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Q4 Industry Insights: Looking Good on Paper, Feeling Bad in Wallets, Everyone’s Uncertain on Financial Outlook

True Accord

With inflation proving more sticky than policymakers had hoped and uncertainty around how the new administrations policies might affect it, it may take longer for people to see lower interest rates on their mortgages, car loans and credit card balances, which could prove challenging to household budgets.

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Debt Collectors, Payday Lenders Collected Over $500 Million In Federal Pandemic Relief

Collection Industry News

Yet the federal government’s Paycheck Protection Program last year also gave the company a helping hand: It provided $2.4 million in forgivable loans to Capio and an affiliated firm, the Law Office of Mitchell D. More than half of small-business loans went to larger businesses, new SBA data shows.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

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. On April 26, the FTC, the commonwealth of Pennsylvania, and debt collection company International Credit Recovery, Inc. Dollar (USD) LIBOR after June 30.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

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. million to consumers who were allegedly charged illegal fees to reduce or eliminate their federal student loans.

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A New Era for Debt Collection?

Burt and Associates

Debt Not Owed: Examines consumer complaints about medical debt collection for debts not actually owed, often stemming from billing errors or insufficient information provided to consumers. Conclusion: Summarizes the key findings and trends in medical and rental debt collection. Consumer Debt and Collections 2.1 Medical Debt 1.1.1