Nexa Collect

MARCH 12, 2021

The CFPB has the authority to stretch its long arm as far as the most remote corner of the United States and its territories in order to supervise and audit local banks, credit unions, payday lenders, debt collection agencies, and more. All that being said, in Puerto Rico interest is allowed on money judgments, at a rate of 6%.

Collection Agencies 130

Collection Agencies Collections Agency Collections Garnishment 130

Debt RR

AUGUST 3, 2020

This unpaid debt can lead to a serious problem for businesses: garnishment. Bank account garnishment can create serious cash flow blocks for companies of all sizes, and those cash flow problems can compound into other issues, like payroll concerns and late payments on other accounts. Can Debt Collectors Garnish Bank Accounts in Texas?

Garnishment 40

Garnishment Banks Student loans Student Loans 40

Troutman Sanders

OCTOBER 26, 2020

The legislation would benefit banks and credit unions with assets under $15 billion. to extend protection of COVID-19 payments from garnishment and amend the required notice to judgment debtors to inform them of an additional category of exempt funds described as emergency relief payments.

Financial services 52

Financial services Financial Institution Foreclosure Banks 52