Remove Consumer Credit Remove Financial Institution Remove Student Loans
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Nevada Enacts Law Imposing Licensing Requirements and Regulations on Student Loan Servicers

Troutman Sanders

On June 14, Nevada Governor Joe Lombardo signed into law AB 332 , An Act Relating to Student Education Loans, requiring, among other things, student loan servicers to be licensed by the Commissioner of Financial Institutions and regulating certain conduct of the servicers towards borrowers.

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Top Money-Saving Tips and Tricks to Beat 2020 Holiday Debt

Credit Corp

Compare Rates on Debt Consolidation Loans. If you’re in a financial rough patch, don’t panic. Many financial institutions offer deferments, temporarily lower payments, low-cost structured repayment plans and other reassuring options—but only if you ask. Use Financial Planning Apps. Check Your Credit Score.

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Q2 Industry Insights: Beating the Economic Heat and Keeping Up with Compliance

True Accord

Thanks to record interest rates, stubborn inflation and other economic factors, credit card balances are likely only going to climb, despite what we saw in the first half of the year. The verdict is still out on how those with student loans are faring with resumed payments.

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What Does 2023 Have in Store for U.S. Credit Risk and FICO Score Trends?

Fico Collections

Credit Risk and FICO Score Trends? economy, credit scores, and credit risk trends were headed. government and financial institutions to implement significant guard rails and safety net programs for consumers such as the government stimulus, extended unemployment benefits, and payment accommodations.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Federal Activities: On September 29, the Consumer Financial Protection Bureau (CFPB) released its fifth biennial report to Congress on the consumer credit card market, finding that the market’s growth over the last few years reversed course in 2020. Privacy and Cybersecurity Activities. Among other provisions, S.B.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On October 11, the CFPB published its analysis regarding the nonsufficient fund (NSF) fee practices of a number of banks and credit unions. NSF fees are distinct from overdraft fees, which financial institutions charge when they pay, rather than decline, a payment when the account lacks sufficient funds.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

The FTC’s Safeguards Rule requires nonbanking financial institutions, such as mortgage brokers, motor vehicle dealers, and payday lenders, to develop, implement, and maintain a comprehensive security program to keep their customers’ information safe. financial institutions. For more information, click here.