Troutman Sanders

DECEMBER 21, 2021

On December 16, the National Credit Union Administration — the federal regulator that oversees credit unions — announced that credit unions may partner with third-party digital asset service providers to give members access to cryptocurrencies and other digital assets. For more information, click here.

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Troutman Sanders

MARCH 6, 2024

The bill also prohibits providers from: Compelling a consumer to repay by use of unsolicited telephone calls, filing a suit against the consumer, using a third-party collection agency, or selling outstanding amounts to a third-party collector. Reporting a consumer’s nonpayment to a consumer reporting agency or debt collector.

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Better Credit Blog

JANUARY 27, 2021

When you miss a payment on a bill, you run the risk of being contacted by a debt collector such as Burr & Reid. They are a particularly tenacious debt collection agency that will come after you until you pay up. Not only that, but they will wreak havoc on your credit score as well. credit unions.

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Troutman Sanders

JULY 13, 2023

Notably, the law does not apply to FDIC-insured banks or savings and loan associations, credit unions, or any person authorized to make loans or extensions of credit. Reporting a consumer’s nonpayment to a consumer reporting agency or debt collector. Accepting payment from a consumer via credit card.

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Better Credit Blog

AUGUST 31, 2020

ConServe is a debt collection agency that may contact you regarding unpaid debts. They are a third-party debt collector, which means that they may be hired by your original creditor, or they may purchase your old debt on the chance that you pay them instead. Ask Sky Blue for Help.

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Troutman Sanders

MARCH 18, 2024

The bill also prohibits providers from: Compelling a consumer to repay by filing a suit against the consumer, using a third-party collection agency, or selling outstanding amounts to a third-party collector. Using credit reports or credit scores to determine a consumer’s eligibility for EWA services.

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Troutman Sanders

JANUARY 9, 2024

On January 2, the CFPB published a blog titled, “Holding Debt Collectors Responsible for False Statements.” CICA Collection Agency, a First Circuit case in which the CFPB has filed an amicus brief. The consumer sued to hold the debt collector accountable for the misrepresentation, but the debt collector pled ignorance.

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Better Credit Blog

SEPTEMBER 4, 2020

If you have heard from a debt collector called Rausch Sturm, you are probably being pursued for an old debt. You have also probably seen them appear on your credit report as a collections account. This is because Rausch Sturm has been hired by your original creditor to collect the debt on their behalf.

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Troutman Sanders

MARCH 22, 2021

The advisory provides a list of steps a consumer can take to ensure that they have the full benefit of those funds by protecting them from bank and credit union setoffs if the consumer’s account is overdrawn. On March 10, the Oklahoma Senate passed a health care debt collection bill.

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Debt RR

AUGUST 3, 2020

Common reasons for bank account garnishment in Texas include: Private creditors: These are banks, credit unions, credit card companies, peer-to-peer lenders, hard money loan providers, and other financial institutions. This debt can include anything from credit cards to past due balances on office space.

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Troutman Sanders

JUNE 14, 2023

On June 8, the board of governors for the Federal Reserve (the Fed), Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), National Credit Union Administration (NCUA), and the OCC requested public comment on proposed guidance addressing reconsiderations of value (ROV) for residential real estate transactions.

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Troutman Sanders

MARCH 14, 2023

The bill subsumes debt buyers into the definition of “collection agency,” subjecting debt buyers to regulation by the state’s Collection Agency Board. Accordingly, debt buyers will be required to obtain licenses from the board to conduct collections or act as a debt collector.

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Troutman Sanders

MARCH 6, 2023

The bill subsumes debt buyers into the definition of “collection agency,” subjecting debt buyers to regulation by the state’s Collection Agency Board. Accordingly, debt buyers will be required to obtain licenses from the board to conduct collections or act as a debt collector.

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