Creditworthiness Debt collector Financial services 
Account Recovery
DECEMBER 2, 2024
that aim to provide regulators with more transparency about how companies in the financial services industry are using artificial intelligence. The bills were introduced days before the House Financial Services Committee holds a hearing on “How Technology is Shaping the Future of Finance.”
Troutman Sanders
MAY 9, 2023
On May 4, Colorado Governor Jared Polis signed SB93 into law.
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Consumer Financial Services Law
NOVEMBER 14, 2016
The CFPB’s Fall Supervisory Highlights contains a mixed bag for debt collectors. Debt collection appears to be back as a point of emphasis for examiners. The Report makes the following observations which should be heeded by debt collectors: CONVENIENCE FEES. The Report also notes concerns with direct disputes.
Collection Industry News
MAY 18, 2021
Despite objections from CUNA and NAFCU, the House of Representatives passed the Comprehensive Debt Collection Improvement Act on Thursday. 2547 was sponsored by House Financial Services Committee Chairwoman Rep. The bill, H.R. Maxine Waters (D-Calif.), passed the House with a 215-207 vote.
FDCPA Defense
MAY 6, 2014
The CFPB does not want debt collectors to tell consumers that paying their debts might help them to improve their credit score. Nor does the CFPB want collectors to encourage consumers to pay by informing them that their failure to do so might harm their credit. Arrow Financial Services , 428 F. 558, 566 (D.
Troutman Sanders
APRIL 15, 2022
The plan includes four focus areas: Holding Providers and Collectors Accountable: The Department of Health and Human Services (HHS) will evaluate how providers’ billing practices impact access and affordability of care and the accrual of medical debt.
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