True Accord

AUGUST 11, 2022

August 14 is National Financial Awareness Day , making it an appropriate time to shine a spotlight on initiatives that can help improve consumer financial awareness in the collections space. Overall, lower levels of financial literacy end up contributing to increased rates of bankruptcy, defaults, and foreclosures.

Acquisition 65

Acquisition Debt Recovery Education Student loans 65

Troutman Sanders

FEBRUARY 8, 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 debt collection rule is currently scheduled to go into effect on November 30, 2021. You may access this interactive tool at [link].

Financial services 52

Financial services Foreclosure Student loans Student Loans 52

Collections Law

MARCH 10, 2022

At the NAPNAME, our experienced commercial collection attorneys often help subcontractors, general contractors and various suppliers to file and pursue proper mechanic’s liens on their projects. If the owner does not pay for your work, the lien allows you to pursue payment through a judicial foreclosure.

Mechanic’s Liens 52

Mechanic’s Liens Commercial Collection Foreclosure Trade 52

Troutman Sanders

AUGUST 9, 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. s emergency debt collection bill. You may access this interactive tool at [link]. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Foreclosure 52

Troutman Sanders

NOVEMBER 16, 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. Debt collection activities are not considered essential. Please click here to visit this new interactive tool: [link].

Financial services 52

Financial services Foreclosure Banks Trade 52

Troutman Sanders

JULY 7, 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 law does not impact most third-party collection agencies, but it does impact some creditors and debt buyers. On June 29, the U.S.

Financial services 52

Financial services Financial Institution Student Loans Student loans 52

Troutman Sanders

OCTOBER 19, 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. These FAQs are a Compliance Aid designed to help collection agencies comply with Reg F, which goes into effect on November 30, 2021.

Financial services 52

Financial services Student loans Student Loans Debt collector 52

Troutman Sanders

AUGUST 1, 2023

For example, the bill distinguishes a “digital asset” from a “digital commodity,” empowering the Securities and Exchange Commission (SEC) to regulate the former and the Commodity Futures Trading Commission (CFTC) to regulate the latter. On July 20, Federal Trade Commission (FTC) and the U.S. For more information, click here.

Financial services 52

Financial services Financial Institution Debt collector Trade 52

Troutman Sanders

MAY 10, 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. You may access this interactive tool at [link]. For more information, click here. For more information, click here.

Financial services 52

Financial services Fair Debt Collection Foreclosure Debt collector 52

Troutman Sanders

OCTOBER 4, 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 September 28, Federal Trade Commission (FTC) Chair Lina M. You may access this interactive tool at [link]. Coast Professional, Inc.,

Financial services 52

Financial services Financial Institution Foreclosure Student Loans 52

Troutman Sanders

MARCH 22, 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 bill also would require such payments to be encoded, and would extend other restrictions on collection of such funds.

Financial services 52

Financial services Garnishment Student loans Student Loans 52

Troutman Sanders

MARCH 29, 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 March 22, the CFPB released the 2020 annual report to Congress on the administration of the Fair Debt Collection Practices Act (FDCPA).

Financial services 52

Financial services Fair Debt Collection Foreclosure Lender 52

Troutman Sanders

OCTOBER 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. You may access this interactive tool at [link]. For more information, click here. For more information, click here.

Financial services 52

Financial services Loans Lender Foreclosure 52

Collection Industry News

MAY 30, 2022

The CFPA includes a long list of exemptions to the CFPB’s authority, such as: merchants; retailers; accountants and tax preparers; attorneys engaged in the practice of law; persons regulated by the Securities and Exchange Commission; persons regulated by the Commodity Futures Trading Commission; and auto dealers.

Fair Debt Collection 40

Fair Debt Collection Foreclosure Retail Trade 40

Collection Industry News

JUNE 29, 2024

These reports are generated every quarter and are based on data collected from Equifax, which is one of the three major credit reporting agencies in the country. Seriously delinquent balances matter because lenders may never collect a penny on them. The agency will attempt to collect the debt from you. trillion.

Credit Card Debt 40

Credit Card Debt Student loans Student Loans Lender 40

Troutman Sanders

JULY 20, 2020

On July 17, 2020, New York Attorney General Letitia James extended the suspension of debt collection for medical and student debt owed to the state of New York for 30 days, through August 15, 2020. Interest accrual and collection of fees on outstanding state medical and student debt are suspended until August 15 as well.

Financial services 52

Financial services Loans Banks Foreclosure 52

Fico Collections

AUGUST 3, 2022

In addition, homeowners are beginning to struggle to pay their mortgages, with foreclosure filings increasing by 153% in the first six months of 2022 compared to the same period last year. Borrower resilience tends to be associated with how a borrower uses credit. The most obvious one is early intervention.

Foreclosure 52

Foreclosure Loans Trade 52

Troutman Sanders

OCTOBER 16, 2023

On October 11, the Federal Trade Commission (FTC) announced a new proposed rule to prohibit junk fees, which are hidden and bogus fees that can harm consumers and undercut honest businesses. million, allegedly collecting about $81,000 of that amount. For more information, click here. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Credit Unions 52

Troutman Sanders

MAY 9, 2023

On May 1, the Federal Trade Commission (FTC) announced a permanent ban from debt relief telemarketing for operators of debt relief scam. For more information, click here. The FTC charged the defendants with taking tens of millions of dollars from people by falsely promising to eliminate or substantially reduce their credit card debt.

Financial services 52

Financial services Student loans Student Loans Loans 52

Troutman Sanders

JANUARY 30, 2023

On January 26, the Securities and Exchange Commission (SEC) rejected Cboe BZX Exchange’s (BZX) request to list and trade Ark 21Shares, the proposed spot-Bitcoin exchange traded fund (ETF) managed by asset managers ARK Investment Management and 21Shares (collectively hereinafter, the “trust). For more information, click here.

Financial services 52

Financial services Foreclosure Banks Trade 52

Troutman Sanders

FEBRUARY 22, 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. You may access this interactive tool at [link]. For more information, click here. For more information, click here.

Financial services 52

Financial services Student Loans Student loans Foreclosure 52

Burr Forman

DECEMBER 4, 2020

Financial institutions, servicers, lenders, and debt collectors must stay up-to-date on evolving federal and state laws stemming from the COVID-19 pandemic, as such laws impact all facets of consumer loan servicing and debt collection. In March of 2020, Burr published an article discussing the global pandemic’s impact on collection practices.

Financial Institution 52

Financial Institution Garnishment Collections Foreclosure 52

Credit Corp

JANUARY 10, 2021

Here’s what landlords usually see in standard credit checks: Loans (current and past) Bankruptcies, foreclosures, and short sales Minimum payment amounts for debt accounts Late payment histories Credit histories Credit scores. These could include the following: Car repossessions Credit card charge-offs Accounts currently in collections.

Education 96

Education Bankruptcy Repossession Foreclosure 96

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. On February 25, the Oklahoma legislature’s Business and Commerce Committee amended a health care debt collection bill. On February 22, U.S.

Financial services 52

Financial services Foreclosure Financial Institution Government 52

Troutman Sanders

OCTOBER 26, 2020

The task force also adopted an updated report on trade-based money laundering and recognized progress by a number of jurisdictions. The current recordkeeping and travel regulations of the Bank Secrecy Act mandate that banks collect, retain, and transmit information on fund transfers of more than $3,000 occurring outside the U.S.

Financial services 52

Financial services Foreclosure Financial Institution Banks 52

Troutman Sanders

MARCH 8, 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. Representative Madeleine Dean reintroduced the Fair Debt Collection Practices for Servicemembers Act. For more information, click here.

Financial services 52

Financial services Retail Foreclosure Financial Institution 52

Troutman Sanders

JUNE 7, 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. State Activities: On July 1, a new Nevada law on the collection of medical debts will go into effect. For more information, click here.

Financial services 52

Financial services Foreclosure Trade Collections 52

Troutman Sanders

OCTOBER 9, 2023

On October 4, the Federal Trade Commission (FTC) held a roundtable to discuss the impact of artificial intelligence on creative fields. The FTC alleged that the defendants pretended to be affiliated with the Department of Education, charged illegal junk fees, and offered students loan forgiveness promises that were not fulfilled.

Financial services 52

Financial services Student Loans Student loans Third-party Debt Collectors 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. On November 16, the Federal Trade Commission (FTC) issued its Fiscal Year 2020 Agency Financial Report. For more information, click here.

Financial services 52

Financial services Foreclosure Banks Loans 52

Troutman Sanders

SEPTEMBER 20, 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. You may access this interactive tool at [link]. As such, when these programs end, renters and their families may be at heightened risk.

Financial services 52

Financial services Foreclosure Debt collector Student loans 52

Troutman Sanders

FEBRUARY 2, 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 notice through this system is the first step in initiating the majority of residential foreclosures in Maryland.

Financial services 40

Financial services Foreclosure Banks Debt collector 40

Troutman Sanders

APRIL 19, 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. You may access this interactive tool at [link]. The third requirement involves license-specific requirements. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Financial Institution 52

Troutman Sanders

APRIL 5, 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 April 1, the CFPB issued a warning to mortgage servicers to take necessary steps to prevent a wave of foreclosures this fall.

Financial services 52

Financial services Financial Institution Foreclosure Garnishment 52

Troutman Sanders

MAY 17, 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 May 12, the Senate Commerce Committee (FTC) voted to proceed with Lina Khan’s nomination as commissioner of the Federal Trade Commission.

Financial services 52

Financial services Foreclosure Collection Agencies Collections Agency 52

Troutman Sanders

FEBRUARY 16, 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 February 8, HB 32 was introduced in Ohio, seeking to place a moratorium on the collection of some student loans and health care debt.

Financial services 52

Financial services Student loans Student Loans Banks 52

Troutman Sanders

APRIL 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. The second debt collection rule clarifies disclosures debt collectors must provide to consumers at the beginning of collection communications.

Financial services 52

Financial services Debt collector Student loans Student Loans 52

Troutman Sanders

AUGUST 14, 2023

In its appeal, the SEC stated that it intended to seek certification of the court’s holding that certain “programmatic sales” over crypto-asset trading platforms in exchange for labor and services did not involve the offer or sale of securities. For more information, click here. For more information, click here.

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Financial services Foreclosure Banks Loans 52