Better Credit Blog

DECEMBER 2, 2020

Banana Republic SYNCB stands for Banana Republic Synchrony Bank. When you apply for a Banana Republic credit card or get added as an authorized user on someone else’s account, it could lead to a hard inquiry. This type of entry can lower your score, particularly if you have several hard credit checks on your report. Foreclosure.

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Better Credit Blog

DECEMBER 2, 2020

Banana Republic SYNCB stands for Banana Republic Synchrony Bank. When you apply for a Banana Republic credit card or get added as an authorized user on someone else’s account, it could lead to a hard inquiry. This type of entry can lower your score, particularly if you have several hard credit checks on your report. Foreclosure.

Lender 52

Lender Repossession Loans Foreclosure 52

Troutman Sanders

JANUARY 11, 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. Scammers take advantage of the coming federal pandemic relief payments to get personal or bank information to steal money.

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Financial services Foreclosure Banks Collection Agencies 52

Better Credit Blog

JANUARY 5, 2021

Do you have questions about an entry from CBNA Sioux Falls on your credit report? While CBNA Sioux Falls might be an unfamiliar name, it represents Citibank, a national provider of banking services and credit cards. If the name is on your credit report, it’s most likely because you applied for a credit card from the bank.

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Better Credit Blog

JANUARY 5, 2021

Do you have questions about an entry from CBNA Sioux Falls on your credit report? While CBNA Sioux Falls might be an unfamiliar name, it represents Citibank, a national provider of banking services and credit cards. If the name is on your credit report, it’s most likely because you applied for a credit card from the bank.

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Loans Banks Repossession Lender 52

Better Credit Blog

DECEMBER 18, 2020

CBCInnovis probably isn’t a name you recognized on your credit report. While you may have applied for a loan from a popular lender or bank, their name isn’t necessarily the one that will appear on your credit report. To give you a better idea of what credit repair companies do, they’ve helped people recover from: Bankruptcy.

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Better Credit Blog

JANUARY 29, 2021

Macys DSNB On My Credit Report. Macys DSNB is the reporting code that represents the Macy’s credit card issued by Department Store National Bank. According to their credit card policy , the bank may obtain the following info when you apply for a card: SSN. Credit history. Hire a Credit Repair Company.

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Better Credit Blog

JANUARY 29, 2021

A hard inquiry can be prompted by an application for a credit card or loan, or in some cases a rental application. If you applied for a Citibank credit card, the bank might have accessed one or more of your credit reports, meaning each of your reports could feature a hard inquiry. Foreclosure. Charge-offs.

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Repossession Loans Foreclosure Financial Institution 52

Troutman Sanders

OCTOBER 16, 2023

On October 11, the Consumer Financial Protection Bureau (CFPB) issued an advisory opinion concerning consumers’ requests for information regarding their accounts with large banks and credit unions. For more information, click here. For more information, click here. For more information, click here. On October 10, D.C.

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Financial services Student loans Student Loans Credit Unions 52

Better Credit Blog

DECEMBER 18, 2020

Cb/Vicscrt is short for Comenity Bank/Victoria’s Secret. The entry is most likely on your report as a hard inquiry, which happens when you apply for a retail credit card. If you never applied for a credit card from Victoria’s Secret, you should be able to get the inquiry deleted from your report. Cb/Vicscrt On My Credit Report.

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Better Credit Blog

DECEMBER 31, 2020

Citi is a popular bank that provides credit cards for a wide range of retail stores like The Home Depot. With The Home Depot, in particular, Citi offers four credit options: Consumer Credit Card. When you apply for any one of these cards, loans, or credit accounts, you authorize Citibank to run a hard credit check.

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Retail Lender Loans Repossession 52

Fico Collections

JULY 15, 2022

In addition to traditional credit data, the UltraFICO Score reviews open banking or consumer permission data, such as how the consumer handles their finances which can be revealed by their checking and savings accounts.

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Lender Education Acquisition Foreclosure 52

Troutman Sanders

JANUARY 30, 2023

The Fed denied Custodia’s application because Custodia’s proposed business model involved issuing crypto-assets on blockchain networks — an activity the Fed previously called “inconsistent with safe and sound banking practices.” The Fed also exhibited concern with Custodia’s ability to mitigate money laundering and terrorism financing.

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Financial services Foreclosure Banks Trade 52

Collection Industry News

JULY 6, 2021

In June 2020, the CFPB proposed amendments to Regulation Z to address the anticipated expiration of the London Inter-Bank Offered Rate (LIBOR)—a commonly-used index for calculating the interest rate on variable-rate consumer credit products. The Bureau expects to issue a final rule in January 2022.

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Troutman Sanders

MARCH 1, 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 eviction moratorium law is part of New York state’s COVID-19 Emergency Eviction and Foreclosure Prevention Act of 2020.

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Financial services Foreclosure Financial Institution Government 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. Community banking organizations must follow different rules and requirements based on their risk profile and asset size.

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Financial services Foreclosure Banks Loans 52

Troutman Sanders

JULY 12, 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 June 30, the CFPB released a blog post regarding trends of commercial reporting on consumer credit.

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Financial services Student loans Student Loans Foreclosure 52

Troutman Sanders

MAY 2, 2023

Senate Committee on Banking held a full committee hearing, titled “Oversight of the Credit Reporting Agencies.” Chairman Sherrod Brown (D-OH) described consumer credit reports as “riddled with errors.” Brown argued that medical debt “correlates with illness,” not with credit risk. For more information, click here.

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Troutman Sanders

MARCH 15, 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 FTC reminds consumers that the government will never ask them to pay anything upfront in any form to obtain stimulus money.

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Financial services Financial Institution Foreclosure Government 52

Troutman Sanders

AUGUST 31, 2020

On August 27, 2020, the Federal Housing Finance Agency announces it would extend the eviction moratoriums on single-family foreclosures and real estate owned (REO) properties from August 31, 2020 to December 31, 2020. The moratorium only applies to Enterprise-backed, single-family mortgages. For more information, click here.

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