Acquisition Debt collector Financial Institution 
Troutman Sanders
MAY 5, 2022
The CFPB reports that this seems to happen most often with creditors’ acquisitions of pre-existing credit card accounts from other creditors. Debt Collection. The CFPB believes that debt collectors misrepresent consumers’ responsibilities in cases of identity theft. Too many holds on mobile check deposits.
Collection Industry News
MAY 9, 2022
The CFPB reports that this seems to happen most often with creditors’ acquisitions of pre-existing credit card accounts from other creditors. Debt Collection. The CFPB believes that debt collectors misrepresent consumers’ responsibilities in cases of identity theft. Too many holds on mobile check deposits.
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Consumer Financial Services Law
MAY 10, 2017
A recent decision from a Louisiana district court should provide some comfort to banks and other financial institutions who acquire other entities by merger – at least in the Fifth Circuit, they are not debt collectors. As most know, Bank of America (BoA) acquired Countrywide Bank FSB and its mortgage portfolio in 2008.
Troutman Sanders
AUGUST 11, 2022
Associate Carlin McCrory is a regulatory, compliance, and payments attorney with experience representing financial institutions, fintechs, lenders, debt collectors, payment processors, neobanks, virtual currency companies, and mortgage servicers.
Troutman Sanders
NOVEMBER 13, 2023
On November 6, the Bank of England, Financial Conduct Authority, and Prudential Regulation Authority issued guidance explaining how current and proposed regulatory regimes governing “e-money, stablecoins, and tokenised bank deposits” will interact, indicating that applicable financial institutions will be subject to dual or triple regulation.
Better Credit Blog
AUGUST 31, 2020
If you have started hearing from a company called Convergent Outsourcing, it means that you are being pursued for a debt. Besides being annoying and aggressive, debt collectors like Convergent Outsourcing can have a major impact on your credit score. This legislation is called the Fair Debt Collection Practices Act.
Better Credit Blog
SEPTEMBER 18, 2020
CACH LLC is a medium-sized debt collection agency that is headquartered in Greenville, SC. Founded in 2005 in Colorado, they specialize in debt collection on the behalf of financial institutions. While CACH LLC is a legitimate debt collector, this does not make them popular among their customers.
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