Remove Collection Companies Remove Financial Institution Remove Student Loans
article thumbnail

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

True Accord

Meanwhile, millions of Americans may see significant changes to their credit reports in the coming months if they have either unpaid medical bills or student loans, but the effects of each are opposite. for this year, increased to 3.0% at the three-year horizon, and declined to 2.7% at the five-year horizon.

article thumbnail

Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

million to consumers who were allegedly charged illegal fees to reduce or eliminate their federal student loans. In July 2020, the CFPB settled with a student loan debt-relief services company for violating the Telemarketing Sales Rule. Abusive Telemarketing Acts or Practices). For more information, click here.

article thumbnail

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. Introduction and Spotlight on Medical and Rental Debt 1.1