 40

Debt collector Garnishment Banks Foreclosure 40

Sawin & Shea

JANUARY 24, 2024

The Pros Bankruptcy can stop foreclosures , repossessions, lawsuits, wage garnishment, utility shut-offs, and debt collection activities through its automatic stay provision. For those with assets like a home, bankruptcy may allow you to keep them while discharging other debts.

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Debt Consolidation Bankruptcy Chapter 13 bankruptcy Collateral 52

FDCPA Defense

NOVEMBER 11, 2014

Section 1692g requires that within five days of the “initial communication with a consumer in connection with the collection of any debt” a collector must send the consumer a written notice containing, inter alia , the amount of the debt, and the name of the creditor to whom the debt is owed. See 15 U.S.C. 1692g(a)(1), (2). Kaplan , 109 F.3d

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Debt collector Debtor Creditors Original Creditor 40

Troutman Sanders

FEBRUARY 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. State Activities. Privacy and Cybersecurity Activities. Federal Activities: On February 5, U.S. On February 2, the U.S.

Financial services 52

Financial services Foreclosure Student loans Student Loans 52

Troutman Sanders

AUGUST 14, 2023

investments into countries of concern in entities engaged in activities involving sensitive technologies critical to national security in three sectors: semiconductors and microelectronics, quantum information technologies, and artificial intelligence. Supervisory teams will be tasked with monitoring and examining novel activities.

Financial services 52

Financial services Foreclosure Banks Loans 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. State Activities. Privacy and Cybersecurity Activities. You may access this interactive tool at [link]. On June 16, the U.S.

Financial services 52

Financial services Student loans Student Loans Financial Institution 52

Collection Industry News

AUGUST 9, 2021

Still, certain federal guidelines remain in place in New York, including the need to wear a mask while traveling on public transportation or visiting hospitals, nursing homes, or correctional facilities. Michael Machado, a Law Clerk in our New York office, contributed to the writing of this alert. James , Case No. 2:21-cv-00998). The Act (S.9114/A.11181)

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Foreclosure Government Judgment Lender 40

Troutman Sanders

NOVEMBER 7, 2023

On November 1, the Federal Housing Administration (FHA) announced that it has posted a set of proposed policy updates to its Home Equity Conversion Mortgage (HECM) program designed to improve program stability and to respond to changing market conditions, for industry feedback. For more information, click here.

Financial services 52

Financial services Debt collector Loans Foreclosure 52