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CFPB Continues to Press for Expanded Definition of Credit Transaction Under ECOA by Interjecting its Position in Pending Private Litigation

Troutman Sanders

District Court for the Southern District of Florida arguing that the Equal Credit Opportunity Act’s (ECOA) prohibition on discrimination covers every aspect of an applicant’s dealings with a creditor, not just the specific terms of a loan (like the interest rate or fees).

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Online fashion giant served with winding up petition

UK debt collections

Leading online UK fast-fashion retailer Missguided has been served with a winding up petition due to unpaid debts. Creditors have now applied for compulsory liquidation and a petition has been lodged against the firm in what they have called a “train crash” situation. Missguided called the police and sent all its staff home.

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What is GECRB on My Credit Report?

Better Credit Blog

General Electric Capital Retail Bank, abbreviated as GECRB, is the former name for Synchrony Bank, and it’s probably on your report because you applied for a Synchrony card at some point in the past. The bank partners with numerous retailers to offer rewarding credit cards to shoppers. Property repossessions. File a Dispute.

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What Is SYNCB On My Credit Report?

Better Credit Blog

If you’ve come across the name SYNCB on your credit report, it’s probably because you applied for a credit card with the bank or one of its popular retail partners. The online bank is known for its extensive lineup of credit cards for popular retailers, including: Amazon. Property repossession. What Is SYNCB? American Eagle.

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How Businesses Use Corporate Debt Restructuring for Liquidity

Debt RR

Debts can quickly cripple a business, and negotiating more favorable terms with creditors is usually the best way out. Many businesses are both debtors and creditors. Creditors can cut their losses, and everyone can come to an agreement on how to move forward with a deal that benefits everyone involved. Court Intervention.

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What is Comenity Bank/VCTRSSEC On My Credit Report?

Better Credit Blog

While VCTRSSEC might sound unfamiliar, it represents a popular retailer: Victoria’s Secret. Comenity Bank is a premier producer of retail credit cards, partnering with 145 popular brands to offer credit cards to consumers. Repossessions. If so, you may be wondering how it got there and what it means for your credit score.

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What is Abt Synchrony on My Credit Report?

Better Credit Blog

It is most popular for its credit cards, partnering with dozens of big-name service providers and retailers to offer rewarding credit cards. Abt Electronics is a popular appliance and electronics retailer that offers 6, 12, and 24-month financing with its Synchrony credit cards. Repossession. Charge offs. Debt collectors.

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