Collection Companies Consumer Credit Loans 
Taurus Collect
JUNE 16, 2024
Why Compliance and Regulations Matter in UK Lending Understanding the importance of compliance and regulations in debt collection is crucial for debt collecting companies in the UK. They oversee debt collecting companies to ensure fair treatment of customers.
Collection Industry News
MARCH 7, 2022
More than half of the debt that appears on credit reports as being in collection stems from medical bills, the agency found. Unpaid medical bills became a bigger concern during the pandemic, and now, a federal consumer agency is considering whether those debts should be banned from consumer credit reports.
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Taurus Collect
JANUARY 20, 2023
In addition, checking credit reports also provides insight into whether or not a particular consumer is likely to take legal action against them if they are having trouble repaying their debts. Credit reports contain detailed information about your credit history, including payment histories, outstanding debts, and credit limits.
Troutman Sanders
SEPTEMBER 7, 2021
According to the complaint, “FCO and Sobota operate the largest debt collection company in the multiunit housing industry, and they collect debt on behalf of large apartment complexes, including student and military housing, and assisted-living facilities.” District Court for the District of Maryland.
Troutman Sanders
MAY 2, 2023
PACE loans, secured by a property tax lien on the borrower’s home, are often promoted as a way to finance clean energy improvements, such as solar panels. Senate Committee on Banking held a full committee hearing, titled “Oversight of the Credit Reporting Agencies.” Dollar (USD) LIBOR after June 30. For more information, click here.
Burt and Associates
OCTOBER 31, 2024
Consumer Debt and Collections 2.1 Consumer Debt 2.1.1 Introduction: Provides an overview of the consumer debt landscape and its influence on the debt collection industry. Factors: Examines factors contributing to the rise in consumer debt, including higher inflation and interest rates. The FDCPA 2.3.1
Troutman Sanders
JULY 11, 2023
Department of the Treasury (Treasury) launched an inquiry into specialty financial products, such as medical credit cards and installment loans, that consumers can use to pay for medical care. The CFPB further alleged that the defendants made guarantees about lowering consumers’ credit card interest rates.
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